To continue buying cheap or to develop?

alt19

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Quote from: AtheistAKASaneBrain on April 27, 2015, 04:58:27 AM

Trying to pick up cheap, quasi dead coins in hopes for a pump is exactly the same as going to a casino and trying to win at high stakes. You are better off researching a good project and investing a reasonable amount than waiting for that perfect pump.

It's common point of view, but you forget that markets behaviour is not logical: less than 10 percent of traders win.
How about 'contrary thinking'? Probably you've heard this 'A million-to-one chance succeeds nine times out of ten'?

How to guess? There are not too many abandoned coins at Cryptsy with market cap less than $100,000.
Sometimes one or another crypto allows to sell it significantly higher. Other coins could be waiting in portfolio till their time come. If 1 from 50 coins makes 5,000% profits (it happens) then 50 coins portfolio total value adds more than 100%, even if other 49 coins stagnate, not bad.

'Investor' doesn't mean 'trader', 'trader' doesn't mean 'manipulator'. 'Whale' doesn't mean 'dev'. 'Devs' or 'whales' don't mean 'manipulators' or 'traders'.
Altcoin world has a lot of players, a lot of interests, and it's pretty unique system. It's interesting. More interesting, than just BTC, or LTC.

To invest money into a 'good project'? It's not simple to find one.

Quote from: gjhiggins on April 27, 2015, 07:00:50 AM

An intriguing insight and an excellent question ... because I've been asking it of myself recently

Thank you

gjhiggins

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Quote from: alt19 on April 25, 2015, 01:46:16 PM

But how to decide where is a final point? When to stop 'to have' and start 'to be'?

What do you think? When will a final countdown begin?

An intriguing insight and an excellent question ... because I've been asking it of myself recently

I'm fortunate enough that I'm not obliged to find an answer because I'm accumulating in order to fund a very deep public faucet, not for personal gain.

I have three coins on slow accumulation, 2 @4m coins, 1 @1m currently. All three maintained at 0.00X difficulty by one crontab-controlled mining thread allocating 10m each hour to keep the blockchain alive, balance each night send to local address (the other 3 x 10m slots are devoted to TLC for other coins).

However, now that you've raised the issue, I realise that the essential worthlessness of the coins I'm accumulating and the age of the codebase does kind of suggest that the faucet users might be far better served by a new, dedicated coin.

The steady migration of well-supported alts to the (new! improved! tx malleability fix!) Bitcoin 0.10 codebase could be argued as starting to create a product differentiation all of its own. I can see the tough-minded making a harsh argument: not on 0.10, then shitcoin. That's enough to prompt me to consider how much it acts to undermine the rationale for a “ninja rebirth” tactic, or (sadly) a deep faucet.

Cheers

Graham

AtheistAKASaneBrain

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Trying to pick up cheap, quasi dead coins in hopes for a pump is exactly the same as going to a casino and trying to win at high stakes. You are better off researching a good project and investing a reasonable amount than waiting for that perfect pump.

EMIF

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Activity: 132

Merit: 100

a-)Buying cheap abondoned coins is gambling.
b-)To continue developing them is waste of time.

a-) There are too much uncertainity for altcoins at all. Its very hard to know which alt is gonna pump except whales and manipulators.So, buying an abandoned coin carries just too much risks. And basically, you are gambling when you buy them at cheap prices.

b-) If some altcoin didnt get enough traction , then there is no way to revive it. If its dead or about to die, let it die. This is good for everyone's benefit.

So what would I do?

I prefer a) because I would just lose some small amount money not my very valuable time. And even if I prefer a) , I would be very careful when dealing with very low volume altcoins. I have suffered in the past too much.

spartak_t

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@FAILCommunity

Quote from: alt19 on April 25, 2015, 01:46:16 PM

What do you think?

Launching new coins is pointless as there are already hundreds out there. New coins are all launched with 2 "ideas":
- Pump and dump (i.e. making easy money)
- Waste people's time (and distract them from cryptocurrencies)

Cryptoworld is speculative one, but there is no need most of the people to lose in it. It is perfectly understandable that you can't always win, but I think losses can't be reduced and in this way more people will keep their interest in cryptocurrencies (and more will be involved).

If you have some particular developing skills, and you are open and honest, you might wanna check FAILCoin, but keep in mind that if you are interested:
- We must talk a lot more than that.
- You must be checked by our main dev to see if you are capable enough.

What I can offer you is nice % of the coin, good community (and friends) and something that actually has some idea behind it.

Cheers,
Spartak

tokeweed

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Life, Love and Laughter...

MicroGuy

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Quote from: alt19 on April 25, 2015, 01:46:16 PM

1. Some old abandoned but bright coins (with market cap less than 100,000 usd or less than 10,000) are being revived now, not fast.
2. To have a strong motivation to develop a coin their devs need to have pretty large their own share in it. So they need to buy their stake first.
3. But buying a large amount of these pretty unliquid coins is not quite simple task, especially if you want to buy them cheap.
4. Devs understand that even small development of low cap coin will throw up its price dramatically.
5. So they have a choice: to continue slow accumulation at low price levels (not fast) or to start active developing (and forget about buying cheap).

In my opinion it's normal that devs want to be awarded for their work and want to buy some coins before active development stage.
We see quiet accumulation in many low-cap coins all last year long.
But how to decide where is a final point? When to stop 'to have' and start 'to be'?

What do you think? When will a final countdown begin?

These are terrific questions!

I think you find the next Satoshi and you've found your winner. The Steve Jobs of the Altcoin world is among us.

alt19

sr. member

Activity: 328

Merit: 250

Maybe it's investor's point of view.
But as it seems devs usually are tech guys with specific mentality and they are far from trading and investments and they are rather thrifty and usually don't have money to waste for pumps (as well as for any promoting that takes money). And good players avoid price manipulating.
As for these tech guys it seems they would prefer accumulate coins for the cheapest possible prices and never will spend extra unnecessary Satoshi.

But thank you for your comment.
A question is quite theoretical, something like the behavior of players in economics.
But it could be interesting for real investors.

Other ideas? What could break the ice?

forlackofabettername

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Merit: 100

You want share? Just buy it up 10% to 100% and then stop buying and wait for the sellers. Then you can buy that big dump. That's how you get quick share of any size. The way you do it, it takes ages. Spend 10$ more and save 3 months time so you can develope after having your bags full Wink

Pump it a little. People will dump on the decline. Wink

Coins are so incredible cheap right now you can't rely on much lower prices than this.

alt19

sr. member

Activity: 328

Merit: 250

1. Some old abandoned but bright coins (with market cap less than 100,000 usd or less than 10,000) are being revived now, not fast.
2. To have a strong motivation to develop a coin their devs need to have pretty large their own share in it. So they need to buy their stake first.
3. But buying a large amount of these pretty unliquid coins is not quite simple task, especially if you want to buy them cheap.
4. Devs understand that even small development of low cap coin will throw up its price dramatically.
5. So they have a choice: to continue slow accumulation at low price levels (not fast) or to start active developing (and forget about buying cheap).

In my opinion it's normal that devs want to be awarded for their work and want to buy some coins before active development stage.
We see quiet accumulation in many low-cap coins all last year long.
But how to decide where is a final point? When to stop 'to have' and start 'to be'?

What do you think? When will a final countdown begin?

Topic: To continue buying cheap or to develop? (Read 641 times)