Topic: Do you own any altcoins? Why? what for? - page 2. (Read 2472 times)
I only have VIP coin
I only have XRP
I own Colossuscoin (100% POS) because it has a good community and cheap (worth 675k) and allows me to help build a new foundation. It might work out or may not but it's fun to dive in and build a foundation from the ground up.
I don't have that much Col, about 375 mil of 320 billion coin. When you do the math and convert the coin float into usd, the foundation is worth 675k usd which I think is cheap considering Dogecoin is worth 10 times as much.
I don't have that much Col, about 375 mil of 320 billion coin. When you do the math and convert the coin float into usd, the foundation is worth 675k usd which I think is cheap considering Dogecoin is worth 10 times as much.
Wow.
Would you be kind to give me some Colossus coin ? o great millionaire
thank you very much o great milloinaire
What's your Collosuscoin deposit address?
Do you own any altcoin? Why?
I focus mostly on investing in Litecoin, while mining some of the other random coins every once in a while to try something different. Litecoin was the first true alternative to Bitcoin because of the framework it was built on, and just about everything since then has been a copycat.
As a disclaimer though, I do own a 'few' Litecoins as of right now, though a farfetch from the few thousand I used to hold mid-2012.
I have no ltcoin
only altcoins I'm interested in are PoS coins (peercoin, nxt and possibly emunie soon) as mining is not needed anymore for cryptocurrency to sustain itself and it is just costly deadweight (why should I pay fees or buy coins to ppl just wasting energy way? they was needed in early cryptos with PoW...but now they are just an inconvenience and a potentially dangerous category to negotiate with). i much prefer to give my money to developers through IPO than give it to miners. that is for sure.
also I really don't understand people who invest in litecoin.....it' only appeal is that it was asic resistant....but it ain't anymore (alpha tech to release asic script miners soon).
all it has going for it is a multitude of gpu mining (not for long) gamers pimping it on all forums...but technology wise it is a pointless coin. and will be dumped like a brick by
if you want a coin that is asic resistant the only remaining "mining coins" are xpm/datacoin which mine primes (which can't be asic-ed) and which are also faster than litecoin anyway.
also I really don't understand people who invest in litecoin.....it' only appeal is that it was asic resistant....but it ain't anymore (alpha tech to release asic script miners soon).
all it has going for it is a multitude of gpu mining (not for long) gamers pimping it on all forums...but technology wise it is a pointless coin. and will be dumped like a brick by
if you want a coin that is asic resistant the only remaining "mining coins" are xpm/datacoin which mine primes (which can't be asic-ed) and which are also faster than litecoin anyway.
Ripple is designed to handle exactly these needs
https://ripple.com/payment-network/#cross-currency-payments
https://ripple.com/blog/ripple-now-multi-lingual-supports-cash-deposits-and-more/ (enters network as fiat, then may converted to cryptos)
Somebody will come along with a universal payment system that lets you pay in any crypto you like and the seller just receives cash in their account.
https://ripple.com/payment-network/#cross-currency-payments
Somebody (maybe cryptsy) will add the ability to purchase any crypto directly for cash.
https://ripple.com/blog/ripple-now-multi-lingual-supports-cash-deposits-and-more/ (enters network as fiat, then may converted to cryptos)
I own Colossuscoin (100% POS) because it has a good community and cheap (worth 675k) and allows me to help build a new foundation. It might work out or may not but it's fun to dive in and build a foundation from the ground up.
I don't have that much Col, about 375 mil of 320 billion coin. When you do the math and convert the coin float into usd, the foundation is worth 675k usd which I think is cheap considering Dogecoin is worth 10 times as much.
I don't have that much Col, about 375 mil of 320 billion coin. When you do the math and convert the coin float into usd, the foundation is worth 675k usd which I think is cheap considering Dogecoin is worth 10 times as much.
Wow.
Would you be kind to give me some Colossus coin ? o great millionaire
thank you very much o great milloinaire
Trying to hold any coins with good transaction time. The speed is the biggest limitation of bitcoin, and it will probably make it obsolete in the end of 2014 or in 2015 because with 10 minutes block time you cant satisfy many demanding services like microtransactions, gaming, shopping, etc. Of course, it wont happen if someone will get successfull with any bitcoin modification making it faster (e. g. much faster bitcoin superstructure running over it).
I'm in alts (most of them) because it takes very little to push them up 100%, if you are patient alts are a much better inverstment.
In the long term I also think that bitcoin won't be able to hold on to it's market share.
Bitcoin is dominating at the moment because it's really the only currency you can buy directly.
As the crypto-world matures and new services roll out this is likely to change
Somebody (maybe cryptsy) will add the ability to purchase any crypto directly for cash.
Somebody will come along with a universal payment system that lets you pay in any crypto you like and the seller just receives cash in their account.
Then all cryptos will compete on their merits.
In the long term I also think that bitcoin won't be able to hold on to it's market share.
Bitcoin is dominating at the moment because it's really the only currency you can buy directly.
As the crypto-world matures and new services roll out this is likely to change
Somebody (maybe cryptsy) will add the ability to purchase any crypto directly for cash.
Somebody will come along with a universal payment system that lets you pay in any crypto you like and the seller just receives cash in their account.
Then all cryptos will compete on their merits.
As OP can clearly see by now hopefully is that everyone will recommend the coins they are invested in. No one knows shit about which one will make you profit. Or else everyone would be rich. Investing in alts is high risk, but you cannot expect a high reward without taking a high risk
I own Colossuscoin (100% POS) because it has a good community and cheap (worth 675k) and allows me to help build a new foundation. It might work out or may not but it's fun to dive in and build a foundation from the ground up.
I don't have that much Col, about 375 mil of 320 billion coin. When you do the math and convert the coin float into usd, the foundation is worth 675k usd which I think is cheap considering Dogecoin is worth 10 times as much.
I don't have that much Col, about 375 mil of 320 billion coin. When you do the math and convert the coin float into usd, the foundation is worth 675k usd which I think is cheap considering Dogecoin is worth 10 times as much.
Ripple.
It is designed to enable any currency to be used for any transaction. A user holding only BTC, LTC, WDC, QRK, or even DOGE will one day be able to purchase from a vendor accepting only USD. All conversion will occur seamlessly. By this virtue, nearly all crypto currencies may have a viable future.
Ripple already supports cash deposits from ZipZap. I believe it will soon begin to make major waves in payments as well.
Ripple Payments have no need to use XRP directly. It is simply an infrastructure component that may also be used as a currency. However, given the massive value of the Ripple system---and the value of XRP within it---I consider XRP itself a strong investment.
Introduction to Ripple for Bitcoiners: https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners
It is designed to enable any currency to be used for any transaction. A user holding only BTC, LTC, WDC, QRK, or even DOGE will one day be able to purchase from a vendor accepting only USD. All conversion will occur seamlessly. By this virtue, nearly all crypto currencies may have a viable future.
Ripple already supports cash deposits from ZipZap. I believe it will soon begin to make major waves in payments as well.
Ripple Payments have no need to use XRP directly. It is simply an infrastructure component that may also be used as a currency. However, given the massive value of the Ripple system---and the value of XRP within it---I consider XRP itself a strong investment.
Introduction to Ripple for Bitcoiners: https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners
I own a fair amount of Peercoins. Mainly because I can see energy consumption becoming an issue for some down the track, therefore the concept of Proof of Stake satisfies that for me, as well as providing an incentive for long-term savings. It is also less prone to fluctuating according to the price of BTC changing, compared to the rest of the 99 million alts out there which crumble when BTC dives sharply. Some people do whinge about the centralised checkpointing, but that was only put in place initially when ASIC attacks were a greater threat to all SHA-256 coins than they are now, and it is planned to be removed in the near future according to the dev, Sunny King.
Plus, the whole "don't put all your eggs in one basket" approach applies here, IMO. Would be silly to just solely stick with BTC as the sole choice of cryptocurrency, as you'd up a creek with a paddle, particularly in light of dramas like the recent ghash.io approaching 50% network hashrate situation and so forth.
Plus, the whole "don't put all your eggs in one basket" approach applies here, IMO. Would be silly to just solely stick with BTC as the sole choice of cryptocurrency, as you'd up a creek with a paddle, particularly in light of dramas like the recent ghash.io approaching 50% network hashrate situation and so forth.
+1 to all of this. Peercoin also makes 51% attacks impractical so it's a good choice if the recent ghash.io news spooked you. On top of all that Sunny King knows his shits and puts up weekly updates on here.
yes , litecoin as it's one of the only altcoins that is not a scam.
El Dude please, you are saying to every altcoin it is a scam, but not Litecoin. Maybe because you just hold only Litecoin and want people to pump it more ?
To think that only Litecoin can make it over the 20$ is naive and stupid sorry to say that.
In november litecoin hit $49.
Im living proof because i sold all my litecoins that i bought when they cost $2.50
They are just in a down now - if they cross $30 its going to go high again
I own a fair amount of Peercoins. Mainly because I can see energy consumption becoming an issue for some down the track, therefore the concept of Proof of Stake satisfies that for me, as well as providing an incentive for long-term savings. It is also less prone to fluctuating according to the price of BTC changing, compared to the rest of the 99 million alts out there which crumble when BTC dives sharply. Some people do whinge about the centralised checkpointing, but that was only put in place initially when ASIC attacks were a greater threat to all SHA-256 coins than they are now, and it is planned to be removed in the near future according to the dev, Sunny King.
Plus, the whole "don't put all your eggs in one basket" approach applies here, IMO. Would be silly to just solely stick with BTC as the sole choice of cryptocurrency, as you'd up a creek with a paddle, particularly in light of dramas like the recent ghash.io approaching 50% network hashrate situation and so forth.
Plus, the whole "don't put all your eggs in one basket" approach applies here, IMO. Would be silly to just solely stick with BTC as the sole choice of cryptocurrency, as you'd up a creek with a paddle, particularly in light of dramas like the recent ghash.io approaching 50% network hashrate situation and so forth.
Agreed. This is the reason I am diversifying my alts into PoS coins. PHS and HBN seem like good bets to me.
I own a fair amount of Peercoins. Mainly because I can see energy consumption becoming an issue for some down the track, therefore the concept of Proof of Stake satisfies that for me, as well as providing an incentive for long-term savings. It is also less prone to fluctuating according to the price of BTC changing, compared to the rest of the 99 million alts out there which crumble when BTC dives sharply. Some people do whinge about the centralised checkpointing, but that was only put in place initially when ASIC attacks were a greater threat to all SHA-256 coins than they are now, and it is planned to be removed in the near future according to the dev, Sunny King.
Plus, the whole "don't put all your eggs in one basket" approach applies here, IMO. Would be silly to just solely stick with BTC as the sole choice of cryptocurrency, as you'd up a creek with a paddle, particularly in light of dramas like the recent ghash.io approaching 50% network hashrate situation and so forth.
Plus, the whole "don't put all your eggs in one basket" approach applies here, IMO. Would be silly to just solely stick with BTC as the sole choice of cryptocurrency, as you'd up a creek with a paddle, particularly in light of dramas like the recent ghash.io approaching 50% network hashrate situation and so forth.
I buy some alt coins because I caught the train a bit late and don't really count on bitcoin to make profit. Hoping that some coins will compete with bitcoin in a few years (eg litecoin, primecoin, earthcoin, emunie)
I own anoncoin because I think it has a future purpose when BTC goes mainstream, also some protoshares just for speculation. In addition I'm investing in emunie because I think it has great potential.
I own them to make a profit on them.
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