Ethereum

GDB2222

I think the time to promote a new coin was a couple of years ago, when coin values were rising. Now that the bubble has burst, there’s no reason to do it.

Good luck with the pumping. You’ll clearly need it.

aaj123

GDB2222 said:

I think the time to promote a new coin was a couple of years ago, when coin values were rising. Now that the bubble has burst, there’s no reason to do it.

Good luck with the pumping. You’ll clearly need it.

Hence grudgingly we have no option but to term this kind of closed minded behaviour as 'coping mechanism'. Let's check back in a few months and ofcourse you will come up with other wavy arguments about tulip, bubble, pump and dump, etc.

GDB2222

aaj123 said:

GDB2222 said:

I think the time to promote a new coin was a couple of years ago, when coin values were rising. Now that the bubble has burst, there’s no reason to do it.

Good luck with the pumping. You’ll clearly need it.

Hence grudgingly we have no option but to term this kind of closed minded behaviour as 'coping mechanism'. Let's check back in a few months and ofcourse you will come up with other wavy arguments about tulip, bubble, pump and dump, etc.

I can say the same about you. Closed mind. Coping mechanism. Why do you think that it is important that you proselytise for e-coins? 

aaj123

GDB2222 said:

aaj123 said:

GDB2222 said:

I think the time to promote a new coin was a couple of years ago, when coin values were rising. Now that the bubble has burst, there’s no reason to do it.

Good luck with the pumping. You’ll clearly need it.

Hence grudgingly we have no option but to term this kind of closed minded behaviour as 'coping mechanism'. Let's check back in a few months and ofcourse you will come up with other wavy arguments about tulip, bubble, pump and dump, etc.

I can say the same about you. Closed mind. Coping mechanism. Why do you think that it is important that you proselytise for e-coins? 

Same reason as why we all discuss various investments on this forum. That's what this forum is about and in this thread we talk about one of them. What do you find odd about that?

GDB2222

aaj123 said:

GDB2222 said:

aaj123 said:

GDB2222 said:

I think the time to promote a new coin was a couple of years ago, when coin values were rising. Now that the bubble has burst, there’s no reason to do it.

Good luck with the pumping. You’ll clearly need it.

Hence grudgingly we have no option but to term this kind of closed minded behaviour as 'coping mechanism'. Let's check back in a few months and ofcourse you will come up with other wavy arguments about tulip, bubble, pump and dump, etc.

I can say the same about you. Closed mind. Coping mechanism. Why do you think that it is important that you proselytise for e-coins? 

Same reason as why we all discuss various investments on this forum. That's what this forum is about and in this thread we talk about one of them. What do you find odd about that?

Fair enough, actually!

Scottex99

Lol at e-coins

Scottex99

Anyone can write a code/smart contract to create or “mint” a new coin on the blockchain, whether that is ERC20 or whatever other chain.

There’s a huge difference though in having liquidity for it, buyers/sellers and getting it listed on trading venues, both CEXs and DEXs.

That being said there are probably about 20,000 existing altcoins and at least 90% will go to 0 over time, imo

Malthusian

Scottex99 said:

That being said there are probably about 20,000 existing altcoins and at least 90% will go to 0 over time, imo

So we're going to end up with around 2,000 cryptocurrencies in use on a day-to-day basis, with sustained value? 
In a world which currently gets by with only 180 fiat currencies?
(And even that is considered far too many, ask any Europhile.)

aaj123

Malthusian said:

Scottex99 said:

That being said there are probably about 20,000 existing altcoins and at least 90% will go to 0 over time, imo

So we're going to end up with around 2,000 cryptocurrencies in use on a day-to-day basis, with sustained value? 
In a world which currently gets by with only 180 fiat currencies?
(And even that is considered far too many, ask any Europhile.)

Those 2000 too just happen to be those at a specific time and will keep changing like a conveyor belt. They purely serve the speculation usecase. The number of actual large scale use tokens may well be in single digits. Of these, Bitcoin and Ethereum are the clear Schelling points. 

Scottex99

Malthusian said:

Scottex99 said:

That being said there are probably about 20,000 existing altcoins and at least 90% will go to 0 over time, imo

So we're going to end up with around 2,000 cryptocurrencies in use on a day-to-day basis, with sustained value? 
In a world which currently gets by with only 180 fiat currencies?
(And even that is considered far too many, ask any Europhile.)

Possibly but just because the coin retains some value doesn’t mean that it’s actually in “use” either.

The main point being that most alts have very little use case and will be replaced by new projects over time.

What is interesting to me is the market cap of the coin vs the success (or not) of the project that it’s linked to. AAVE for example, the native token of still one of the biggest DeFi platforms. I’ve not checked the figures but I’d guess the token price is at least -70% from its peak, yet the liquidity within the platform is still around $5bn and it’s being used thousands of times per day