There are plenty of reputable altcoins. You cannot just lambaste and then group all the altcoins into the same 'worthless' category.
Litecoin was an altcoin once. (Still is)
Altcoins tend to fall and rise faster in value than bitcoin/litecoin, this can make them a more viable investment.
Many altcoins are indeed pump and dump, and it may be difficult for new users to differentiate between them.
For miners, you will almost always make more mining altcoins and then trading them in for bitcoins or litecoins that you would mining litecoins directly.
Topic: Newbies, stay away from altcoins. please - page 4. (Read 9229 times)
Keep mining up litecoin and quark coin.
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What about Anoncoin?
I believe this to be a coin for the future?
Limited supply, great support, great site etc, worth checking out.
I believe this to be a coin for the future?
Limited supply, great support, great site etc, worth checking out.
The same can be said for numerous other altcoins. Doesn't seem to be much different about Anoncoin.
@OP Alright we won't make the same mistake because we don't want wast our time also !
What about Anoncoin?
I believe this to be a coin for the future?
Limited supply, great support, great site etc, worth checking out.
I believe this to be a coin for the future?
Limited supply, great support, great site etc, worth checking out.
You do realize that for most of people here, me included BTC are long ago become unreachable. If they have a couple of spare bucks they will buy a few alt coins, or mine them and hope they worth something some day. There is nothing else they can do. It's a sad reality, but it is a reality.
That's just silly. If you have a couple of bucks, you can buy 3 mBTC and join us on the trip to the moon. If Bitcoin eventually becomes the global currency, which I believe can happen, then the average person on Earth will own about 3 mBTC. So invest $2 in the real future of money today, hold for the very long term, and your minuscule investment will have turned into the average person's wealth. Or put $20 in today and be 10 times as rich as the average person.
Just because altcoins have lower prices does NOT mean they are better investments!
I respectfully disagree. But I appreciate the calling out of scam coins nonetheless.
Instead...
Look for altcoins that serve a true purpose and in a different vein than the purpose of Bitcoin.
Always vet your coin by researching if there has been a premine. www.cryptometer.org is a good start.
Don't put money into a coin to only make money. Do it for other beneficial reasons.
Instead...
Look for altcoins that serve a true purpose and in a different vein than the purpose of Bitcoin.
Always vet your coin by researching if there has been a premine. www.cryptometer.org is a good start.
Don't put money into a coin to only make money. Do it for other beneficial reasons.
altcoins are great if you can see which will do well enough to pump and dump
You do realize that for most of people here, me included BTC are long ago become unreachable. If they have a couple of spare bucks they will buy a few alt coins, or mine them and hope they worth something some day. There is nothing else they can do. It's a sad reality, but it is a reality.
Nothing wrong with mining a few altcoins if you missed the bitcoin boom. Mine/trade or not the altcoin market will eventually collapse under its own weight (too many coins to choose from, none of them really bring anything truly revolutionary to cryptocurrency.) BTC and LTC are the only real coins I see standing the test of time so why not make money while there is still an opportunity?
All these coins seem more like an imaginary stock market then actual currency. Value of an currency doesn't increase when there is a increased interest, the stocks do.
Not sure what you mean.
Currencies (Dollar, Euro, Yen) most certainly increase/decrease in value depending on interest and capital flows. Why would that be different with digital currencies?
I think a few alt coins might have some staying power. What happens to the majority at the bottom that drop off the top 50 market cap list? Is 0 and over the end of them? Or could someone revive a coin that went belly up.
No one can mine bitcoin unless they buy an asic. I don't understand this thread.
I just have to agree..
Altcoins are now quite easy way to get Bitcoins.. Altcoins can pay off. I got in very early on Dogecoin mining with modest hardware and recently pocketed $500 USD selling it on Reddit and eBay. So, in conclusion $500 in a couple weeks for doing basically nothing but providing GPU/CPU power ain't a bad deal. 
I agree.it'll probably be worth $10,000,000 in 10 years
No one can mine bitcoin unless they buy an asic. I don't understand this thread.
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.
It depends what are you looking/minig for 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.
But it is a good start for newbie to mine altcoins and then exchange those for Bitcoins.. Bitcoins are not minable with common hardware any more.
Altcoins can pay off. I got in very early on Dogecoin mining with modest hardware and recently pocketed $500 USD selling it on Reddit and eBay. So, in conclusion $500 in a couple weeks for doing basically nothing but providing GPU/CPU power ain't a bad deal.
I agree.im kind of wondering if the thread was actually made t o stop people from mining altcoins - so they could actually mine more of them at lower difficulty.
There is nothing wrong with taking some risks with altcoins. Bitcoin was a huge gamble and risk early on as well.
There is nothing wrong with taking some risks with altcoins. Bitcoin was a huge gamble and risk early on as well.
This is correct for newbies. For experienced users no. Investing in the right altcoin will prove to be much better than investing in bitcoin (in the future).
Interesting...
Although I agree for the most part and there are a lot of pump and dump type coins, I would not abandon all coin just because they are an alt coin. Look into them... There area few intriguing alts
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