Many risk, high danger, high reward (or loss).
That said, a few coins of each alt sounds good. Some will go to the moon!!
Topic: Dangerous to invest in new Altcoins? - page 7. (Read 6456 times)
The Altcoins are designed to enrich the creator, plain and simple. BTC may have been designed for that purpose as well, but at least it was extremely innovative.
Pump and dump
I don't thank any coins are added to exchanges right after the start. Which means there is no set price. Which means you can request any price you want. DOGE was .0000005. then it went to 0.000002, now it's around at the same place as it started on an exchange. But you could buy it cheaper. First people were mining millions of DOGE and surely some of them sold them quite cheap. I think it's always a good idea to buy into new coins.
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,
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,
Jump to: