Topic: Are altcoins, in general, worthless and pointless? - page 2. (Read 3567 times)

for once, I wasn't thinking to the bobcoins but rather some genuine newbie coin... which gets abandoned after 1 or 2 months because nobody cares and/or he found a new hobby...

From all the altcoins only less than 1% is serious and brings innovation so it has a chance to a bright future actually. Look for those build on top of Bitcoin with serious devs with connections, ambition and some deep pockets.

you can always do that, doesn't cost anything...
but good luck sincyng your wallet in a few years (took 2 days to sync jpc wallets after 2 months without syncing)

You might also have some surprises: the coin getting swapped (and/or taken over by some dude) while you were expecting to just let them sleep...
(happened to me with MRC, 36M coins lost... many I bought actually)

you might have some good surprise, but if you mined millions of shitcoinA by AnonDevA and the coin never took off, there is little chance it will in 3 years (especially since the dev will most likely stop developing after 1 month...)
And the main problem now, is that there are people who want to take over dormant coin (supposedly for the community) and who will probably change everything, making the coin in your wallet completely useless... happen too often at the moment.

What you say might work only for coin which have a strong dev team, very active etc... (so not the usual shitcoin...)

edit: and actually this is probably another reason why so many coin gets release, some dev think that some random coin, will become the new bitcoin while they are not doing anything... this really not the way how things work... (it didn't work this way for bitcoin, nor for any successful coin... randomness still have some limit)

As i said a few posts here before. I keep all my altcoins for a few years and see what happened with them in the future. If there is only one good one between them, i have luck. If not, so it is.

Crypto is in experiment stage.

In 10 years..only few crypto will survive.

People who profited most from bitcoin were the ones who bought it 2 years ago before price boomed to $1200. We have handful of altcoins who're only one year old.

Only time will tell the rest.

It's never bad idea to throw some change in altcoins you believe in because you never know what will happen in 10+ years.

Some people with altcoins make a great profit - they know which altcoin to buy and sale 

I think this is exactly how some altcoins will survive; (near)zero barrier to entry. A coin like this can be distributed to new users with relatively low cost, and used to educate the masses and put cryptos right into everyday peoples' hands. With the right distribution model combined with an actual use outside of buy/sell/trade, an altcoin can become very relevant, even thrive IMHO.

Exactly.

If 1 of your coins ever becomes 10% of the small thing Bitcoin now is, you'll be a millionaire.

I find altcoins as well great. I have a lot of them and i've never sold one of them. I'll keep them all and i will see within a few years where they are. If they are still alive or dead. Maybe there is one good one between them. You never know. Bitcoin also started very low and look now.

Altcoins are great.

They allow experimentation and learning about consensus networks.  They are worthless which is also great becaues it gives us freedom to play with things.  If you are in it for the money you are claiming your life is also worthless.     

most of altcoins are garbage, but some of them are really innovative

Altcoins are certainly not worthless and pointless. They make a few on the inside a lot of money. 

Yawn, as if bitcoin isn't an alternate currency and also a cryptocurrency

Blah blah blah this coin and this coin will be worth 3 cents max let me tell you exactly what will happen in the future blah blah blah

If mtgox blah blah blah then quite frankly blah blah blah doesn't deserve to blah blah blah

I've already made more than 3 cents on the coins Poloniex delisted, so your prediction is already wrong.  But I can tell you some things that will happen in the future: 

#1, the U.S. dollar and many other fiat currencies will continue to be worth less, year after year.  The price of all surviving cryptocurrencies will therefore likely rise, even without the other deflationary features of the coins.

#2, some currency will be thousands of times bigger than Bitcoin currently is.  Maybe the dollar, or Bitcoin itself, or another coin, but the plain fact is that Bitcoin is almost nothing right now compared to the money being spent every day by 7 billion people.  So for an altcoin to surpass Bitcoin would only require that coin to be something 99% of people have never heard of, instead of 99.9% like Bitcoin.

It's actually kind of funny to see someone get this defensive about their bad investments, but I feel I should be able to clear up a lot of your misconceptions.

1. This is not an altcoin forum. It is an altcoin subsection of a Bitcoin forum hence the name bitcointalk
2. If all altcoins die out this forum does in fact have a future, it's called bitcoin
3. The altcoins that get thrown away aren't the coins that will allow you to make millions, maybe 3 cents max
4. If being removed from one of the many exchanges kills a coin then quite frankly it doesn't deserve to be alive

OK, you put $100,000 in escrow and I'll put in $1.00 for each coin.  Whoever is right after 3 years gets all the money.

While you're doing that, I'll still be buying some coins.  I'll put more than $1.00 in the best coins, but I'll still put $1.00 in the long shots.

BitShares, NXT, Ripple, Stellar, Counterparty and possibly MaidSafeCoin could all have real utility in the next year.

Lol, i dont think you choose right way to pick the wining horse. If you want to cover all there are more then few 1000.

Pick the best, with:
-bringing something new
-good developers
-solid community

Maybe you will not need to have more then 20 wallets.

I've already bet a dollar on 100 different coins, and no wager with this guy has the potential to pay out like those investments.  Unless you want me to put $1.00 in escrow, he gets it if my coin never reaches Bitcoin levels, or he pays me $100,000 if it does.  Anyone who won't give me those odds can save your breath about how I'm stupid to take those odds on the exchanges.  It's my dollar and you're not offering me a better way to spend it.

Enjoy your $5,000,000 pizza, and I'll enjoy my $1.00 crypto lottery tickets.  I'm not even saying don't buy the pizza, I'm just saying it won't kill you to save at least one pizza's worth of coins, just in case.

http://abcnews.go.com/Technology/bitcoin-pizza-day-pies-now-worth-million/story?id=23824128

One approach you might consider is to make an equal dollar bet on the
top 10 to 20 coins by market cap and leave it at that ..

Triff ..

Yes, that may seem unbelievable, but I'll also be fine if I lose the other 2 dollars too.  I still have some other dollars that I didn't spend on altcoins.

Please feel free to come back to this thread in 3 or 4 years, and if none of my altcoins ever brought me $10,000 profit then I'll admit you were right and I wasted my time and my hundred dollars.  Well, it's less than a hundred now since I've already sold some percentages of some coins at a profit, but I may even spend another hundred. 

And then the other day when Bitshares PTS turned my 150 coins into 85,000 coins, I sold 1800 of them for about .8BTC.  Oh, I guess that means the other 99 altcoins are paid for, maybe you don't need to come back in 4 years since I've spent a total of nothing.  And I still have the rest of the coins.  It was fun seeing my account value increase by 32BTC overnight, but it didn't last long.  Of course, if there were a lot more people on the exchanges, say in 3 or 4 years from now, something like that could go a lot bigger.

But then, if BTC continues to go up in price, that .8BTC could already have made me a thousand dollars.  But I'm sure you already know exactly what will happen, and - let me guess - it's not that?

And, for example, if Curecoin even approaches its launch price, which some people already paid and believed it to be worth, then I've been making over $100 a day for the past 3 months.  So that adds up to...I guess it would be about $10,000.  Of course maybe Curecoin will never see that price again, and I'll be stuck with the fact that all I did was help cure cancer, Alzheimer's, Parkinson's, Huntington's, diabetes, and blindness.  I guess them's the breaks.

Anyway, enjoy your 2 pizzas.  Hope they were worth 5 million dollars each.