Topic: A warning about Alt-Coins - page 127. (Read 901725 times)

When I say that devcoin is different, it is because it has a much greater potential to building an real community around DevToMe and Devcoin, a community that cares about the future of devcoin. This is due to the fact that Devtome takes care of its "developers" (e.g. writers, programmers, administrators) by "donating" to them (paying them) in devcoin. This idea is contagious, as we have all witnessed. If the people working for devtome care about making their work valuable and keeping it relevant, they are going to promote the shit out of devcoins and try and raise the price so they can sell their earnings for more.

People are saying there aren't that many writers right now, but they have doubled in the past month, and last month doubled from the month before. Look at the "Devtome Earnings" from each of these. Look at the number of writers and number of shares:

https://github.com/Unthinkingbit/charity/blob/master/account_24.csv
https://github.com/Unthinkingbit/charity/blob/master/account_23.csv
https://github.com/Unthinkingbit/charity/blob/master/account_22.csv

Devcoin is blowing up. It sucks because we aren't getting as much as we could out of a share, but in a way it can be seen as a good thing. Devcoin has more promoters now. People are never as interested in a coin if they do not hold it in their wallet, once they have a bunch, it's in their interest to talk about it a ton and try and get people interested in buying them.

So, the drawing factors of devcoin are as follows:

-Empowers creative people to take part in crypto currency
-Extremely cheap transaction costs. If you want to send a bitcoin and make sure the person you are sending to receives it within the next 6 blocks, it costs .0005BTC. If you want to send devcoin on the same pretenses, it costs 1DVC. The difference is monumental (especially if you have a high volume of transactions per day/week/month)
-Devcoin is merge-mined with Bitcoin. This means that as long as there is someone mining bitcoin, there will be someone mining devcoin. Therefore, devcoin will never die as long as bitcoin is up and running.
-Devcoin is one of the oldest alternate currencies, and is highly trusted as a secure currency.
-Regulations are being discussed, soon there are going to be rules to keep people from fucking over all the other developers of devtome, and people are going to be earning a fair amount of devcoins per share. This should come soon, and make devcoin more difficult to acquire (because you'll actually have to work to earn it), organically bringing the price upwards.

Once more people learn about devcoin and its value in the crypto market, there's no way it can't go upwards; even though it is designed to be 1/1000th of other alternate currencies, we're nowhere near that amount. Those who acquire devcoin now will have a pretty impressive ROI.

Auto payout is broken.

Manual pay out works.

they will be by next year this time 5$ each. That is my prediction.
Stop by feathercoin.com. They have a lot of giveaways.

i've bought a few while they are low hope they do the same thing as ltc

Feather coin has a great community, I don't want to say to much
Other than I am buying as many as I can get... Winning..

well I disagree
we need some alternative currencies but it have to works on foreign system than Bitcoin

Price of Bitcoin is backed up by growing economy, and it potential to change the financial world. Price of alts is backed up by some speculators that want to buy them in hope of making profit, by selling alts to other speculators. No real economy behind them.

Most alts are similar to fiat in these case. Their value is backed up ONLY by faith.

I tend to agree

whats so funny. People love to rationalize the situation they think they understand and can put into perpective why a market falls or rises. The fact is ltc is the closest slv to
gld and there is always a slv to gld to the other guy who was complaining that y do we need a slv to gld for cryptos its more phsycology than innovation at that point y do u think ltc price is correlated to btc?? Any guess??? hmmmmmm

its complicated to invest in alt-coins.....its already a lot of work because there is a lot of things to read about....predictions, tecnical information, etc.

rofl

Ltc should be back up to 4 by Sept.

Neither at the moment.

Whats better, ltc or ftc??

There is one main parameter I am watching for Altcoins: the potential for growth to reach BTC parity, taking into account the total amount of coins to be issued. This can be calculated as the ratio of market caps (Cap) :

Cap_Bitcoin / Cap_Altcoin = (BitcoinPrice * 21 million coins) / (AltcoinPrice * total coins to be issued)

The rationale behind this ratio is that when, say, all litecoins and all bitcoins have been issued, both coins are on par when their total market value is equal. The public has then invested equally in both currencies. Bear with me...

According to this ratio, Worldcoin currently can grow about 600 times to catch up with Bitcoin, Terracoin 300 times and Namecoin 200 times. On the other hand, Ripple has already maxed out at about 1.4, PPC does a lousy 10, and CNC and FTC "only" reach 100. Now even if Litecoin scores a low 10, it obviously is much older and mature, has a consumer market building up and proved to be honest so far (no premining, etc.), so Litecoin still compares favorably with other Altcoins.

Here is my take: I just had 22 bitcoins before the boom, so all the expensive bitcoins I buy from now on get converted straight away into Altcoins, building a balanced portfolio of high potential, seemingly honest coins. Spreading the risk on several Altcoins, if one tanks but another grows 10 or 100 times, I am still largely winning.

I expect at least some Altcoins to later catch up with their BTC elder brother. Why?

• Historically Bitcoin fluctuations are strongly amplified on the Altcoin markets. So if BTC jumps, the others will take off even faster.
• Conversions between cryptos are super easy and fast, unlike entering the market with fiat money.
• New tools like the Metalair p2p exchange, Zerocoin anonymizing or advanced wallets will soon be available for all cryptos, leveling the playing field.
• Altcoins will still allow smaller players to access Cryptoland. They, like me, will be ready to take more risk as they don't have anything to loose (yet).
• People from poorer countries that mainly do microtransactions will favor "softer" cryptos, with a larger total emission of coins and lower prices. Read CNC=China and WDC=India.
• If there is a hostile attack on cryptos, BTC will be the prime target, and Altcoins may be able to implement protocol changes before they even get hit. This gives Altcoins a safety hedge compared to BTC.

So I am quite confident that if BTC grows crazily, there automatically will be a mass transfer into Altcoins.

Conclusion: select high potential coins and spread the risk.

I think the only other one worth looking at is LTC and even then its a stretch. Why do we need a second cryptocurrency? Maybe when this is mainstream it will have its uses.

And for sure i only see two possible alternatives right now - LTC and NMC - no one cares about others so don't bother with mining...

Just check every possible coins - dustcoin.com/mining. As always bitcoin is the crypto currency which is the most profitable.

Bitcoin is the main big one I dont see the point in having any others. Everyone uses bitcoin if you buy some new obscure coin what can you do with it?

Whats worth taking a look at?