A warning about Alt-Coins - page 89.

hilariousandco

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Quote from: PenAndPaper on November 29, 2013, 08:13:48 AM

Quote from: coins101 on November 29, 2013, 03:24:10 AM

I watched two eBay auctions end of few days ago with final sales of 20 and then 30 LTC coins go twice over the official exchange displayed rates.

Isn't selling coins on ebay risky. I mean you can chargeback on ebay like paypal can't you?

Yes it is, but sometimes it's worth the risk because the mark-up is so huge. I bought all my first coins on ebay with paypal and was happy to pay a little premium for the ease of getting them without doing bank transfers and going through exchanges. I also liked that if I got scammed, I would be able to get my money back. Thankfully that didn't happen.

85dfa0525

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Buying LTC on eBay can be risky if you are dealing with sellers with low feedback score. I remembered I won the bid on 10,000 infinitecoin and didn't get nothing in return

PenAndPaper

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Quote from: coins101 on November 29, 2013, 03:24:10 AM

I watched two eBay auctions end of few days ago with final sales of 20 and then 30 LTC coins go twice over the official exchange displayed rates.

Isn't selling coins on ebay risky. I mean you can chargeback on ebay like paypal can't you?

coinscoinscoins

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Quote from: coins101 on November 29, 2013, 03:24:10 AM

Quote from: Samir_H on November 28, 2013, 12:49:52 PM

What do you think how high LTC is going?

I watched two eBay auctions end of few days ago with final sales of 20 and then 30 LTC coins go twice over the official exchange displayed rates.

I think there is a lot of speculation driving it up, but the people buying are doing so because (maybe):

1. they feel they can't afford to get into BTC.
2. they feel they have missed the boat on BTC.
3. LTC looks cheap compared to BTC and it might go to $1,000 soon - which it might at this current rate.
4. existing players feeling priced out of mining and turning to other coins
5. people in some countries, like the UK, can't access exchanges to buy so they look for other more expensieve ways to purchase

Good points! One thing also could be that people don't trust bitcoins anymore as a real and stable currency, because of the radical changes in the price.

Marko69

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Nice writing.. thanks!

PenAndPaper

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Quote from: wesleyh on November 29, 2013, 04:25:55 AM

Is there any software (preferrably for mac), that can accept wallets of any kind? It's frustrating that you have to have a wallet software for each and every altcoin separately.

I think electrum might introduce a litecoin wallet some time in the future so it's a first step for a wallet with multiple coin support.

azguard

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No, but I believe developers are working on 'multiwallets'. They probably won't be able to hold all coins, but some of the most popular ones.

I hope so that this will come to see a day light. This will be great if that come in next year perhaps.

hilariousandco

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Quote from: wesleyh on November 29, 2013, 04:25:55 AM

Is there any software (preferrably for mac), that can accept wallets of any kind? It's frustrating that you have to have a wallet software for each and every altcoin separately.

No, but I believe developers are working on 'multiwallets'. They probably won't be able to hold all coins, but some of the most popular ones.

wesleyh

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Is there any software (preferrably for mac), that can accept wallets of any kind? It's frustrating that you have to have a wallet software for each and every altcoin separately.

coins101

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Quote from: Samir_H on November 28, 2013, 12:49:52 PM

What do you think how high LTC is going?

I watched two eBay auctions end of few days ago with final sales of 20 and then 30 LTC coins go twice over the official exchange displayed rates.

I think there is a lot of speculation driving it up, but the people buying are doing so because (maybe):

1. they feel they can't afford to get into BTC.
2. they feel they have missed the boat on BTC.
3. LTC looks cheap compared to BTC and it might go to $1,000 soon - which it might at this current rate.
4. existing players feeling priced out of mining and turning to other coins
5. people in some countries, like the UK, can't access exchanges to buy so they look for other more expensieve ways to purchase

ErebusGaia

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Do NMC have a promising future or should I exchange them for btc/ltc now? I am asking because cex.io mines nmc and btc (along with a few others). Also, what is the recommended exchange for altcoins (is Cryptsy good?)?

azguard

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Read little now china is manipulating with LCT that's why is lowing and upping for all coins

BoneCollector

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LTC ! Very interresting...

azguard

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By this rate currently LTC dropping FTC growing PPC is standing still NMC rising

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Quote from: mladen00 on November 29, 2013, 12:33:03 AM

ANC is giving something that BTC or LTC or others crypto dont have:

from anoncoin.net:

""The coin cannot be stopped by central banks, or governments.

This is is achieved by decentralization, combining the use of clearnet, invisible web, and services. If the coin is being used on i2p or tor there is no way to identify who is operating the nodes and clients. This will in turn enable the production of new, better anonymous services.""

this is very interesting dont you think

Any coin that provides wallet software for non Open Source operating systems can hardly be considered anonymous.

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Quote from: mladen00 on November 29, 2013, 12:33:03 AM

ANC is giving something that BTC or LTC or others crypto dont have:

from anoncoin.net:

""The coin cannot be stopped by central banks, or governments.

This is is achieved by decentralization, combining the use of clearnet, invisible web, and services. If the coin is being used on i2p or tor there is no way to identify who is operating the nodes and clients. This will in turn enable the production of new, better anonymous services.""

this is very interesting dont you think

Heh - at least they've called them 'darknets' which was the original term until some tosspot (a group of them actually, mainly from 'anonymous' and bloody 4chan that got all excited over Tor a few years back (maybe 4 or 5 years ago - as ya get older time contracts) and started calling it dah deepweb; which for reasons beyond me took off in the mainstream. The term makes me ill to this day!

azguard

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ANC is giving something that BTC or LTC or others crypto dont have:

from anoncoin.net:

""The coin cannot be stopped by central banks, or governments.

This is is achieved by decentralization, combining the use of clearnet, invisible web, and services. If the coin is being used on i2p or tor there is no way to identify who is operating the nodes and clients. This will in turn enable the production of new, better anonymous services.""

this is very interesting dont you think

Yea for some alt coin it is interesting besides BTC or LTC there are few that might be in the game but also there are some that dont worth sh..

Maybe that coins that dont worth anything will be in future the ones that have big value. Who knows

mladen00

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K-ing®

ANC is giving something that BTC or LTC or others crypto dont have:

from anoncoin.net:

""The coin cannot be stopped by central banks, or governments.

This is is achieved by decentralization, combining the use of clearnet, invisible web, and services. If the coin is being used on i2p or tor there is no way to identify who is operating the nodes and clients. This will in turn enable the production of new, better anonymous services.""

this is very interesting dont you think

Jyselle

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My thinking on this, in theory, is similar to how Blu-Ray Discs and HDDVDs competed. Some were certain HDDVD would be the top competitor, but in the end it was Blu-Ray that beat out and became the accepted norm. Same with Myspace and Facebook, Youtube and Veoh in 2005, etc. There are so many examples of this.

I remember hearing about Crypto-Currency, specifically bitcoin, around late 2010 from another user on a forum I frequented.
I looked into it for a bit and loved the concept, but never bought in. I forgot about it pretty soon after. Lesson learned.

I am currently investing in BTC, but also in LTC.
Who will be the outstanding winner? I'm not sure yet.

Either way- the concepts are extraordinary.

coins101

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Quote from: gerrys on November 28, 2013, 07:56:53 PM

Well I'm hedging my bets as to which coin might or might not be best
by using multipool. At least my GPU's still have some use there.
I doubt I'll ever have enough return from them to afford to get into
any high end mining gear, but who knows - maybe one of them will take off!

LTC has taken off.

Has anyone tried combining resources to buy one big rig, come to some arrangement on power costs?

I have emailed KNCMiner today to go on pre-order of Neptune. I can afford it (if it is around what I expect), but only just. I am looking to set it up as a standalone and pool, but you never know.

That's assuming I get one.

Topic: A warning about Alt-Coins - page 89. (Read 901725 times)