hopefully it will be that some of these altcoins would survive and not be just pump and dumps.
if only there were a major vendor(such as bitcoinstore) willing to accept altcoins as payment. i think one big vendor adopting a coin is the difference in it being a pump and dump and gaining support and traction as a digital currency.
Topic: Newbies, stay away from altcoins. please - page 11. (Read 9229 times)
What is the hold up with mt gox adding LTC? I thought it was supposed to happen in August? They do not seem to be very vocal on the issue.
I can vouch for this; don't ever trust anyone pushing a coin that isn't Bitcoin (or possible Litecoin.) The scheme is to create a coin just to short it and abandon it; this requires people to put their time and effort into adopting the altcoin and putting it on an exchange. It's nothing more than a movement of wealth to the original adopters (sometimes involving a pre-mine) from whoever decided not to cash out.
Just giving you a heads up, 99% of the alt coins are a waste of time and do not fulfill the main concept of the digital currency concept.
Invest only in Bitcoin (BTC) , it has more support and interest than any other coins(projects).
Although you might still find other projects with great support (either in great developers or they are heavily invested by many), like
Litecoin (which suffers from a few big holders that manipulate the price, but you might earn a bit of $ from it in the short range aka mt.gox announce to add it to their trading). and
Mastercoin / https://bitcointalk.org/index.php?topic=265488.0;topicseen (which has already been funded with 5000BTC to kick off with the development)
Don't make the same mistake I did wasting my time on other failing alt coins..
Hope this info helps you decide where to start.
Good Luck.
Invest only in Bitcoin (BTC) , it has more support and interest than any other coins(projects).
Although you might still find other projects with great support (either in great developers or they are heavily invested by many), like
Litecoin (which suffers from a few big holders that manipulate the price, but you might earn a bit of $ from it in the short range aka mt.gox announce to add it to their trading). and
Mastercoin / https://bitcointalk.org/index.php?topic=265488.0;topicseen (which has already been funded with 5000BTC to kick off with the development)
Don't make the same mistake I did wasting my time on other failing alt coins..
Hope this info helps you decide where to start.
Good Luck.
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