Topic: A warning about Alt-Coins - page 103. (Read 901725 times)
I love alt coins.
I love them.
I especially love ixCoin as you can see by my alias. That will be the next Bitcoin.
Not much longer now.
Almost all of the alt-coins out there are going to be a waste of time. They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.
Be careful about wasting time with too many alt coins.
Be careful about downloading files, seems like there's plenty of wallet stealers around hidden as alt coin miners.
Seen some more of this recently, so wanted to highlight the point.
Here's some good info from later in the thread:
Be careful about wasting time with too many alt coins.
Be careful about downloading files, seems like there's plenty of wallet stealers around hidden as alt coin miners.
Seen some more of this recently, so wanted to highlight the point.
Here's some good info from later in the thread:
1) Don't just trust the status of a member, anyone can write 500 posts and be a hero member in a short period. This just means that he invested some time on his membership. He can always decide that a profitable scam will be a good payment for his time.
2) Never deal with anyone without doing a search in the forum with his nickname, in order to check if he has scam accusations.
3) Ask for his coin address and always search it on blockchain.info or www.cryptocoinexplorer.com to verify if his address has the amounts he is claiming.
4) Be very suspicious about proposals well under market price or if he accepts your proposal under market price with no negotiation.
5) Look for the reputation of the member (his successful trades, in the form of vouches from the other party on the deal).
6) Even if he has some reputation, never send all the money in one transfer: send one first very small tranche (0.1 btc might be a good start) and wait for his payment. Send a second little higher tranche and wait again, etc. Small increments, because he might decide to pay you the first and second, to scam a bigger tranche. Always suspect if he doesn't accept to trade in small tranches.
7) If he has no reputation (including most cases when he is a newbie or a Jr.), even small tranches are a risk. Better use an escrow system, like the one of bitmit.net, or a trusted member, or you might need to send over 10 very small tranches. It can be annoying, but loosing your money will be more.
8] For big amounts always use an escrow system, unless the member has an excellent reputation.
Since this thread is a sticky, I decided to post this here. Any moderator or member feel free to move, copy or improve these rules at will.
2) Never deal with anyone without doing a search in the forum with his nickname, in order to check if he has scam accusations.
3) Ask for his coin address and always search it on blockchain.info or www.cryptocoinexplorer.com to verify if his address has the amounts he is claiming.
4) Be very suspicious about proposals well under market price or if he accepts your proposal under market price with no negotiation.
5) Look for the reputation of the member (his successful trades, in the form of vouches from the other party on the deal).
6) Even if he has some reputation, never send all the money in one transfer: send one first very small tranche (0.1 btc might be a good start) and wait for his payment. Send a second little higher tranche and wait again, etc. Small increments, because he might decide to pay you the first and second, to scam a bigger tranche. Always suspect if he doesn't accept to trade in small tranches.
7) If he has no reputation (including most cases when he is a newbie or a Jr.), even small tranches are a risk. Better use an escrow system, like the one of bitmit.net, or a trusted member, or you might need to send over 10 very small tranches. It can be annoying, but loosing your money will be more.
8] For big amounts always use an escrow system, unless the member has an excellent reputation.
Since this thread is a sticky, I decided to post this here. Any moderator or member feel free to move, copy or improve these rules at will.
What are the safest alt coins? (minus LTC of course)
I keep thinking of other first-to-market internet phenoms, like AOL, MySpace, Napster, etc...but BTC does feel a bit different.
Its a miracle! I can post here! Wooooo!!!)))
just dont spam and they will not delete your post
I just wonder how many more posts do I have to write to be able to reply in other threads?
Any views on Zetacoin?
Zetacoin, IMO, does not bring much to the table other than block speed. I am uncertain if it will get a true market share or if it will be a pump/dump.
Edit: I had about 60k ZET and sold 50k at a profit so I held on to some just in case.
Its a miracle! I can post here! Wooooo!!!)))
Thanks 
Do we have a list of alt currencies and when they were started?
https://bitcointalksearch.org/topic/list-of-all-cryptocoins-134179
I mine with Guiminer
I mined with GUI, but more hash u can get with CG watcher and you dont need afterburner or some else overclocking program. U can do everything with watcher
What think you about the new TAG ?
Just thought I would share this thread, it's a post outlining the future of altcoins:
https://bitcointalksearch.org/topic/what-will-happen-to-your-favorite-alt-coin-321086
https://bitcointalksearch.org/topic/what-will-happen-to-your-favorite-alt-coin-321086
I mine with Guiminer
I wish there was a more simple client for Altcoins mining, i hate the Dos look mining software and lot of work to setup.
We nee a Bitminter for altcoins that can be used whit asics like butterfly-coin.
Simpel, install driver of your asic, choose your compatible altcoin and go!
We nee a Bitminter for altcoins that can be used whit asics like butterfly-coin.
Simpel, install driver of your asic, choose your compatible altcoin and go!
Try CG watcher
I wish there was a more simple client for Altcoins mining, i hate the Dos look mining software and lot of work to setup.
We nee a Bitminter for altcoins that can be used whit asics like butterfly-coin.
Simpel, install driver of your asic, choose your compatible altcoin and go!
We nee a Bitminter for altcoins that can be used whit asics like butterfly-coin.
Simpel, install driver of your asic, choose your compatible altcoin and go!
Why nobody like MEG (Memorycoin) ?
It´s very easy to mine.
It´s very easy to mine.
lol very easy...
what you get if you have 1000 of something that is worth nothing
Why nobody like MEG (Memorycoin) ?
It´s very easy to mine.
It´s very easy to mine.
Do we have a list of alt currencies and when they were started?
yes u have somewhere on forum
Do we have a list of alt currencies and when they were started?
try multipool and it will mine most profitable that moment
Thanks for sharing, but it give me lots of reject shares...
reject share u get when they are changeing to another profitable coin, i guess.
Jump to: