Has anyone made a comfortable living only investing in crypto trends? - page 3.

botany

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Quote from: Mobius on August 13, 2014, 12:34:19 AM

Quote from: mraveragejoe on August 10, 2014, 04:05:30 AM

Quote from: Mobius on August 09, 2014, 05:51:02 PM

Quote from: DavidHume on August 09, 2014, 05:14:52 PM

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

IMO with the exception of NMC and LTC all alts are "scamcoins" as they really do not anything of value to their users. I say NMC is not a scam because it provides the domains and LTC because it was the first scrypt based alt, however I would doubt that either be successful over the long term.

If you are a speculator/gambler, you can still make a lot of money from these 'scamcoins'.

Mobius

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Activity: 988

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Quote from: mraveragejoe on August 10, 2014, 04:05:30 AM

Quote from: Mobius on August 09, 2014, 05:51:02 PM

Quote from: DavidHume on August 09, 2014, 05:14:52 PM

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

IMO with the exception of NMC and LTC all alts are "scamcoins" as they really do not anything of value to their users. I say NMC is not a scam because it provides the domains and LTC because it was the first scrypt based alt, however I would doubt that either be successful over the long term.

FreedomCoin

hero member

Activity: 675

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Freedom to choose

Quote from: martinnew on August 11, 2014, 10:35:36 AM

I don't, but I think there are some there who done/doing this and not all might be known.
Hoping I could be one of them someday. Grin

Right now we are dealing with a sideways market, even the altcoins have had very selective rises and falls. When there is more volatility im sure more can make good money day trading.

Now is a good time to mine or invest in miner companies, but not trading soo much.

Quote from: merockstar on August 11, 2014, 10:42:28 AM

You have to consider volume also.

Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.

very true, i see this alot with altcoins. You can put a bid on a coin, but it does not always completely fill. Can take some time in alot of cases.. same for asks when selling.

merockstar

full member

Activity: 203

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BTS: merockstar420

You have to consider volume also.

Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.

martinnew

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I don't, but I think there are some there who done/doing this and not all might be known.
Hoping I could be one of them someday. Grin

FreedomCoin

hero member

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Freedom to choose

From the sounds of it you need large amounts of capital to buy large amounts of coin really make a living at trading, at the same time risk loosing large amounts. i would assume the same is true if you wanted to invest in some miner shares. As investing one BTC may only get you a return of .1 every month. But invest 10btc you can get almost 1 BTC a month. As many said getting in the crypto world early is key, which technically we still are in the beginning. Many other coins could take the place of BTC when their market cap rises.

Quote from: abora on August 09, 2014, 08:23:22 AM

If CMI's can exsist in the capital market of course its possible to survive on it partially.

What is CMI?

botany

legendary

Activity: 1582

Merit: 1064

Quote from: bitsmichel on August 10, 2014, 05:01:35 AM

Quote from: mraveragejoe on August 10, 2014, 04:05:30 AM

Quote from: Mobius on August 09, 2014, 05:51:02 PM

Quote from: DavidHume on August 09, 2014, 05:14:52 PM

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

Are there any famous examples of altcoin creators getting really rich?

I would presume those behind darkcoin would have become really rich?

bitsmichel

sr. member

Activity: 518

Merit: 250

Quote from: mraveragejoe on August 10, 2014, 04:05:30 AM

Quote from: Mobius on August 09, 2014, 05:51:02 PM

Quote from: DavidHume on August 09, 2014, 05:14:52 PM

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

Are there any famous examples of altcoin creators getting really rich?

mraveragejoe

newbie

Activity: 42

Merit: 0

Quote from: Mobius on August 09, 2014, 05:51:02 PM

Quote from: DavidHume on August 09, 2014, 05:14:52 PM

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: Mobius on August 09, 2014, 05:51:02 PM

Quote from: DavidHume on August 09, 2014, 05:14:52 PM

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

Widespread adoption is what provides bitcoin its value. These new altcoins are always playing a catching up game. So it is very difficult for them to gain bitcoin's valuation.
But still people speculate using them because one altcoin might turn out to be the bitcoin-killer.

Mobius

hero member

Activity: 988

Merit: 1000

Quote from: DavidHume on August 09, 2014, 05:14:52 PM

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

DavidHume

full member

Activity: 235

Merit: 102

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

InwardContour

sr. member

Activity: 644

Merit: 260

Living with crypto trading and investments is my dream but at the moment I don't have many funds avaiable so I'm trying to accumulate as much as I can for the future.

abora

full member

Activity: 154

Merit: 100

If CMI's can exsist in the capital market of course its possible to survive on it partially.

aeonpi

newbie

Activity: 9

Merit: 0

We have a few people who are doing well with our virtacoin.com and have done well for themselves with other coins btc and ltc included.

TaunSew

hero member

Activity: 756

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These people do exist but they need a lot of money to process volume and they need computer bots / scripts to day trade for them. . but it's still not fool proof.

Ayers

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Leading Crypto Sports Betting & Casino Platform

Quote from: FreedomCoin on August 08, 2014, 02:24:27 PM

100k just holding BTC? or are we talking about some other coin?

just holding btc, was a old member who started mining very early, i don't remember the full details, but there was a photo of him and his family in the web

Unluckyduck

sr. member

Activity: 359

Merit: 250

Yeah there are plently of whales that regularly move the market although im guessing most probably got in fairly early on.

lihuajkl

legendary

Activity: 1596

Merit: 1000

To buy low and sell high in hours, weeks, months is not called investment, but called speculation. Most of people who do this type of things do lose their money.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: sandykho47 on August 09, 2014, 12:32:43 AM

There are lot people
example : early bitcoin adopter, satoshi nakamoto, dan scam alt. coin developer

IF you mean seriously 100% in crypto. I think only satoshi nakamoto Grin

How much do you think he will have to pay in taxes, if he does cash out. Grin

Topic: Has anyone made a comfortable living only investing in crypto trends? - page 3. (Read 5018 times)