Topic: What is the first thing you look for in a new cryptocurrency? (Read 1836 times)
for me first thing is innovation with real usability, it has to have reason for adopting by people, otherwise it is worthless.
February 22, 2016, 11:59:21 AM
For me:
1. I immediately check the algorithm. Is it POS (instant turn off), or some other gobblegook? If it sounds unique, I'll give it a chance.
2. IPO or even worse: pre-mine??
Do not pass go, do not collect 200 bits. FOAD.
3. Does it have a healthy community with a professional website, whitepaper, and non-shillbot comments?
1. I immediately check the algorithm. Is it POS (instant turn off), or some other gobblegook? If it sounds unique, I'll give it a chance.
2. IPO or even worse: pre-mine??
Do not pass go, do not collect 200 bits. FOAD. 3. Does it have a healthy community with a professional website, whitepaper, and non-shillbot comments?
1. Algo is important because of the network stability, however you can see pure POS coins with good network (NXT).
2. You are most likely right, but we've seen honest devs here with IPO or premine.
3. Just take a look at Garza's paycoin. That was professional, with a good community, everything was looking good at first. (BTW by using the right "callwords" everybody can build a good looking community.)
In my opinion real word business potential is an important point. E.g. a 77th weedcoin or a 34th anonymous coin is something what only moderately interesting. A professional looking new microtransaction coin is much more interesting.
February 22, 2016, 11:11:32 AM
i will check how many people Trust it.
I'll also check community point if more people support a coin I'll put my money their .
February 22, 2016, 04:30:04 AM
i will check how many people Trust it.
February 22, 2016, 04:26:24 AM
To think Bitcoin is the begging ant be all end game is dumber than the "trolls who pump shitcoins".
Bitcoin while great is extremely limited in terms of features. After the big fork we'll see what happens but I'm not to optimistic. I think bitcoin got the game going and if anything may be a store of value of some point, but up and comer alt coins with superior technology will be what people use to make transactions. It hasn't really happened yet but the merchants are wising up to have jammed the bTC network is and are starting to take the "second their of coins" out there
There are demands for consumers in certain markets. Um and coming coins are targeting explicitly that desire. Those will run the show for certain markets once they get the nod from the community. How that translates to price I'm not sure. It could take 3 months or 3 years for those coins to turn into $1000 coins.
Bitcoin while great is extremely limited in terms of features. After the big fork we'll see what happens but I'm not to optimistic. I think bitcoin got the game going and if anything may be a store of value of some point, but up and comer alt coins with superior technology will be what people use to make transactions. It hasn't really happened yet but the merchants are wising up to have jammed the bTC network is and are starting to take the "second their of coins" out there
There are demands for consumers in certain markets. Um and coming coins are targeting explicitly that desire. Those will run the show for certain markets once they get the nod from the community. How that translates to price I'm not sure. It could take 3 months or 3 years for those coins to turn into $1000 coins.
February 18, 2016, 03:20:15 AM
I'm sad insideDedicated troll(s). The more spiteful, angry, lying, deceitful, FUD-topic creating and logically challenged, the better.
Kill the Wabbit
Maybe all trolls are descendants of Australia's prison immigration?
February 15, 2016, 12:23:53 PM
I'm sad insideDedicated troll(s). The more spiteful, angry, lying, deceitful, FUD-topic creating and logically challenged, the better.
February 15, 2016, 12:16:39 PM
A """community'''' that hang's out at Bitcointalk spamming their "Speculation" Topic to the top of page 1 24/7 for years..
And it don't hurt to have a Forum game spamming too..
After all they are an asset for public adoption.
And it don't hurt to have a Forum game spamming too..
After all they are an asset for public adoption.
February 15, 2016, 11:34:21 AM
One thing I'd look for is whether the creator or development team of that currency is actively trying to recruit aboveboard vendors. This takes time and patience, so usually what I'll do is bookmark it so I can check back in six months or a year to see where they're at.
February 15, 2016, 10:24:34 AM
I check after some time - if there are many users Web around for this crypto. This is Nr.1 for me and most important. Then I check, if transfers are going ok 
February 15, 2016, 01:00:41 AM
For me are the features community and the people behind it .these are a coins survive in this environment,there are to many unblievers in these new technology ,the coin has to have a strong features that any one who discovers it ,will adopt,the community also plays a major factor on the success of any coins..
February 14, 2016, 11:44:38 PM
I never take any new altcoin seriously.
Then you won't necessarily buy at the very low prices if Bitcoin's adoption and price history is duplicated.
Of course though I agree with you, but I can analyze which coin will be the next Bitcoin so I will likely know it very early. You probably can't.
Yours would be the only altcoin I would not hesitate to buy right off the bat, no questions asked. And you are absolutely right about my skill set.
Thank you but that also makes me feel uncomfortable. Hopefully you will invest on the merits of the product, not just the developer. There is a big difference between talking here on the forum and performing as a developer. I have to make that transition.
Thanks again for the encouragement.
Maybe I can sign off with this message. Hope so...
February 14, 2016, 11:35:01 PM
I never take any new altcoin seriously.
Then you won't necessarily buy at the very low prices if Bitcoin's adoption and price history is duplicated.
Of course though I agree with you, but I can analyze which coin will be the next Bitcoin so I will likely know it very early. You probably can't.
Yours would be the only altcoin I would not hesitate to buy right off the bat, no questions asked. And you are absolutely right about my skill set.
February 14, 2016, 11:02:28 PM
I never take any new altcoin seriously.
Then you won't necessarily buy at the very low prices if Bitcoin's adoption and price history is duplicated.
Of course though I agree with you, but I can analyze which coin will be the next Bitcoin so I will likely know it very early. You probably can't.
February 14, 2016, 02:21:06 PM
I never take any new altcoin seriously.
If its been around for a couple years, still trading, and still worth something; then it must have something going for it.
If its been around for a couple years, still trading, and still worth something; then it must have something going for it.
February 14, 2016, 01:50:36 PM
So first we had Ethereum shrills making dozens of threads, and now Monero/Aeon shrills. 
You are lowering the reputation of Monero and Aeon, making them appear to be P&D shitcoin scams.
What a shame. And what a marketing dunce you are!
You are lowering the reputation of Monero and Aeon, making them appear to be P&D shitcoin scams.
What a shame. And what a marketing dunce you are!
This was a thread about all altcoins. Not every topic I make is automatically about my favorite currencies. The one that sparked this was my investigation of 'Expanse', and my disappointment at seeing they had a premine.
February 14, 2016, 08:27:40 AM
the most important thing about an altcoin which will interest me in first is its community and number of people supporting it. because as we all know if nobody likes the project even if it is good, it is not going to grow. so this is a deal breaker for me.
then after that I will look into the altcoin project itself to see if it is actually offering anything or just hype. it needs to have a good developer too, someone who knows what he is doing and is always active and improving his project.
I see you guys mentioning "premine" I have to say I will feel comfortable with investing in a coin with a massive amount of premine, because I will always live in the fear of the massive dump to come.
then after that I will look into the altcoin project itself to see if it is actually offering anything or just hype. it needs to have a good developer too, someone who knows what he is doing and is always active and improving his project.
I see you guys mentioning "premine" I have to say I will feel comfortable with investing in a coin with a massive amount of premine, because I will always live in the fear of the massive dump to come.
February 14, 2016, 07:41:26 AM
Its all written here by Wolong at what you should look in altcoins. Read and remember before you buy a coin to make money 
https://cryptofrenzy.files.wordpress.com/2014/02/god.pdf
https://cryptofrenzy.files.wordpress.com/2014/02/god.pdf
February 14, 2016, 06:58:32 AM
Legal funding options.
Profitable proof-of-work mining will always lead to centralization.
Happy Valentines Day. My gf said put hearts so here you go: ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥
Profitable proof-of-work mining will always lead to centralization.
Happy Valentines Day. My gf said put hearts so here you go: ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥
I could counter that a continual release of bots could create a self-replicating virus used to secure a coin's decentralization--think of it as Delueze's idea of capitalism as parasite taken to its logical conclusion.
Remember, when little shit countries defeat juggernaut empires, it's because they play by their rules
❤If there is profit in PoW mining, then the one who is best at bots will make the most profit. It is still centralization.
Sorry you can't win this argument. I thought it about it deeply. It is an inviolable and unarguable point.
The bots will be free-ranging and adaptable, or are you forgetting what you taught me about the information age?
I never taught you that humans will be less creative than bots nor that those with less resources will win that competitive race.
Dude, humans would be the ones adapting the bots the same way designer drug makers keep redesigning their wares every time the drug rules change--that is until AI exist. And those with less resources can win if they use better or unusual tactics--see history book.
February 14, 2016, 06:48:52 AM
Legal funding options.
Profitable proof-of-work mining will always lead to centralization.
Happy Valentines Day. My gf said put hearts so here you go: ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥
Profitable proof-of-work mining will always lead to centralization.
Happy Valentines Day. My gf said put hearts so here you go: ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥
I could counter that a continual release of bots could create a self-replicating virus used to secure a coin's decentralization--think of it as Delueze's idea of capitalism as parasite taken to its logical conclusion.
Remember, when little shit countries defeat juggernaut empires, it's because they play by their rules
❤If there is profit in PoW mining, then the one who is best at bots will make the most profit. It is still centralization.
Sorry you can't win this argument. I thought it about it deeply. It is an inviolable and unarguable point.
The bots will be free-ranging and adaptable, or are you forgetting what you taught me about the information age?
I never taught you that humans will be less creative than bots nor that those with less resources will win that competitive race.
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