ITT: people recommend the coins they are invested in.
Exactly 
Topic: What altcoin should we be buying now for greatest ROI? - page 3. (Read 4062 times)
Just in the last couple of days people bought all my devcoin sell offers up all the way through to 29 satoshis, so yeah it does go up, at moments, for moments.
But there are more and more new authors joining Devtome who seem to just want to cash out, so of course those higher prices are just momentary; if you sat such prices on the buy side the authors would sell into them as many coins at it took to bring the price down again. The trick is to sit waiting, not to go oh I want an order to be executed right now.
Devtome might just be a massive mistake for the devcoin project, since it pays people who have no interest in free open source, instead of seeking out authors who already have a lifestyle of contributing to free open source writing(s).
Basically it seems to have abandoned the original idea of rewarding people who already do freely contribute to free open source projects, on some theory that eventually this way it will make money from advertising and that money can be used to support the real goals.
Going off chasing money instead of the real ideals may have kind of not turned out so great afterall.
-MarkM-
But there are more and more new authors joining Devtome who seem to just want to cash out, so of course those higher prices are just momentary; if you sat such prices on the buy side the authors would sell into them as many coins at it took to bring the price down again. The trick is to sit waiting, not to go oh I want an order to be executed right now.
Devtome might just be a massive mistake for the devcoin project, since it pays people who have no interest in free open source, instead of seeking out authors who already have a lifestyle of contributing to free open source writing(s).
Basically it seems to have abandoned the original idea of rewarding people who already do freely contribute to free open source projects, on some theory that eventually this way it will make money from advertising and that money can be used to support the real goals.
Going off chasing money instead of the real ideals may have kind of not turned out so great afterall.
-MarkM-
Plus devtome is largely a shithole filled with copypasted wikipedia articles and other lifted content.
I like the concept of devcoin, but it's execution has been horrific.
I like the concept of devcoin, but it's execution has been horrific.
DeVCoin, maybe? It is so cheap right now that even a satoshi either way in price is nearly 5% ...
Yet in the past it has gone for 300 satoshis or more.
-MarkM-
no way devcoin is ever going up in price again its been goign down consistently for at least half a year, and by a lot, its unlimited amount of coins that can be made make it inflationaryYet in the past it has gone for 300 satoshis or more.
-MarkM-
Maybe I should keep my holding at $30 then
DeVCoin, maybe? It is so cheap right now that even a satoshi either way in price is nearly 5% ...
Yet in the past it has gone for 300 satoshis or more.
-MarkM-
no way devcoin is ever going up in price again its been goign down consistently for at least half a year, and by a lot, its unlimited amount of coins that can be made make it inflationary Yet in the past it has gone for 300 satoshis or more.
-MarkM-
I'm not involved with any coins other than holding btc and xpm currently, so a little bit less biased than some... I look for coins challenging the proof of work model because any copycat coin won't be the 100-fold return. Primecoin is possibly a half year old now and is up there in market cap alongside the veteran coins. I'm putting my money into eMunie on launch which is not a fork of any current development. Might want to check that out. I'm also trying curecoin on launch this weekend.
I'm not suggesting that things like bitcoin, litecoin, and ppcoin aren't good investments, just that if you are looking for a fast high ROI to multiply your bitcoin-buying, litecoin-buying and/or peercoin-buying budget with you probably want things that are dirt cheap but that aren't non merged mined coins that are proof of work using a proof of work that dozens of other coins also use, because the miners jump all over the place so most such coins are probably doomed.
Even a new proof of work could easily find at any moment that dozens of other coins that spring up overnight suddenly turn out to also use it so might not be any better really than the already common scrypt and SHA proofs of work.
That keeps bringing me back to the merged mined coins but also looking around for any proof of stake coins that aren't massively overstaked by their pre-mine or too high difficulty for me to easily rake in solo mining.
(I look at things like Emerald for example that one can snap up a bunch of overnight solo just in case they ever take off.)
-MarkM-
Even a new proof of work could easily find at any moment that dozens of other coins that spring up overnight suddenly turn out to also use it so might not be any better really than the already common scrypt and SHA proofs of work.
That keeps bringing me back to the merged mined coins but also looking around for any proof of stake coins that aren't massively overstaked by their pre-mine or too high difficulty for me to easily rake in solo mining.
(I look at things like Emerald for example that one can snap up a bunch of overnight solo just in case they ever take off.)
-MarkM-
Yeah, that's exactly what I was trying to get at with this thread, coins that could return 100x your investment easier than others. As you say, a change from $0.01 to $1 is more likely than $1 to $100, simply due to human psychology. Then the problem becomes picking the most likely cheap coin that has potential to achieve the $1 mark
So far thanks to this thread I've decided:
- To buy $100 of devcoins, $30 already purchased.
- To seriously look into namecoin, and possibly buy $100-$500 worth of it after I learn more about it.
I'm not suggesting that things like bitcoin, litecoin, and ppcoin aren't good investments, just that if you are looking for a fast high ROI to multiply your bitcoin-buying, litecoin-buying and/or peercoin-buying budget with you probably want things that are dirt cheap but that aren't non merged mined coins that are proof of work using a proof of work that dozens of other coins also use, because the miners jump all over the place so most such coins are probably doomed.
Even a new proof of work could easily find at any moment that dozens of other coins that spring up overnight suddenly turn out to also use it so might not be any better really than the already common scrypt and SHA proofs of work.
That keeps bringing me back to the merged mined coins but also looking around for any proof of stake coins that aren't massively overstaked by their pre-mine or too high difficulty for me to easily rake in solo mining.
(I look at things like Emerald for example that one can snap up a bunch of overnight solo just in case they ever take off.)
-MarkM-
Even a new proof of work could easily find at any moment that dozens of other coins that spring up overnight suddenly turn out to also use it so might not be any better really than the already common scrypt and SHA proofs of work.
That keeps bringing me back to the merged mined coins but also looking around for any proof of stake coins that aren't massively overstaked by their pre-mine or too high difficulty for me to easily rake in solo mining.
(I look at things like Emerald for example that one can snap up a bunch of overnight solo just in case they ever take off.)
-MarkM-
ITT: people recommend the coins they are invested in.
I would have thought Peercoin would be a good one. It's been around for a good while now, has a big following and a mostly stable exchange at the moment. Plus doesn't seem to suffer from the same ASIC on / ASIC off difficulty fluctuations of other coins
Yeah but anything that is already worth that much has less room to multiply in value before hitting some value people will perceive as high and develop resistance at.
Things currently going for less than a penny are probably best, or if you must maybe consider something that is already up at a dime or so...
Most things worth a buck aren't likely to jump to $100 very fast, at least probably less fast than something going for a penny might jump to a buck.
-MarkM-
Yep good point. Guess it's not the best one to make a quick buck on
I'm hoping Zetacoin might jump up at some point. Someone was kind enough to sell me 250,000 for something like 0.03 BTC - It seems to be pretty stuck in the low end now though. Should have sold when it was at 0.000004 for that brief time.
@MarkM,
I though that the domain fix was happening at block 150,000 with the hard fork- its what I was talking about. I might be mistaken.
Aside from that, I just checked Mastercoin prices, apparently it's gone up 100 percent from 0.1 to 0.2 btc in the seven days since I bought it.
I though that the domain fix was happening at block 150,000 with the hard fork- its what I was talking about. I might be mistaken.
Aside from that, I just checked Mastercoin prices, apparently it's gone up 100 percent from 0.1 to 0.2 btc in the seven days since I bought it.
I would have thought Peercoin would be a good one. It's been around for a good while now, has a big following and a mostly stable exchange at the moment. Plus doesn't seem to suffer from the same ASIC on / ASIC off difficulty fluctuations of other coins
Yeah but anything that is already worth that much has less room to multiply in value before hitting some value people will perceive as high and develop resistance at.
Things currently going for less than a penny are probably best, or if you must maybe consider something that is already up at a dime or so...
Most things worth a buck aren't likely to jump to $100 very fast, at least probably less fast than something going for a penny might jump to a buck.
-MarkM-
I would have thought Peercoin would be a good one. It's been around for a good while now, has a big following and a mostly stable exchange at the moment. Plus doesn't seem to suffer from the same ASIC on / ASIC off difficulty fluctuations of other coins
OP was asking about greatest ROI. The greatest gains have already occurred in established alts. compared to the possibility of lower market cap alts. As with any form of investment, if you want a higher return you have to take on greater risk. If it was an obvious investment, everyone jumps on the train and returns reduce rapidly..
On that note, lets bring back up the supposedly "dead" coins. People thought BBQcoin was dead for a year, allowing people to rack up huge hoards of it using only CPUs.
That was the best ROI by far.
Look at things like Fairbrix, Tenebrix, Coiledcoin, and Geistgeld, especially those last two as they are merged mined. Fairbrix and Tenebrix might well suffer whatever fate awaits all this year's scrypt coins, but Coiledcoin and Geistgeld might easily be "sleepers"... As soon as they get picked up by a meged mining pool boom they will catapult in difficulty like I0Coin did on its comeback and like Groupcoin did when it was picked up almost incidentally alogn with I0Coin.
Which come to think of it, hey, is Groupcoin on an exchange yet? It might be a good candidate because it is on the merged mining pool same as I0Coin but maybe unlike I0Coin it might not be on an exchange yet so you might be able to pick some up cheap over the counter before it gets on any exchanges...
Coiledcoin and Geistgeld though you don't even have to buy, just add them to your merge so they are basically damn near free right now until some major merged mining pool picks them up!
-MarkM-
I'm about to buy $50 of it though, you never know right? :-)
Well just place an offer, as lately people sell more often than people buy. So don't bother accepting a seller's offer, place your buy offer and wait for them to come to you. Every satoshi difference in the price is a large percentage remember!
-MarkM-
Tagcoin
I don't know about you guys, but I personally like alt-coins that are a bit established. Those that have some history of active development and an active community behind it. At the moment that'd be Litecoin, Peercoin/Primecoin, and Namecoin. Everything else is too great of a risk to put any significant amount of $$ into (but good to throw your spare change at!).
OP was asking about greatest ROI. The greatest gains have already occurred in established alts. compared to the possibility of lower market cap alts. As with any form of investment, if you want a higher return you have to take on greater risk. If it was an obvious investment, everyone jumps on the train and returns reduce rapidly..
What namecoin fix? I didn't know it needed another fix already so soon after the fix they did a while ago - fixing the thing where anyone could hijack anyone's domains.
Maybe the problem they fixed came to more people's attention than did their fix of it?
-MarkM-
Maybe the problem they fixed came to more people's attention than did their fix of it?
-MarkM-
Namecoin, it's fix is going to be implemented within the next couple of weeks, and its old price fluctuated between 3x and 6x its current ones(priced in btc).
Ppcoin/Peercoin is the first POS coin, and has a very active developer. It's community has recently started to become much more active, hence the price rise from 40 to 65 cents ea. I expect it'll probably begin rivaling litecoin sometime in the next three months.
Mastercoin, Seems interesting- I bought a couple- it isn't really functional yet, but has a couple million dollars invested in development/bounties/etc... And is money supply is limited to 600,000 coins, one of which is currently around 0.1 btc ea.
Primecoin- less than the others, but its still pretty new, and at it's all time low in terms of btc, has pretty much remained constant in terms of usd.
Ppcoin/Peercoin is the first POS coin, and has a very active developer. It's community has recently started to become much more active, hence the price rise from 40 to 65 cents ea. I expect it'll probably begin rivaling litecoin sometime in the next three months.
Mastercoin, Seems interesting- I bought a couple- it isn't really functional yet, but has a couple million dollars invested in development/bounties/etc... And is money supply is limited to 600,000 coins, one of which is currently around 0.1 btc ea.
Primecoin- less than the others, but its still pretty new, and at it's all time low in terms of btc, has pretty much remained constant in terms of usd.
Very interesting points, care to elaborate the namecoin fix? Any links you could share on that? Thank you!
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