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Topic: A warning about Alt-Coins - page 122. (Read 901725 times)

legendary
Activity: 1316
Merit: 1003
June 29, 2013, 01:03:25 PM
You all know that any altcoin is subject of manipulation.
But maybe thats exactly why you are into them. Wink
member
Activity: 99
Merit: 10
June 29, 2013, 10:24:39 AM
litecoin is the only other alt coin i would considered right now.
newbie
Activity: 2
Merit: 0
June 29, 2013, 08:33:52 AM
I somehow believe in YAC though...
newbie
Activity: 2
Merit: 0
June 29, 2013, 08:33:26 AM
Only litecoin and bitcoin has some real value, because you can actually buy something, the others only have speculated value.
newbie
Activity: 17
Merit: 0
June 28, 2013, 09:39:17 PM
 So what is the best alt coin to invest in right now? I'm thinking nmc or litecoin.
newbie
Activity: 12
Merit: 0
June 28, 2013, 09:37:02 PM
Hi everyone! Can abybody tell me how to see the current difficulty of alt-coin through the client or any other way?
newbie
Activity: 2
Merit: 0
June 28, 2013, 09:33:59 PM
Altcoins are like penny stocks. A few succeed, the majority are worthless. That's what most day traders do to make a buck.
newbie
Activity: 2
Merit: 0
June 28, 2013, 09:29:32 PM
The only reason I switch coins is because of a combination of a low difficulty + value against the BTC.  If I end up with a usb asic miner or the BFL miner I've been waiting on, I may take on a higher difficulty coin. 
newbie
Activity: 3
Merit: 0
June 28, 2013, 09:28:31 PM
I think lite coin has a long way to catch up with bitcoin since the computation requirements are very different and the same infrastructures might not work well for lite coin. At the same time, I think lite coin is going to be a better digital currency compared to bitcoin since the generation is harder and more balanced in terms of hardware requirements.
newbie
Activity: 3
Merit: 0
June 28, 2013, 09:28:05 PM
You should consider the khashs and difficulty when choosing an alt.

When bitcoins aren't profitable then you should stick with your current crypto-currencies.
Maybe you should mine some low difficulty currencies to catch some value
newbie
Activity: 18
Merit: 0
June 28, 2013, 05:55:27 PM
yep most alt coins are just quick pump and dumps! it's sweet when you can get in early and dump on all the fools, but you know, feels sort of crappy knowing that it's pretty much a ponzi scheme
newbie
Activity: 15
Merit: 0
June 28, 2013, 05:54:13 PM
The only thing good that I see about the alt coins is that they are easier to get nowadays that bitcoins. Less people mining, so more possible profit in the future for the ones that do it.
newbie
Activity: 20
Merit: 0
June 28, 2013, 05:49:59 PM
I only use Bitcoin and Litecoin wallets, all other altcoins I just withdraw from pool to BTC-E/Cryptsy.
newbie
Activity: 19
Merit: 0
June 28, 2013, 05:48:35 PM
Feathercoins is really interesting. The developers are creating many sites and support for it, the only requirement for getting a coin popular is getting people to use it.
newbie
Activity: 8
Merit: 0
June 28, 2013, 05:44:46 PM
Wouldn't people just switch to another alt coin as the price would be so low that miners would see no profitability in mining? It would take a REALLY dedicated community to bring it back from the dead.
newbie
Activity: 21
Merit: 0
June 28, 2013, 05:35:28 PM
Wouldn't people just switch to another alt coin as the price would be so low that miners would see no profitability in mining? It would take a REALLY dedicated community to bring it back from the dead.
newbie
Activity: 8
Merit: 0
June 28, 2013, 03:41:46 PM
Coin with future is PXC!
newbie
Activity: 33
Merit: 0
June 28, 2013, 03:31:36 PM
I Wouldn't undermine the importance of variety, new opportunities and independence.

There seems to be a need for a sort of "monetary" global exchange and for alternatives to deposits of value.

To my opinion more emerging crypto-currencies will open new mining opportunities and interesting future trends will develop. Off course there will be scammers, fake people and empty "alchemists" like in all times. Everyone should definitely be on the watch and inform oneself deeply before taking any steps into any of these vortexes.
hero member
Activity: 546
Merit: 500
June 28, 2013, 10:51:28 AM
The only alt-coin I have faith in is Litecoin.

I have about 500 LTC stashed away in the hope that they someday become the silver to bitcoin's gold. 

Saw a little spike in value with yet another rumor about LTC being available on MtGox, but then everyone lost patience and it's back down to around 2.5 USD again.

Long way to go before I make up my losses, since I bought in at 3.8!

Why the predeliction to mt gox for trading?  Other exchanges are way more flexible and will allow trading other alt-coins.  I like Virucurex the best.  coin "A" to coin "B" to coin "C" to "USD" if I want.  https://vircurex.com/

Yep, mt.gox is a fiat<->btc exchange (when you can deposite USD, that is). There are plenty of established altcoin exchanges. Btce and Vircurex have worked well for me before.
newbie
Activity: 58
Merit: 0
June 28, 2013, 06:31:14 AM
The only alt-coin I have faith in is Litecoin.

I have about 500 LTC stashed away in the hope that they someday become the silver to bitcoin's gold. 

Saw a little spike in value with yet another rumor about LTC being available on MtGox, but then everyone lost patience and it's back down to around 2.5 USD again.

Long way to go before I make up my losses, since I bought in at 3.8!

Why the predeliction to mt gox for trading?  Other exchanges are way more flexible and will allow trading other alt-coins.  I like Virucurex the best.  coin "A" to coin "B" to coin "C" to "USD" if I want.  https://vircurex.com/
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