Topic: Are Altcoins the new "Penny Stocks" ? Will they take over Wall Street? - page 2. (Read 4334 times)

Right. 

Not to mention that just like companies can be bought out and shares can have buy-backs; what is stopping companies from buying out these "Penny coins".

Indeed. Altcoins also have their value and purpose that is why they are established and put into usage just like what many have done in bitcoin. Altcoins must not be underestimated because their value is also cost a worth. They maybe called into "Penny Coins" not shitcoins because altcoins can do have their own use.

lol, i think you mis-read my comment and i wasn't being a troll, scroll up abit more to see who wrote that comment. I was just quoting.
calm down

So, are you pennycoining these days?

The comparison is mind bendingly stupid to the point of fraudulent.
And who is saying it ?
Nobody of any importance.
I shut up all the others saying this in 2013.
I've heard it all before..
Now NOOBS show up and play the same tired old cliche'd dumb fuck retorts.
Little defense speeches why some shitcoin bullshit is legit or "like" some other thing with vague legitimacy.

Being like "Penny Stocks' for starters is a bad thing dimwits.

Want me to go on ?
Well i will anyway.. why ?
Simple because you are predators ruining crypto.
Don't sit there and pretend you give two shits about this stuff.
All you do is run scammy bullshit for profits then rail on about how much each coin is worth and how to profit off them..
..an nothing else at all.

Notice anything in this forum section ?
Every single comment is centered around idiots talking about profits.
Nobody is talking about what the thing is..
Which in the case of ICO's is *ALWAYS* some alternative use "scheme"
..that is not even a fucking god damn currency  

Dumb cunts push the scam coin BlockNET for example because they says specifically it will be worth more later eventually.
yet no one is here talking about using BlockNET because they like the intended purpose of it.

You see chucklefuck investards you are TRANSPARENT.
You *ONLY* talk about your little ROI's.. nothing else.
So you can't even try and deny it either.

Which makes all these silly Crowd funded kickstarter pre-sale ICO faggotry "tokens" nothing but money making schemes.
In.. and here is the kicker !
Preying on the stupid, the poor and the vulnerable ...such as CHILDREN.

None of you have a fucking shred of class or decency or integrity.
You are worthless pieces of shit i would gladly push in front of a bus if i had the chance.

I seen a kid here once say he borrowed 5 grand of his mom the last time this crap blew up in popularity.
..he bought NMC high and was trapped.
After many months WAITING HODL he created a topic asking us all what to do.
You all lined up to tell the kid rudely he's a fucking loser go fuck yourself and sell for a loss.
His mom was harassing him for the money back and he didn't know what to do.
he was a foolish child for fuck sakes.
And do you fucking worthless profiteers give a fuck ?
Nope.
You rudely insulted him and lined up to laugh at him.. literally.

Fuck your little scammy ass ICO ROI's.
And you get the fuck out NOOBS.
I was here way before you.. so why do i have to leave if scammy noobs pile in ?

Get your shit together or suffer the consequences.

This is like Penny Stocks ?
If so.. half of crypto would be in jail for the same thing Martha Stewart was.
Who in crypto is our Bernie Madoff ?
You profiteers can blow me with you bullshit scammy analogies to justify bad behavior.
Well.. you can blow me when you are of age.
Since many of you are under 19 then i don't want to advocate pedophile behavior now do i ?  

I love coming here and getting lectured by little shits who just got here.
I have had steak in my colon longer than half you little brats here have been alive.
You wanna show up here and wiggle your little dick holsters around chanting the merits and praise over scammy bullshit ?
Then your gonna get some "angst" dumb ass's.

Oh and there is more.. but you little shit millennials have ADD so.
So go to your safe place and have a good crypto-cry about the FUD and prepare for a fucking FUD beat down you can not prepare for.

What are gonna do ?
Line up with NOOB accounts to chant i was here since 2012 ?
Then quote me with a snotty remark about me being angry ?
WOW how mutha fuckin' creative.. never seen that in my 4 yrs here  

I like this idea!

@ heroinme

Don't be a troll.

@ heroinme

Are you angry because "your coin" is doing so poorly?  

For your information, I purchaced Litecoin through moneygram back before the government started cracking down on vendor's selling bitcoin through moneygram.  

I was known as "usscfounder" - My email was [email protected].  In 2014 the Feds [FBI] shutdown Tormail and confiscated their servers.

After the raid I lost all my accounts that used that email address - including the one on bitcointalk - so I created this account afterward.  I also lost litecoin on several exchanges when I got locked out my accounts (couldn't do email verification)

I am now invested with FootyCash which is far better than my investment in Litecoin because with FootyCash I now own a larger percentage of a whole cryptocurrency like the Winklevoss twins [there are only 4 million FootyCash coins].

lol, that's alot of angst against altcoin but then again, i cant fault you considering the amount of nonsense in the market. I do see some good potential altcoins out there but these are far and few in-between and i guess you need to do abit of homework before plowing your money into the "game".

I wonder if there is a way for altcoins to be represented in the company share structure, for example if the altcoins are "protected" by a trust which has a very clear mandate (irrevocable) to distribute the wealth or profit to the altcoin holders via buy-back program or distribution.

No you didn't.
And why are you "member" status then ?
Abandoned your other account for some reason ?
I also suspect i know who you are too.. and no that is not a good thing.
You are like a cock roach here in crypto.

Why ask a stupid question with the topic here ?
Did you even Google search what exactly a PennyStock is technically ?

I love how you guys piece fit the definition to suit your needs but ignore the rest that don't match.
You "need to get paid" the OP said to me here before using one of his other MANY accounts.
So you *NEED* to legitimize this silly bullshit.. to get paid.
Which means ignoring all the parts that are NOT "Like Penny Stocks"
Like ?
Well one is suppose to be a currency.
If it is not a currency then it is a scam.. there i no such thing as a token or asset.
These are not stocks.. so your comparison is dead in the water.
The US dollar or CAN dollar is not a penny stock.. and neither are these.. they are scam coinz for profit.

Further more there is strict laws, rules and guidelines for penny stocks.
In crypto ? NONE.
What makes a penny stock ? Regulations.

There is 0 legitimacy in any Altcoin shit aside from a couple old fair launched coins.
The rest of this shit is silly ass retarded scammy faggotry and you all know it too.
But you loiter around trading them for profits and trying to legitimize them by calling them "PennyStocks" simply to profit off them.

I bought Litecoin when it was $0.03 USD.

Has anyone made a lot of money off a coin you paid less than a penny for?

Has anyone made money off of an altcoin you paid less than $0.10 USD for?

Yes to me it has become a new penny stocks. You have to know how penny stocks work for you to really understand how Altcoins market works. We should not look for big knowledge carrier to explain to us how Altcoins and penny stock are the same in trading rather we need to know that penny stocks can give 5000% return in just a month like wise altcoins.

I think its highly unlikely SEC can regulate these coins in the near future for one simple reason, the exchanges are not regulated and ICO can be "based" in almost any country. Singapore seems to be a popular country for this. However, if you notice, some ICOs actually restrict not just US citizens but also Singapore Citizens coz of the crowdfunding regulations in Singapore.

The other way I see regulators coming in, would be the restriction on transferring of fiat currencies, once ETH/BTC are collected from ICO, "cashing" out into fiat currencies could be challenging if authorities steps in on the pretext of Anti-Money Laundering controls.

I agree.

With the "Penny Stock" altcoin I invested in - FOOTYCASH (FOOT),  I turned $30.00 USD into $3000.00 USD in less than a month.

Does anyone else have similar stories?  

What "Penny Stock" altcoin did you make money from, and how much?

Absolutely, yes. The biggest opportunities for profit, also the most dangerous.

If you are asking about if there is a thing that can be called a shitcoin, there are tons of them out there. One good example of a shitcoin is thebillioncoin or TBC for short. Shitcoins are typically coins that have shit ideas or coins that have been abandoned by it's developer for a long time and can't be tradeable for even a satoshi.
At some point like you think, SEC will start regulating cryptoworld, and the ICO's. Even if it will not happen soon, it will happen in the future but I think it is impossible for them to fully regulate cryptoworld.

I have the same feeling just like you, but there are many difference between the stocks and the altcoins market both in technical and market behavior. And I think there is a hard way to achieve this goal.

I think so, but there is a long way to achieve this in my opinion. The alt-coin market is a high risk market with too many scams and security issues, and we need to solve them.