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Topic: A warning about Alt-Coins - page 83. (Read 901727 times)

sr. member
Activity: 340
Merit: 250
December 02, 2013, 04:12:20 PM
Could anyone explain why do most of the Crypto currencies rising in value? Except of course BTC LTC NMC. Or is it pure speculation?

I think everybody wants to invest cheap coins what can be the next BTC. It's like lottery.
newbie
Activity: 1
Merit: 0
December 02, 2013, 04:02:21 PM
Could anyone explain why do most of the Crypto currencies rising in value? Except of course BTC LTC NMC. Or is it pure speculation?
legendary
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
December 02, 2013, 03:29:18 PM
" but nowadays even the biggest of the crap coins does well". Indeed, and that's why it's often better to mine a crapcoin and trade it for a decent coin Wink. BTC and LTC are decent, altcoins like FTC, DGC and TagCoin too in my opinion.
sr. member
Activity: 252
Merit: 250
December 02, 2013, 03:28:12 PM
bitcoin, litecoin or betacoin?
which one will make it?

Bitcoin and Litecoin are going to make it for sure. I don't even know what betacoin is but nowadays even the biggest of the crap coins does well  Roll Eyes
sr. member
Activity: 340
Merit: 250
December 02, 2013, 03:23:56 PM
I mine LuckyCoin and ZetaCoin. Also Quark is a good alt coin to start with.
newbie
Activity: 28
Merit: 0
December 02, 2013, 02:46:23 PM
Quote
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.

As the value of Bitcoin increases, people will naturally start looking for a more affordable alternative; this creates great opportunities for altcoins. While most will die out, getting into altcoins now may actually be a good idea. Having multiple cryptocurrencies increases the chance that the world will move to decentralized currencies, so we must do what we can to support them - just don't invest huge amounts of cash into them yet, they are mostly unstable at the moment.
legendary
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
December 02, 2013, 01:58:40 PM
Hm, if you want to hear my advice: Try DigitalCoin, TagCoin and FeatherCoin. Otherwise try LiteCoin.
newbie
Activity: 2
Merit: 0
December 02, 2013, 01:42:25 PM
bitcoin, litecoin or betacoin?
which one will make it?
newbie
Activity: 30
Merit: 0
December 02, 2013, 01:39:57 PM
Completely predictable

de quark price?
newbie
Activity: 6
Merit: 0
December 02, 2013, 01:34:59 PM
I would have loled at this , If I could stop crying.

Your argument would be served better by a real rebuttal rather than a veiled attempt at condescension.

From my position, I would argue that there is no such thing as a completely stable currency. With a currency like bitcoins that has an upper limit to the amount that can exist, you are going to continually (albeit probably very slowly) lose currency to factors such as lost wallets, hoarding, and the like. Without a small level of inflation you have, invariably, a small amount of deflation which is far more devastating. This is why virtually all national currencies aim for a 1-3% annual inflation rate.

TL;DR: 1% inflation > any amount of deflation.

Also the 1% inflation acts as a form of investment "interest" for the network. I wouldn't be surprised to see bitcoin monopolized by a cartel of ASIC miners once block rewards disappear. Network monopolization is the one thing that threatens to destroy a virtual currency. Nobody can argue against that.

With Peercoins the 1% gain by participating in the proof-of-stake network acts like a GIC, or T-Bill. It is the safest place to store your money and get a guaranteed return.
newbie
Activity: 4
Merit: 0
December 02, 2013, 01:32:58 PM
Holy cow, so I've been looking into litecoins for a while now.decided to try mining and suddenly every piece of hardware on the net is sold out. Wonder if difficulty is going to skyrocket
member
Activity: 70
Merit: 10
December 02, 2013, 01:16:57 PM
Completely predictable
newbie
Activity: 30
Merit: 0
December 02, 2013, 01:16:18 PM
what do you think about the quarks depreciation
newbie
Activity: 56
Merit: 0
December 02, 2013, 01:10:58 PM
Is the Litecoin perfect than Bitcoin? I means it can be mined with CPU!
GPU miners have moved to LTC Already if that's what you're asking
newbie
Activity: 1
Merit: 0
December 02, 2013, 12:46:46 PM
I can't believe that there is no way to fix the problem. I was mining for months, I gave a lot of money for electricity, I was living in room with a lot of noise and my coins have a big value today. I made wallet in April, put password on it and couple days after that a wrote it down but it doesn't work now, I am very, very desperate!

Is there no way to retrieve the data file from the client?

There are websites dedicated to finding out your wallet password if you know "some" of the password. http://www.walletrecoveryservices.com/
member
Activity: 81
Merit: 10
December 02, 2013, 12:40:04 PM
Is the Litecoin perfect than Bitcoin? I means it can be mined with CPU!
newbie
Activity: 34
Merit: 0
December 02, 2013, 11:20:47 AM
im not taking altcoins because they are not really- in my opinion- for the general public recognisable as much as  the real-ting named bitcoin,as believable as the real future way of storing and transferring money.... Roll Eyes
full member
Activity: 177
Merit: 100
December 02, 2013, 10:02:55 AM
I saw a forum topic that discus about the problem that I have. There are some people that can retrieve password but I can't write/post there. Can you tell me why I cant post there,I have 5 hours on this forum and some of them have 4 hours and the can post?
newbie
Activity: 16
Merit: 0
December 02, 2013, 09:56:08 AM
I can't believe that there is no way to fix the problem. I was mining for months, I gave a lot of money for electricity, I was living in room with a lot of noise and my coins have a big value today. I made wallet in April, put password on it and couple days after that a wrote it down but it doesn't work now, I am very, very desperate!

Is there no way to retrieve the data file from the client?
full member
Activity: 177
Merit: 100
December 02, 2013, 09:39:56 AM
I can't believe that there is no way to fix the problem. I was mining for months, I gave a lot of money for electricity, I was living in room with a lot of noise and my coins have a big value today. I made wallet in April, put password on it and couple days after that a wrote it down but it doesn't work now, I am very, very desperate!
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