. At one point people will lose intrest in bitcoin and move to and other currency. 
Topic: Newbies, stay away from altcoins. please - page 6. (Read 9229 times)
In my opinion is same like big companies ,there are those big one like apple and samsung ans small one like alview ,put at a point if people invest in the small ones ,they can get big like huawei did . At one point people will lose intrest in bitcoin and move to and other currency.
. At one point people will lose intrest in bitcoin and move to and other currency.
No innovation, no value.
namecoin and ppc are good for trading at least in my experience
namecoin's goal of distributed dns sounds good but i do not know any popular site who uses it or if it functions at all
namecoin's goal of distributed dns sounds good but i do not know any popular site who uses it or if it functions at all
Pshhh, nonsense. I made over 30% yesterday trading my favorite alt coin. I'm not going to say which one it is because I don't want people thinking I'm just bsing to promote it. There is plenty of opportunity to make money with them ,but you have to know what your doing. You can't just arbitrarily by them at whatever price they are going for and expect huge return. You have to analyse fundamentals, popularity, and the technical aspects of it first and base your entry/exit points on that.
Well, it's not really investment. It's called speculation.
Not that there's anything wrong with that.
As for altcoins, 99% of all the interest around cryptocurrency is generated by a post-event hype of a successful get rich quick scheme that made millionaires of several early adopters (and it's quite clear that the Bitcoin train has left, you can't early adopt it anymore, the rocket fuel's gone).
Most altcoins come from the misguided hope of duplicating that success. Of course, the rate of success is unlikely to come even close to Bitcoin, but it will have a profound negative effect over time to the very idea of cryptocurrency as a whole. It's as if in the late years of the California gold rush, miners could just make up new minerals that are still abundant - and there would be people around to buy those at a premium.
However, given the inherent flaws of Bitcoin, I am sure that if cryptocurrency does go mainstream, it will not be Bitcoin, but some alt that has addressed those flaws. PeerCoin is an interesting step in the good direction, but its money supply scheme is still not inflationary enough to be useful as a currency, and in fact encourages hoarding to a ridiculous degree. Also, the transition from proof-of-work to proof-of-stake operation sounds shaky at best.
Not that there's anything wrong with that.
As for altcoins, 99% of all the interest around cryptocurrency is generated by a post-event hype of a successful get rich quick scheme that made millionaires of several early adopters (and it's quite clear that the Bitcoin train has left, you can't early adopt it anymore, the rocket fuel's gone).
Most altcoins come from the misguided hope of duplicating that success. Of course, the rate of success is unlikely to come even close to Bitcoin, but it will have a profound negative effect over time to the very idea of cryptocurrency as a whole. It's as if in the late years of the California gold rush, miners could just make up new minerals that are still abundant - and there would be people around to buy those at a premium.
However, given the inherent flaws of Bitcoin, I am sure that if cryptocurrency does go mainstream, it will not be Bitcoin, but some alt that has addressed those flaws. PeerCoin is an interesting step in the good direction, but its money supply scheme is still not inflationary enough to be useful as a currency, and in fact encourages hoarding to a ridiculous degree. Also, the transition from proof-of-work to proof-of-stake operation sounds shaky at best.
I don't agree at this topic.
I believe that all alt coins are a long time investment so spreading your changes over multiple altcoins seems like a good idea for me. Ofcourse a lot of the coins are crap and will die in time but you only need 1 goldmine. Just don't forget that bitcoin wasn't skyhigh in the begining.
I believe that all alt coins are a long time investment so spreading your changes over multiple altcoins seems like a good idea for me. Ofcourse a lot of the coins are crap and will die in time but you only need 1 goldmine. Just don't forget that bitcoin wasn't skyhigh in the begining.
In future there will be not hundreds worthless copies of Bitcoin, but many thousands worthless copies of Bitcoin. Hopefully you have enought money if your plan is put some money in every new altcoin. The number of new altcoins will never stop if there will be enought demmand for burning money there
I don't agree at this topic.
I believe that all alt coins are a long time investment so spreading your changes over multiple altcoins seems like a good idea for me. Ofcourse a lot of the coins are crap and will die in time but you only need 1 goldmine. Just don't forget that bitcoin wasn't skyhigh in the begining.
I believe that all alt coins are a long time investment so spreading your changes over multiple altcoins seems like a good idea for me. Ofcourse a lot of the coins are crap and will die in time but you only need 1 goldmine. Just don't forget that bitcoin wasn't skyhigh in the begining.
bitcoin are so much expensive now , and litecoin are so much cheaper people start accepting them as well
And this will have a knock on-effect. Once BTC price gets ridiculous - maybe it already has - people will just invest in the next biggest currency; Litecoin. Then when Litecoins get too pricey; on to the next and so on.
Nope, by your logic, smarter would be start with new and still worthless alternative coin.
Litecoin is already too much expensive + useless
I think it would be wise to invest a little in some of the other up-and-coming cryptos.
And Litecoin's aren't really expensive, nor are they useless. Like any currency or commodity they're only worth what people are willing to pay. They're currently hovering under the $10 mark, and anyone who invested a little in these a few months ago has made a tidy profit. Same thing will probably happen with others cryptos in the next few months. Who knows? It's exciting to see how the markets play out for cryptos.
I would preffer creating my own wortless altcoin instead of pumping my money to worthless altcoin
If you want to mine on alts only for the profit, do it here -> http://middlecoin.com/ or here -> https://www.multipool.us/ or what ever multi pool you want. It's easy and profitable.
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bitcoin are so much expensive now , and litecoin are so much cheaper people start accepting them as well
And this will have a knock on-effect. Once BTC price gets ridiculous - maybe it already has - people will just invest in the next biggest currency; Litecoin. Then when Litecoins get too pricey; on to the next and so on.
Nope, by your logic, smarter would be start with new and still worthless alternative coin.
Litecoin is already too much expensive + useless
I think it would be wise to invest a little in some of the other up-and-coming cryptos.
And Litecoin's aren't really expensive, nor are they useless. Like any currency or commodity they're only worth what people are willing to pay. They're currently hovering under the $10 mark, and anyone who invested a little in these a few months ago has made a tidy profit. Same thing will probably happen with others cryptos in the next few months. Who knows? It's exciting to see how the markets play out for cryptos.
yeah stay away from altcoin, sux hacker currency
Thanks for the heads up
I my opinion litecoin is a good choice for noobies too.
Not really useless, you can purchase several things with them, for example BTC or USD.... That's something. And the same infrastructure (software, wallet sites, cryptocurrency debit cards etc) that are being developed for Bitcoin should be easily adapted or expanded to other coins. The only danger is that all cryptocurrency will die and I think I'll gamble that it will survive.
bitcoin are so much expensive now , and litecoin are so much cheaper people start accepting them as well
And this will have a knock on-effect. Once BTC price gets ridiculous - maybe it already has - people will just invest in the next biggest currency; Litecoin. Then when Litecoins get too pricey; on to the next and so on.
Nope, by your logic, smarter would be start with new and still worthless alternative coin.
Litecoin is already too much expensive + useless
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bitcoin are so much expensive now , and litecoin are so much cheaper people start accepting them as well
And this will have a knock on-effect. Once BTC price gets ridiculous - maybe it already has - people will just invest in the next biggest currency; Litecoin. Then when Litecoins get too pricey; on to the next and so on.
I am interested in Litecoins and Peercoins but the main player is definitely Bitcoin.
bump for n00bs sake!
I bought 100$ worth of Litecoin just in case. No biggie if it doesn't go nowhere. But on hand in-case it does.
Just for reference...
This thread started 2 months ago, when 1 mastercoin was worth 0.01BTC , look at the values now
An exchange for the msc will be up soon enough..
This thread started 2 months ago, when 1 mastercoin was worth 0.01BTC , look at the values now
An exchange for the msc will be up soon enough..
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