For more on what might come true check https://bitcointalksearch.org/topic/phoenixcoin-pxc-an-epic-speculation-1342936
Topic: The best buy right now is not Bitcoin, it is ALTCOINS (Read 7482 times)
"I told you!" bump!
For more on what might come true check https://bitcointalksearch.org/topic/phoenixcoin-pxc-an-epic-speculation-1342936
For more on what might come true check https://bitcointalksearch.org/topic/phoenixcoin-pxc-an-epic-speculation-1342936
Altcoins are way to risky. I would net recommend trading it without some practice or guidance from an expert.
You will end up losing loads of money else.
You will end up losing loads of money else.
Coins with PoW that waste a ton of electricity sure are the future right? Nothing gets investors excited like a coin that requires ever expanding resources in order to secure the network.
Money must be expensive to create. That's what gives it value.
A rock that came from a planet a thousand light years away is more valuable than a child's macaroni art.
A coin that was forged through millions of computers all competing using a network measured in zettahashes (PoW) is more valuable than a coin given out to someone for sitting on a large stack of already minted coins (PoS).
You may not understand money as well as you think. It's not a bug that Bitcoin or Monero is so hard to create - it's a feature.
If you waste all available energy on mining some PoW coin you will end up with zeroes and ones stored somewhere (HDDs or whatever) that are useless because you have no energy to start the show. Or if we go hardcore physics, since everything is energy, you would end up with nothing, literary. Right there you should see a big difference BTC vs anything physical. BTC is immaterial and requires so many things to function in order to be of some use while everything material stands on it's own. Gold and diamonds are pretty much indestructable and you don't have to use any energy or whatever else to maintain their qualities and properties. Hence all cryptocoins suck in a grand scheme of things.
If it is not up to human greed and a need to secure the network (so failed specie we are) one could run the show with average computer.
"We poured money into it, therefore it should be valuable" is an absurd statement. Moore's law will make it so that only those with a monetary interest will secure the network, and only those with money will be able to do so. Using millions of computers to create a coin and having that be the basis of value is not logical system for a currency. Comparing a space rock to macaroni art is a terrible example.
If bitcoin fails, every altcoin will fail. It does not matter if some altocoins have better technology or not.
Ohh, one of the epic bullshits rotating around cryptocoin community.
Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.
If bitcoin fails, every altcoin will fail. It does not matter if some altocoins have better technology or not.
For any altcoin to succeed, bitcoin must be well. And only altcoins that provide something that bitcoin does not, can be alongside bitcoin. Whether these are faster confirmation (e.g. litecoin), anonymity (e.g. monero) or using computer power for science (e.g. gridcoin), etc.
Coins with PoW that waste a ton of electricity sure are the future right? Nothing gets investors excited like a coin that requires ever expanding resources in order to secure the network.
Money must be expensive to create. That's what gives it value.
A rock that came from a planet a thousand light years away is more valuable than a child's macaroni art.
A coin that was forged through millions of computers all competing using a network measured in zettahashes (PoW) is more valuable than a coin given out to someone for sitting on a large stack of already minted coins (PoS).
You may not understand money as well as you think. It's not a bug that Bitcoin or Monero is so hard to create - it's a feature.
If you waste all available energy on mining some PoW coin you will end up with zeroes and ones stored somewhere (HDDs or whatever) that are useless because you have no energy to start the show. Or if we go hardcore physics, since everything is energy, you would end up with nothing, literary. Right there you should see a big difference BTC vs anything physical. BTC is immaterial and requires so many things to function in order to be of some use while everything material stands on it's own. Gold and diamonds are pretty much indestructable and you don't have to use any energy or whatever else to maintain their qualities and properties. Hence all cryptocoins suck in a grand scheme of things.
If it is not up to human greed and a need to secure the network (so failed specie we are) one could run the show with average computer.
thanks for all the advice
Coins with PoW that waste a ton of electricity sure are the future right? Nothing gets investors excited like a coin that requires ever expanding resources in order to secure the network.
Money must be expensive to create. That's what gives it value.
A rock that came from a planet a thousand light years away is more valuable than a child's macaroni art.
A coin that was forged through millions of computers all competing using a network measured in zettahashes (PoW) is more valuable than a coin given out to someone for sitting on a large stack of already minted coins (PoS).
You may not understand money as well as you think. It's not a bug that Bitcoin or Monero is so hard to create - it's a feature.
Many people here are bashing PoS coins because of one (1) stupid article where author calculated that if the biggest NXT forger continues forging for like 1000 years he will get 51% of total coins. Absolutely laughable. Like, he is that stupid to compromise his enormous wealth by actualy performing 51% attack. Just like Satoshi is stupid and will one day dump his incredibly massive BTC bags down to zero USD.
In the other news, Factom (FCT) is +70% for the day with 2,500+ BTC volume.
https://poloniex.com/exchange#btc_fct
In the other news, Factom (FCT) is +70% for the day with 2,500+ BTC volume.
https://poloniex.com/exchange#btc_fct
I'm just going to put this out there since every altcoin scammer is piling on this topic to try to pump their shit:
If there are ANY of the following words associated with an altcoin, it is shit-tier:
- presale
- IPO
- proof-of-[anything but work]
- staking
- affiliate
- masternode
- pump
- interest
- shares
So far the only valid 'proof' discovered that can scale economically is proof-of-work. Proof-of-stake is flawed for a currency until further notice.
I'm just going to put this out there since every altcoin scammer is piling on this topic to try to pump their shit:
If there are ANY of the following words associated with an altcoin, it is shit-tier:
- presale
- IPO
- proof-of-[anything but work]
- staking
- affiliate
- masternode
- pump
- interest
- shares
So far the only valid 'proof' discovered that can scale economically is proof-of-work. Proof-of-stake is flawed for a currency until further notice, and unless a cryptocurrency has a chance to ascend to a Tier 2 economy (a transactional economy, and acting as *more* than just a speculative vehicle) then it is bunk. And unless a cryptocurrency significantly improves upon Bitcoin from a technological perspective (shuffling variables is not significant improvement) then it has no reason to exist.
I trade in altcoins and yes it can be good, since there are good times.
But there are also bad times. And these days those scam devs are getting better and better.
It's hard to say whom is true and honest and whom is a scammer.
But there are also bad times. And these days those scam devs are getting better and better.
It's hard to say whom is true and honest and whom is a scammer.
Good post and so true. I've watched the scam progression for the last two years. The scammers are getting more and more sophisticated. Its impossible to tell who is on the up and up. Better off not buying.
As far as buying older coins we know are not scams, they have decreased so much in value who knows if they will rebound or die. None of them seem to be making inroads to real world use.
Yes a seriously undervalued coin is DigiCube selling very cheap at the moment with 5.3% interest a day. Buy and stake only 4 days for stakestick to ship.
I trade in altcoins and yes it can be good, since there are good times.
But there are also bad times. And these days those scam devs are getting better and better.
It's hard to say whom is true and honest and whom is a scammer.
But there are also bad times. And these days those scam devs are getting better and better.
It's hard to say whom is true and honest and whom is a scammer.
if you are inexperienced, don't go for altcoins. It's not a nice investment.
Unless you like to lose your money. Then by all means invest loads in altcoins.
Unless you like to lose your money. Then by all means invest loads in altcoins.
I believe you must be right. Because no alt bitcoin moves on its own. They highly dependent on bitcoin prices. At the same time the risk of dump is more with any alt coin. To avoid alt coin I believe we don't need any experience, because I learned it from this forum only.
Altcoins is just nice when you are starting with bitcoin.
At least with it you can just learn how to trade and other stuff.
When you are just trying to earn money thru bitcoin and not having a lot experience that is true that you will lose money that is why I am going for bitcoin.
I made more money on altcoins like digibytes and diamond coins than bitcoins. You have to open your mind, be flexible and the first of rule of investing is DIVERSIFY. Most people stay with what's comfortable for them and they get slaughtered. Think outside the box if you want success. Do your research and only go for altcoins with 2 or more years of history.
if you are inexperienced, don't go for altcoins. It's not a nice investment.
Unless you like to lose your money. Then by all means invest loads in altcoins.
Unless you like to lose your money. Then by all means invest loads in altcoins.
I believe you must be right. Because no alt bitcoin moves on its own. They highly dependent on bitcoin prices. At the same time the risk of dump is more with any alt coin. To avoid alt coin I believe we don't need any experience, because I learned it from this forum only.
if you are inexperienced, don't go for altcoins. It's not a nice investment.
Unless you like to lose your money. Then by all means invest loads in altcoins.
Unless you like to lose your money. Then by all means invest loads in altcoins.
We'll see... Since new year they have a lot of power on goldmine, daily more than 30g of gold mined per day.
I always have an option to "melt" XAU so they send the physical gold to my home.
I always have an option to "melt" XAU so they send the physical gold to my home.
What a really nice fairytale!
We'll see
We'll see... Since new year they have a lot of power on goldmine, daily more than 30g of gold mined per day.
I always have an option to "melt" XAU so they send the physical gold to my home.
I always have an option to "melt" XAU so they send the physical gold to my home.
What a really nice fairytale!
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