Time to buy

Traders an those getting in without understanding the core concepts of each alt coin will always be at a loss. Buying the hype on the crests and panic selling on the dips.

The ride is always very bumpy and only true HODLers have fun.


The only regret is not getting into mining way back at the start of the thread

A festive season meltdown rocks coins mining exchange world with a dip as high as 40% + in about 24hrs.
But we're here to stay. HAKUNA kutoka mpaka ndoto zetu zitimie!

You still have the opportunity to average downwards the boat has not left...

There is nothing new under the sun.

Kenyans introduce their own coin or is it a CON?
be the judge.

My thoughts

Cyrpto currencies are scams.what if every programmer creates their own currencies?what if govt creates their own virtual currencies

This is what I've found out after a little research:

1) All cryptos are decentralized (blockchain-based), limited in supply and rely on cryptography for security.

2) Not all blockchains are created equal. Being the first blockchain, the Bitcoin blockchain has some serious flaws. It is slow, completes about 5 transactions per second, requires a lot of electricity and expensive hardware to verify a transaction (mine). Additionally, the Bitcoin blockchain is inflexible in terms of application, meaning third party users cannot build their applications, such as smart contracts, on top of it. There are peer-to-peer blockchain platforms, such as the Ethereum project, that allow third party users to do that, making them more valuable than the Bitcoin blockchain.

3) Due to its anonymous nature, mainstream businesses, a majority of which like to track consumer spending habits in order to tailor their product offerings and marketing campaigns accordingly, are unlikely to adopt Bitcoin.

4) Unlike some cryptocoins, such as OmiseGo, Bitcoin is not by an actual product.

5) Quantum computers can break (hack) a cryptography code. So the future of cryptocurrency largely depends on the existence of a quantum computer. Currently, government across the world are throwing money and resources into developing a quantum computer. Once a quantum computer comes into existence, cryptocurrencies will be history.

Conclusion - Bitcoin may have started this cryptocurrency craze, but its code base has some inherent limitations that may prevent it from going mainstream. The development of quantum computing is a serious threat to cryptocurrencies.

Some of the assumed pitfalls of Bitcoin are actually the strongest features that will ensure it's existence way after many newer coins are forgotten.

Take for example that there will only be a maximum of 21 MILLION Bitcoins in supply.

That is a pretty low number for a global market. Does these limited supply hold any value? That is up to the masses to determine. If enough people think it can be a measure of value, it will be around for a lot longer. With such a limited supply the price will go up.

The limited supply ensures no shortcuts where some wallets or developers may end up with an huge number of coins as some coins whose supply is infinite. For an infinite supply, settling on a value of one coin will be extremely hard. For limited supply altcoins, there will always be a sort of pride associated with owning a few of these and this will dictate their value. As for security, he amount of resources that companies like Google are spending researching on quantum computing will never be utilised for crypto currency. If even now there super computers are not utilised for mining what makes one think that they would dedicate an expensive research tool towards a limited market like crypto currency when they have bigger issues to address to stay ahead of competitors like Amazon and Microsoft?

Bitcoin strikes a good balance between anonymity and ease of use. It is not perfect but it is way ahead of any other option. Different applications can be tailored for different altcoins but such customization comes with associated pitfalls which may be worse than supposedly in Bitcoin. E.g anonymity coupled with lack of exact number of coins in circulation.

Don’t offload. Wait after the holidays