Topic: Dangerous to invest in new Altcoins? - page 5. (Read 6456 times)

be a collector of most of them since they'r generally easy to mine on their first days/weeks. and invest some more on the one that has a potential, you can tell by the development quality and from how the community approach to that coin.

It really depends on how much work and effort is put into the coin. You can almost tell which will fail and which will flourish. Just remember when investing time and money, if it seems too good to be true or it looks crappy, it most likely is.

See it like a hobby, its fun to trade with em. Sometimes you win, sometimes you lose. Dont invest more than you can afford to lose..

It's always fun to collect new alt coins. Maybe they will be worth something in the future, maybe not. Don't invest to much and have fun. 

Its always a good idea to dabble with new currencies because they will be very cheap to begin with so it wont really cost u much. Also some give away loads at the start like nxt. People were passing them around on request. So i think just holding on to them is the wisest thing to do. Especially when theyve cost u nothing.
Im trying to get a hold of nxt but everyone wants btc in exchange. Ugh!! If theres anyone willing to trade for cash (gbp) hit me up!...still a newbie but remember my name so people wont doubt me in the near future. lol

I agree, I GPU mine new altcoins and sell for Bitcoin when the price seems high after initial rise

This.

Here's what I've seen so far:

1.  Alt coins make entry into the crypto currency game more possible to those who otherwise couldn't afford larger coins.  It's much easier to get the alt coins and then convert them to other coins.

2.  Arguments saying that you should only go for bitcoin should be viewed skeptically.  These arguments may be from folks that have more interest in you going for bitcoin because they themselves are invested more into bitcoin.

3.  All crypto currency is developing.  Litecoin is starting to gain some ground on bitcoin in that some vendors are accepting it as currency.  There's a website that lists vendors and what coin they accept.  Google search for vendors that accept litecoin

So what I've seen is that crypto currency has as much value as what it can be used for.  For now, the value of altcoins is to trade and exchange for other coins that I may be able to use to purchase some other goods and services.

Also consider traditional world currencies.  Think about the regulatory bodies over these currencies: The World Bank and International Monetary Fund.  This is an important aspect of our lives because they have the affect of regulating currencies which in turn impacts big things like labor costs which affects unemployment which affects quality of life for many people.  Similarly, altcoins make achieving the bitcoin dream possible by giving crypto immigrants an opportunity. 

We aren't 'just' newbies, we are also the second wave or next generation of cyber laborers. 

If you wanna do it long-term, better to stick with BTC

Hey all, first post and I'm stuck here with you all, so bear with me on my ramblings.

Altcoins are just that, alternatives. I'm very new to this, but I'm pretty sure the people that happened to buy into BTC when it was $1200 are looking to diversify just a little now. Until there are more direct-exchange sites between each coin and USD/EUR, of course everything will be funneled through BTC and their values will be on a short leash. But what will happen when there is a user-friendly way to buy for example, DOGE?

On a side note, the ones who are really winning out from this phenomenon are hardware manufacturers. Their products suddenly turned into solid gold before their eyes.

For me personally, I'll be trying a few different cryptos to mine casually before I invest any cold hard cash, but we are forging the path for the future 'universal' net currency, whichever one it pans out to be, so enjoy the ride.

Which altcoin has potential  to be the next star beside litecoin and namecoin?

NXT might be worth an investment, as the system is kinda different and there is also much buzz around NXT.
I see a big chance there..

I'm a scrypt miner. Personally I just solo mine most new coins that has enough interests and will make it to an exchange for me to dump.

If your not a miner than I would suggest not buying straight into an altcoins.

Yeah you wouldn't want to "invest" in alts especially new ones unless you thought it was going to do something really different and new from other coins. Other the more established coins probably have a shot at doing something for you. Look at btc, it did nothing for a while and took time to establish.

I don't feel that Doge hase a bright future ahead, but some were able to make a nice profit out of it 

Yup

Well, of course it is dangerous to invest in altcoins. BUT, i also believe that  investing in new coins that offer innovations and have good marketing behind them are worth taking the risk. Also, if you can jump into the ship before the market cap of the coin is less that $1M you should be relatively safe.

The thing is that the market is currently very hot and people are willing to put huge amounts of money into it.

Of course thats why I never put in money, just mine.

Look in the mirror, read the name on your coin aloud. Repeat.

I dont believe in any other coin than bitcoin.