Topic: Profit with Altcoin(s) (Read 1309 times)
I think all the coins which have a market capitalization of above $10 million will be good enough to trade with and most of these coins will have good movement throughout the year and it would be wise to invest in these in the long term and if you are trading then it would give you a good profit
It all comes to power cost imo, if you mine any coin it could be profitable no matter the price only if you can find cheap electricity otherwise you'll end up at loss.
actually this is wrong because price matter and it matters a lot specially when you are mining it. because even with the cheapest electricity you are still spending money for mining that coin. mostly your initial investment for the equipment and the electricity cost.
so for example of some coin is worth 1000 satoshi you can not mine it and make any profit but if it is worth 0.01BTC then you may have a chance.
check out that site (i think it was called) coinwarz and you can get the gist of what i mean.
not sure if this is right, because with zero electricity you can mine everything and have your profit, no matter how much the coin cost, but it's true that you can make more if the price of that coin increase
I agree that with no cost electricity while mining can gives you an advantage over those who are mining with an electricity cost, you can sell your mined coins at a lower price but still with a profit. Or you can sell it with the same price as others and have more profit. This is for the coin that is mineable but for those coins that are ICO and at 100% PoS, some coins like ETH, Monero, DASH, had proven themselves that you can gain profit if you play with their market.
I am not interested in this topic.
Mintcoin (MINT)
Long-term uptrend vs Bitcoin especially considering more than just price, the fact Mintcoin pays an annual percentage rate like a dividend so your balance of coins goes up too if you mint your coins.
www.coinmarketcap.com/currencies/mintcoin/#charts
Long-term uptrend vs Bitcoin especially considering more than just price, the fact Mintcoin pays an annual percentage rate like a dividend so your balance of coins goes up too if you mint your coins.
www.coinmarketcap.com/currencies/mintcoin/#charts
It all comes to power cost imo, if you mine any coin it could be profitable no matter the price only if you can find cheap electricity otherwise you'll end up at loss.
actually this is wrong because price matter and it matters a lot specially when you are mining it. because even with the cheapest electricity you are still spending money for mining that coin. mostly your initial investment for the equipment and the electricity cost.
so for example of some coin is worth 1000 satoshi you can not mine it and make any profit but if it is worth 0.01BTC then you may have a chance.
check out that site (i think it was called) coinwarz and you can get the gist of what i mean.
not sure if this is right, because with zero electricity you can mine everything and have your profit, no matter how much the coin cost, but it's true that you can make more if the price of that coin increase
There is no sure thing anywhere, the most important thing is to have a working trading strategy and be discipline enough to stick to it, diversify your portfolio into top 50 tokens on coinmarketcap.com also don't get emotionally attached to any project they are all in trial phase and most of them will die soon.
not more expensive for some reason iconomi
I think only coin you can make good profit at the moment is ICN.Price can go up to $10 before the new year.The team is very professional and they're working hard to make this coin better everyday.They Collected more than $10 million from ICO.I think this is the best time to buy ICONOMI.
On my side im not settled to trade on just 1 or two coins since some of them might gonna die and we can possibly lost some money for that, and my i merely join the thrend and trades those newly added ico altcoins like xaur,antshare,pesobit and many more and yet im earning good with the new flaws of it, and i really think those old coins are bit risky since it is stable and maybe might not move for long time.
I think ZCASH/ETH/ and maybe factom? but as far as I know zec and eth with dash and monero currently are the most profitable alt coins.
Oh you want list and chart? good luck then, only profitable coins are eth/dash/monero and a few others.
You're missing about zec dude, the hottest one and already make a lot of profit for the traders, especially for the miners. i are you don't think if that's also worth get a mentioned in your list too? 
It all comes to power cost imo, if you mine any coin it could be profitable no matter the price only if you can find cheap electricity otherwise you'll end up at loss.
actually this is wrong because price matter and it matters a lot specially when you are mining it. because even with the cheapest electricity you are still spending money for mining that coin. mostly your initial investment for the equipment and the electricity cost.
so for example of some coin is worth 1000 satoshi you can not mine it and make any profit but if it is worth 0.01BTC then you may have a chance.
check out that site (i think it was called) coinwarz and you can get the gist of what i mean.
It all comes to power cost imo, if you mine any coin it could be profitable no matter the price only if you can find cheap electricity otherwise you'll end up at loss.
when it comes to altcoins you can only make profit if you trade them in short term. in other words I believe that 6 months for example is a long time for thinking about holding an altcoin and wishing for its price to go up.
if you choose multiple altcoins and trade them one after another then you may have a better chance of making a consistent profit in 6 months for example instead of doing it with only one altcoin.
if you choose multiple altcoins and trade them one after another then you may have a better chance of making a consistent profit in 6 months for example instead of doing it with only one altcoin.
i am not sure about this because as far as i am trading, there is always moving trend which is up and down and we all know about it. and if you want to search which altcoin have producing profit more than the last six months, then the answer is no altcoin which have this conditions.
Its normal to trading with the price movement and fluctuations due to the law of supply and demand.What is not normal is the manipulation of big whales out there,the pump and dump group which affects the prices. That is why,much better if you have many sources much better if insider sources directly working with the developer.
i am not sure about this because as far as i am trading, there is always moving trend which is up and down and we all know about it. and if you want to search which altcoin have producing profit more than the last six months, then the answer is no altcoin which have this conditions.
I'm looking for altcoins being more profitable than BTC in long term (six month and longer).
Of course short time trading of several altcoins offers great opportunities if you know what you are doing, but that's not the subject of this thread.
It seems to me that almost any altcoin goes south against BTC after some time (even the successful projects).
I'm wondering why it is so difficult for any altcoin to keep value against BTC in the long term.
Oh you want list and chart? good luck then, only profitable coins are eth/dash/monero and a few others.
thanks for the hint but it seems to me that investing into DASH and/or ETH six month ago, you would be on loss against BTC, today.
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i am not sure about this because as far as i am trading, there is always moving trend which is up and down and we all know about it. and if you want to search which altcoin have producing profit more than the last six months, then the answer is no altcoin which have this conditions.
Oh you want list and chart? good luck then, only profitable coins are eth/dash/monero and a few others.
Hey guys,
this thread is for curiosity
Out there in the wild, there are many, many Altcoins. It's really hard to find the sources of stable revenue in this jungle.
I think "stable revenue" and trading crypto coins might not go together. this thread is for curiosity
Out there in the wild, there are many, many Altcoins. It's really hard to find the sources of stable revenue in this jungle.
Tell us a coin you are thinking of buying and someone (maybe me) can comment
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