Topic: VOTE - POLL How many of us are here for a cryptocoin other than Bitcoin? - page 4. (Read 3251 times)

Exactly, that's why the only use of these coins is to pump and dump them. Get in early and nine whilst it's still profitable and then sell or swap for a useful currency like BTC.

Not everybody needs to mine at all. People can just buy coins. If you were going to just buy coins instead of mining which one would you buy? If you can't justify buying a coin to use as money for purchases why mine it at all? I don't think overstock.com will be accepting doge anytime soon.

Not everybody has to be a BTC miner. You can make your BTC mining other coins like this guy did. Any coins that have any longevity will eventually become unprofitable to small-time miners, so you just move on to another and trade the coins you make for BTC and it's essentially the same.

That seems like a recurring theme. People would like to be here for Bitcoin only but they feel that the cost of entry is too high for them. The community needs to solve that problem if they want more widespread use. Maybe it is time to spread the concept of mBTC or some other sub-whole-coin system.

That seems like a recurring theme. People would like to be here for Bitcoin only but they feel that the cost of entry is too high for them. The community needs to solve that problem if they want more widespread use. Maybe it is time to spread the concept of mBTC or some other sub-whole-coin system.

When I read up about Ripple, and how it is all sold or handed out by one "for profit" I instantly lost interest, I'd rather invest in fiat or a precious metal. Also the current market cap is not real because only a small % has been released into circulation.

Interesting, so far only 12.8% of new members are here exclusively for Bitcoin.

I kinda think most other crypto currencies will die out.  I am, however, excited about Ripple. 

Came for LiteCoin, staying for WorldCoin

Although I've done best in the  two days I mined lottocoin just after launch - converted at cryptsy to btc then wdc first few hours of listing. Hope I can match that profitability again it was phenomenal. Basically ended up with a months worth of WorldCoin (what I would mine at my hash rate) in two days.

The bitcoin ship has sailed entirely, there's really no money to be made off them; save market speculation.  Even that's pointless unless you have a LOT of capital, which no one pursuing cryptocurrencies really has: we're all after the fountain of youth.

I sit around and watch the boards and look for new coins coming out and look for hype, news, and allocate my measly 650 k/hash (7950 & cpu) accordingly.  mined 500k dogecoins before the difficulty and popularity sky rocketed, now I watch the market for them very closely.  I bought a million of them at 26 satoshis, so I'm up quite a bit at the moment.

besides all that I recently purchased the intelligent investor and  security analysis and I am learning everything I can about stocks, options, and futures.  I have a 1,000 dollar stock portfolio which I monitor daily and I've seen some success with my tiny amount of capital.

I think capitalism is a beautiful thing.  All of us have the opportunity to make all the money in the world, all we need is a little bit of capital.  Armed with nothing but knowledge, moderation, and restraint 1,000 can become 10,000 dollars, or even 100,000 dollars.  I would advise everyone to never be intimidated by anything and search out the profit and the money of the economy.  That's what got me into real finance and that's also what got me into cryptocurrencies.