Author

Topic: Altcoins "Work" But to Get Some & Keeping Them Working.... (Read 392 times)

sr. member
Activity: 668
Merit: 257
Nextgen Financial Ecosystem
You make an important remark - IF this person knows enough to trade altcoins. There are people who bougt ETH for $12 and are now waiting for it to rise again, and they are waiting for months. Altcoins are not something you can give as a gift to your grandma. Time and education are needed for the next step of the evolution of the system.
hero member
Activity: 2618
Merit: 550
It should be painfully obvious that the mission was completed for the time being.  People in addition to Bitcoin have created something from relatively nothing.  After the cost of equipment and energy, the coins are minted.  Currently there are about 50 altcoins that people want.  If you give them enough, they will trade them for BTC and get fiat cash for them.  The possibilities for hundreds of thousands of people benefited by this system is only limited by one's altruism in teaching the needy about them. 

The question is, how to get them without paying fiat cash needed for bills, toys, charities, etc. and how to keep them working.



your definition of wanting as bit weird to be honest.
people don't want any of the altcoins, they just trade them in very short terms to make more money. that is all. so if anything they want money not altcoins.

and the possibility of profit is not for all the hundreds and thousands people who are trading these altcoins, the profit is only for a few who know how to survive in this market and the majority who are losing money consistently.

I mean they work because out of nothing if you offer someone 100 of any one of ten top coins that person would be a fool to turn you down.
That is, if that person knew enough to be able to trade them into BTC.  People don't hold fiat money for the sake of having rectangular paper money and non numismatic coins.  We would also call that person a fool.  All currencies are used for another utility.




legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
It should be painfully obvious that the mission was completed for the time being.  People in addition to Bitcoin have created something from relatively nothing.  After the cost of equipment and energy, the coins are minted.  Currently there are about 50 altcoins that people want.  If you give them enough, they will trade them for BTC and get fiat cash for them.  The possibilities for hundreds of thousands of people benefited by this system is only limited by one's altruism in teaching the needy about them. 

The question is, how to get them without paying fiat cash needed for bills, toys, charities, etc. and how to keep them working.



your definition of wanting as bit weird to be honest.
people don't want any of the altcoins, they just trade them in very short terms to make more money. that is all. so if anything they want money not altcoins.

and the possibility of profit is not for all the hundreds and thousands people who are trading these altcoins, the profit is only for a few who know how to survive in this market and the majority who are losing money consistently.
legendary
Activity: 2702
Merit: 1064
Juicin' crypto
WBB is about to undergo a major facelift/brand update and is about to be USED by major companies in the EU in a few huge industries.  FIAT will be involved, just watch 1ex.trade over the next 11 months... Wink  Cool

hero member
Activity: 2618
Merit: 550
It should be painfully obvious that the mission was completed for the time being.  People in addition to Bitcoin have created something from relatively nothing.  After the cost of equipment and energy, the coins are minted.  Currently there are about 50 altcoins that people want.  If you give them enough, they will trade them for BTC and get fiat cash for them.  The possibilities for hundreds of thousands of people benefited by this system is only limited by one's altruism in teaching the needy about them. 

The question is, how to get them without paying fiat cash needed for bills, toys, charities, etc. and how to keep them working.

Jump to: