I invest most of my "investment" money into Bitcoin. However, I also put a small percentage into ALTcoins each month. I figure it is worth the bet. Some may win, some may lose. I have a mindset that I will lose it all, and then I am not too fussed if they do in fact lose.
I must admit it is fun, and i really enjoy it. You only need one to take off and it will pay off huge! Risky and fun, thats why you should only invest a small amount if any.
The future looks like a lot of fun!!
Topic: Dangerous to invest in new Altcoins? (Read 6434 times)
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OneCrypto Ltd.
New crypto related site launching this month! We will have everything from a shop to guides, news and much more. Our members forum is intended to create a strong community around the site. We are UK based but ship worldwide. Original step by step guides to explain everything you need to know to get you into the crypto game!
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LAUNCHING THIS MONTH
www.onecrypto.co.uk
Twitter: twitter.com/onecrypto
Facebook: facebook.com/onecrypto
Want to know more? E-mail us at [email protected], we will have a customer phone number available once the site is live.
The OneCrypto Team.
If you have a little time to buy and hold, I think these will be the top three coins in a few years: BTC, GLD, and LTC.
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Bitcoin offers innovation as compared to the dollar such as semi-anonymous electronic payments, decentralization and low fee transactions comparing to banks. While 99% (not all of them) of altcoins offer tweaked versions of Bitcoin or Litecoin without any useful features and often premined.
so they are all the same, except for the waste of energy caused by PoW mining
you are just repeating slogans, not thinking
I can agree with that.
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Bitcoin offers innovation as compared to the dollar such as semi-anonymous electronic payments, decentralization and low fee transactions comparing to banks. While 99% (not all of them) of altcoins offer tweaked versions of Bitcoin or Litecoin without any useful features and often premined.
so they are all the same, except for the waste of energy caused by PoW mining
you are just repeating slogans, not thinking
Quote
Bitcoin offers innovation as compared to the dollar such as semi-anonymous electronic payments, decentralization and low fee transactions comparing to banks. While 99% (not all of them) of altcoins offer tweaked versions of Bitcoin or Litecoin without any useful features and often premined.
so they are all the same, except for the waste of energy caused by PoW mining
you are just repeating slogans, not thinking
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it didn't even cross my mind that one of those failures could ever influence Bitcoin in any way.
Most people feel this way about bitcoin in regard to USD. Would you still be interested in cryptocurrency despite this fact?
If so, well...
well, I guess you deleted your response
lol
Who did what now?lol
It's not dangerous. It's foolish, but you won't get hurt. You will simply loose your money.
well, I guess you deleted your response
lol
lol
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it didn't even cross my mind that one of those failures could ever influence Bitcoin in any way.
Most people feel this way about bitcoin in regard to USD. Would you still be interested in cryptocurrency despite this fact?
If so, well...
a currency serves whatever purpose it's user's determine.
If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
Thus 99% percent of all altcoins die out in a few months from launch.If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
Well the chance of an alternative currency reaching the level of adoption of USD is exceedingly thin so it is to be expected that most attempts to do so will fail.
On the other hand, altcoins aren't a threat to btc being seen as legitimate by the public. The threat is the idea the general public has about the legitimacy and safety of using cryptocurrency in general, which is not solved by making out all altcoins to be a scam.
They don't distinguish between various cryptos. To them it's all fake money so going around talking shit about altcoins because you think they will detract from the value of your bitcoins isn't really helping your cause.
The very same features that make altcoins seem like a scam to certain holders of btc exist for btc and btc is therefore regarded as a scam by the general public. The argument that it is somehow "better" is not valid in any regard. It actually has a energy wasting feature that is not desirable that is not found in newer types of cryptocurrency.
Don't twist my words: I said 99% altcoins are crap. You see 100%-99%=1%. That's the percent of all legitimate coins that exist and still function comparing to all those created.
I'm only talking crap about altcoins due to the fact that the majority (90-99%) are poor copies of either Litecoin or Bitcoin. Most of them offer no benefit except for the maker: the possibility of him becoming rich if his coin managed to stand the tests of the community. Look around: coins are being created every day, yet only a few actually are being used.
Regarding the fact they will detract from Bitcoin: not really, it didn't even cross my mind that one of those failures could ever influence Bitcoin in any way. Aside from those, any useful coins that introduce new functional features are welcome and some healthy rivalry is always a good thing.
Innovation is key, my friends! scrypt is about to be overtaken by ASICs, better switch to SHA3-like currencies!
a currency serves whatever purpose it's user's determine.
If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
Thus 99% percent of all altcoins die out in a few months from launch.If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
Well the chance of an alternative currency reaching the level of adoption of USD is exceedingly thin so it is to be expected that most attempts to do so will fail.
On the other hand, altcoins aren't a threat to btc being seen as legitimate by the public. The threat is the idea the general public has about the legitimacy and safety of using cryptocurrency in general, which is not solved by making out all altcoins to be a scam.
They don't distinguish between various cryptos. To them it's all fake money so going around talking shit about altcoins because you think they will detract from the value of your bitcoins isn't really helping your cause.
The very same features that make altcoins seem like a scam to certain holders of btc exist for btc and btc is therefore regarded as a scam by the general public. The argument that it is somehow "better" is not valid in any regard. It actually has a energy wasting feature that is not desirable that is not found in newer types of cryptocurrency.
a currency serves whatever purpose it's user's determine.
If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
Thus 99% percent of all altcoins die out in a few months from launch. If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
a currency serves whatever purpose it's user's determine.
If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
If you want it only to play pump and dump on a virtual stock market then that is it's use.
If no one uses it for anything then it dies.
99% of the Altcoin clones are Pump and Dump.
Because so many people want their own coin. I wonder what will happen when BTC becomes mainstrezm - even more useless altcoins will be created. It is very very risky to invest in BRAND NEW alts. Litecoin is okay tho
This is good advice. Our research team likes Litecoin, Goldcoin, and Dogecoin, for long-term holds. If BTC recovers over the coming months, these three coins could provide exponential returns.
+1
99% of the Altcoin clones are Pump and Dump.
Invest only in well established coins and try to avoid pre-mined pump-and-dumps which are floating around like flies these days.
It is very very risky to invest in BRAND NEW alts. Litecoin is okay tho
This is good advice. Our research team likes Litecoin, Goldcoin, and Dogecoin, for long-term holds. If BTC recovers over the coming months, these three coins could provide exponential returns.
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