Investing 1000 dollars in... - page 4.

saddambitcoin

legendary

Activity: 1610

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Quote from: rdnkjdi on October 21, 2014, 09:01:18 PM

Quote

Investing in Monero right now is like buying Bitcoin in 2010 -

No. It's not.

Bitcoin was the only one of it's kind. It invented cryptocurrency. Monero is not inventing cryptocurrency for the first time - it's competing on a field of dozens of altcoins & several "anon coins"

Here's a FUD thread I created for it. https://bitcointalk.org/index.php?topic=783471.40

I agree XMR is the only interesting thing around right now. But to state that it's "like investing in bitcoin in 2010" could just as easily be said for any altcoin.

It DOES have it's major pro's - but don't be blind.

*Disclaimer. I'm a proud XMR owner & the only alt I care about outside of BTC (& LTC a little)

I suppose what I mean by that statement is that the risk involved in buying XMR right now is similar to buying BTC when it was $1. It could very well go to zero but the potential reward in my opinion is much greater than buying any other coin - crypto long term (1-4 years).

hayabusa911

sr. member

Activity: 369

Merit: 250

Quote from: Gumbork on October 21, 2014, 09:00:50 PM

Quote from: hayabusa911 on October 21, 2014, 06:08:22 PM

I'm not looking for opinions on a ton of different alts. I have 1k to spend in alt coins and I decided I will either go with Pandacoin or Dogecoin. Please don't tell me to buy BTC as I am a early investor and have all I want. what coin out of these two would you choose. I AM prepared to lose this money so if either of these coins fail it wont bother me and I am planing on holding them for years. Help me gamble guys! Grin

Since you already have lots of bitcoin, why not just use some bitcoin and convert it to alt-coin. But anyway darkcoin is the best!!

The money I'm investing IS from my BTC stock and I am already invested in darkcoin.

rdnkjdi

legendary

Activity: 1256

Merit: 1009

Quote

Investing in Monero right now is like buying Bitcoin in 2010 -

No. It's not.

Bitcoin was the only one of it's kind. It invented cryptocurrency. Monero is not inventing cryptocurrency for the first time - it's competing on a field of dozens of altcoins & several "anon coins"

Here's a FUD thread I created for it. https://bitcointalk.org/index.php?topic=783471.40

I agree XMR is the only interesting thing around right now. But to state that it's "like investing in bitcoin in 2010" could just as easily be said for any altcoin.

It DOES have it's major pro's - but don't be blind.

*Disclaimer. I'm a proud XMR owner & the only alt I care about outside of BTC (& LTC a little)

Gumbork

hero member

Activity: 583

Merit: 500

Quote from: hayabusa911 on October 21, 2014, 06:08:22 PM

I'm not looking for opinions on a ton of different alts. I have 1k to spend in alt coins and I decided I will either go with Pandacoin or Dogecoin. Please don't tell me to buy BTC as I am a early investor and have all I want. what coin out of these two would you choose. I AM prepared to lose this money so if either of these coins fail it wont bother me and I am planing on holding them for years. Help me gamble guys! Grin

Since you already have lots of bitcoin, why not just use some bitcoin and convert it to alt-coin. But anyway darkcoin is the best!!

hayabusa911

sr. member

Activity: 369

Merit: 250

Quote from: saddambitcoin on October 21, 2014, 08:19:17 PM

Quote from: hayabusa911 on October 21, 2014, 08:00:47 PM

Quote from: saddambitcoin on October 21, 2014, 07:49:08 PM

what OS are you working on?

windows 8.1 Roll Eyes

They do mention stock windows is a pain.

i'd walk you through it myself but i've only done it on osx and linux. let me find some help for you though!

That would be amazing! Thank you!

jeffersonairplane

legendary

Activity: 1522

Merit: 1000

www.bitkong.com

Everyone here will just tell you what they're investing in is the best option. Best way to find out is to do some research on things you want to potentially invest in. Understand the investment, the risk, and the potential reward. And above all be sure you are only investing what you are willing to lose.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Quote from: hayabusa911 on October 21, 2014, 08:00:47 PM

Quote from: saddambitcoin on October 21, 2014, 07:49:08 PM

what OS are you working on?

windows 8.1 Roll Eyes

They do mention stock windows is a pain.

i'd walk you through it myself but i've only done it on osx and linux. let me find some help for you though!

acs267

hero member

Activity: 644

Merit: 500

Quote from: hayabusa911 on October 21, 2014, 06:37:43 PM

Quote from: rdnkjdi on October 21, 2014, 06:25:58 PM

I don't know anything about Pandacoin.

Avoid the scams. Avoid any newish PoS.

My .02

Dogecoin is not that new and like I said I will be holding for many years. I'm up in the air about pandacoin but from what I have read they seem promising.

Anybody else have .02 cents they would like to add?

Dogecoin. Pandacoin has gone pretty shady over the months. Not to mention, it did become inactive for a little while, strangely.

I'd take Dogecoin any day. It's a nice, hype coin and it has a good community which is rare when it comes to coins of that nature. It picks up after a Pump N' Dump easily. I've invested in it a few times and got a pretty good return, and mostly, it was because it was speedy.

However, if you are choosing between Dogecoin and Panda, I think you'd do best splitting it down the middle... 50/50.

Pandacoin is shady, but, it's community does protect each other from useless FUD and Dogecoin is also good and just has more opportunities than Panda, due to it becoming a meme.

Whatever you do, absolutely DO NOT go into any of the rare coins, such as 42, 62, etc. Also I'd advise going into one with a active community, too.

Hope this helped, OP.

But then again - it's your investment. So if neither of these work for you just go crazy with it.

(My .000002BTC)

hayabusa911

sr. member

Activity: 369

Merit: 250

Quote from: saddambitcoin on October 21, 2014, 07:49:08 PM

what OS are you working on?

windows 8.1 Roll Eyes

They do mention stock windows is a pain.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

what OS are you working on?

hayabusa911

sr. member

Activity: 369

Merit: 250

Does anyone have a tutorial on how the heck to set up a monero wallet? I tried the official website and now I have a headache Cheesy

Thanks guys! I'm going with Dogecoin and now Monero as well (if I can figure it out) LOL

lemfuture

hero member

Activity: 686

Merit: 500

good luck to your investment, may they stay a float in years to come

saddambitcoin

legendary

Activity: 1610

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Quote from: hayabusa911 on October 21, 2014, 07:01:27 PM

Quote from: saddambitcoin on October 21, 2014, 06:52:56 PM

Monero. It's about as cheap as it will go right now!

I have been hearing a lot about Monero as well as worldcoin and I just don't know much about them. I'm not looking to make a fast buck but rather a alt that I may be able to hold onto for a long while. Do you think Monero would be a good option for a long term investment?

Well, for starters Monero is not a Bitcoin clone, it uses a completely different protocol called CryptoNote. Monero was only launched in April 2014, and is a fair coin with no premine. As such, development is in embryonic stages and it is not exactly ready for the masses. It offers several key features due to the use of ring signatures - unlinkable transactions, untraceable payments; the anonymity is baked in to the protocol.

With the coming BitLicense regulations I expect further reason for private liquidity such as this to coexist along with the transparent ledger of Bitcoin. Many early bitcoin devs and early adopters have shown interest in Monero such as Peter Todd and gmaxwell.

Investing in Monero right now is like buying Bitcoin in 2010 - you have to believe the infrastructure will be built up but the technological advantages are there.

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

I suggest DOGE rather than Pandacoin. I don't know too much about Pandacoin, but I know that the DOGE community is already large and shibes tend to recruit others (others who have never been into crypto, which are the most important new users).

hayabusa911

sr. member

Activity: 369

Merit: 250

I already decided to invest in applebyte and am pretty excited about it. Nice hearing from you again and thanks for the fast reply earlier today! Grin

First.Bitcoins

legendary

Activity: 1156

Merit: 1000

Please take a look at AppleByte. We are focused on building a real user community for the longterm, We've had good steady price movement, and lots of notice from Bitcoin industry leaders.

AppleByte (ABY/BTC) is traded on Poloniex

Industry Buzz:

A nice twitter acknowledgement from a friend in NYC

GoCoin Chairman & Co-founder, Brock Pierce twitter acknowledgement

More AppleByte Details:
Announce Thread: Announce Thread
Website: AppleByte.me
Facebook: AppleByteMe FB Page
Twitter: AppleByteMe Twitter

hayabusa911

sr. member

Activity: 369

Merit: 250

Quote from: saddambitcoin on October 21, 2014, 06:52:56 PM

Monero. It's about as cheap as it will go right now!

I have been hearing a lot about Monero as well as worldcoin and I just don't know much about them. I'm not looking to make a fast buck but rather a alt that I may be able to hold onto for a long while. Do you think Monero would be a good option for a long term investment?

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Monero. It's about as cheap as it will go right now!

hayabusa911

sr. member

Activity: 369

Merit: 250

Quote from: worle1bm on October 21, 2014, 06:41:47 PM

NXT is a potential investment, XMR, and Ripple.

I was really just looking at the two coins I mentioned in my OP

worle1bm

full member

Activity: 1834

Merit: 166

NXT is a potential investment, XMR, and Ripple.

Topic: Investing 1000 dollars in... - page 4. (Read 5474 times)