Dangerous to invest in new Altcoins? - page 3.

prihedap

newbie

Activity: 13

Merit: 0

Quote from: Mauerbrecher on December 21, 2013, 01:11:30 PM

Hi guys,

I was wondering if it is dangerous to invest in new Altcoins? I mean, when you look at all the charts, every new coin launches pretty high, or it increases to a high peak and after that it decreases every time. Lots of altcoins are freefalling. So, the question is, are the lot of them a pure pump&dump scheme or a scam so the developer can cash in pretty big? I mean what is the point of all the altcoins when they don't "innovate" over the altcoins; i.e. NXT/QRK coins are indeed an innovation over BTC in the sense it has at least another encryption method.

Thanks for explaining,

if can pey the utility bills no one is going to stop u bat self

sanjoea

full member

Activity: 154

Merit: 100

Since the value is very very less for altcoins compare to bitcoin. even if you invest small amount you would get lot of altcoins, if it increases the value then you will get lot of profit, But if you invest in bitcoin the quantity is less but the profit also less,

Abdussamad

legendary

Activity: 3710

Merit: 1586

Quote from: Sonny on February 18, 2014, 11:39:13 AM

Quote from: ?? on ??

Unless you really believe in them its probably just better to pump and dump. Dogecoin is forever though.

Doge is just a litecoin clone with an adorable icon....
IMHO, it will stay for a while, but not forever...

Litecoin has a limit to the number of coins that can be mined. 84 million is that limit. dogecoin has no such limit.

robertjr

newbie

Activity: 19

Merit: 0

Just based on the factor of sustainability, proof-of-work is is not energy efficient. For long term investment I am going with the new coins based on proof-of-stake (NXT and NEM).

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: ?? on ??

Unless you really believe in them its probably just better to pump and dump. Dogecoin is forever though.

Doge is just a litecoin clone with an adorable icon....
IMHO, it will stay for a while, but not forever...

elavenil

full member

Activity: 182

Merit: 100

everyday three four new coins are spring. Which one to invest? Most of the (90%) coins are not promoted by creators. I am not investing in any new coins.

yntro

full member

Activity: 154

Merit: 100

Well you can always try.. because earning smth from BTC requires big investments

if those altcoins rise huge profit.

fighter

newbie

Activity: 28

Merit: 0

Quote from: bitbitz on February 02, 2014, 11:43:35 AM

Theres always a risk but yolloooo. Give some a go. eg doge?

Exactly, even bitcoins are risky. It's worth a shot.

Dosmas

full member

Activity: 162

Merit: 100

Quote from: Mauerbrecher on December 21, 2013, 01:11:30 PM

Hi guys,

I was wondering if it is dangerous to invest in new Altcoins? I mean, when you look at all the charts, every new coin launches pretty high, or it increases to a high peak and after that it decreases every time. Lots of altcoins are freefalling. So, the question is, are the lot of them a pure pump&dump scheme or a scam so the developer can cash in pretty big? I mean what is the point of all the altcoins when they don't "innovate" over the altcoins; i.e. NXT/QRK coins are indeed an innovation over BTC in the sense it has at least another encryption method.

Thanks for explaining,

Id say, knowing what you are getting into is the most important. Don't let anybody tell you whatever. Make your own decisions and let others make theirs.

In my opinion, a lot of alts are made just for the fun and creating a new possibility of getting a pump and dump.

xinzark

legendary

Activity: 1120

Merit: 1001

Altcoin is profit able but don buy just 1 type buy a lot type and keep them raise sell

robertjr

newbie

Activity: 19

Merit: 0

I would stay with the 2nd gen. coins and not the clones of bitcoin.

bitpop

legendary

Activity: 2912

Merit: 1060

Pump and dump maxcoin today

First.Bitcoins

legendary

Activity: 1156

Merit: 1000

Try to find the coins that offer something unique, else why would they have potential?

Sonny

hero member

Activity: 868

Merit: 1000

I would rather play some bets directly. Wink

Quote from: wowdofer1 on February 02, 2014, 08:40:17 AM

NXT its not pump and dump, it is very legit. Very skilled people behind it! Tongue

The programmers may be skilled, but the coin can still be used for bump and dump.

GAML

full member

Activity: 214

Merit: 100

My view is invest and then sit on them but do not invest money / BTC that you are not willing to risk. My friend told me about BTC when they were 7$ each and I thought "unregulated digital currency? That looks risky" now I am kicking myself big time.

I say speculate to accumulate but be sensible about it. Wink

Good luck to you.

Isildur23

full member

Activity: 178

Merit: 100

Just follow the news, Nxt is launching decentralised asset exchange soon and then there will be a lot of noise. People will issue assets and there will be a lot of fees going to forgers (Nxt is not about mining or forging but people still don't get it, but will like the forging when the asset exchange is launched and buy more Nxt)

eorituz

member

Activity: 92

Merit: 10

Quote from: wowdofer1 on February 02, 2014, 08:40:17 AM

NXT its not pump and dump, it is very legit. Very skilled people behind it! Tongue

+1

EarlyAdopterCoin

newbie

Activity: 4

Merit: 0

Never risk more than you are willing to lose.

MegaHustlr

hero member

Activity: 601

Merit: 500

Vote 4fryn :)

Investing in btc is risky too, do whaeva you wanna.

bitbitz

full member

Activity: 163

Merit: 100

Theres always a risk but yolloooo. Give some a go. eg doge?

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