[2014-08-27] New cryptocurrencies growing in popularity and competing with Bitco

DooMAD

legendary

Activity: 3724

Merit: 3063

Leave no FUD unchallenged

Quote from: cryptofan5 on August 27, 2014, 09:09:19 AM

I think the main purpose of all those currencies is to create speculative instrument, which, if traded on 2 or more exchanges, may have arbitrage potential also.

And also to serve as a testbed for new features and ideas. Although sadly that part tends to be overlooked in favour of the speculation side. It will be a shame when some great features get implemented in an alt, but everyone ignores it because someone dismissed it as another "crapcoin pump and dump". Everyone seems to forget that not every opportunity has to be a financial one.

cryptofan5

full member

Activity: 126

Merit: 100

I think the main purpose of all those currencies is to create speculative instrument, which, if traded on 2 or more exchanges, may have arbitrage potential also.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1011

In Satoshi I Trust

the silver of the cryptoworld will always stay Cheesy

epere

sr. member

Activity: 364

Merit: 250

http://www.cp24.com/news/new-cryptocurrencies-growing-in-popularity-and-competing-with-bitcoin-1.1976346

When Jay Su got into cryptocurrency in October last year, he rejected the popular Bitcoin in favour of a lesser-known alternative, Litecoin.

Bitcoin was on the rise that month, gaining mainstream attention and with one unit at a high of more than US$200, while one litecoin was at a low of US$1.11.

But the underrated aspect of the second-most popular cryptocurrency was exactly what appealed to Su.

Topic: [2014-08-27] New cryptocurrencies growing in popularity and competing with Bitco (Read 1084 times)