Topic: whats stopping you from investing in Altcoins? (Read 1226 times)
guys that post so many forum topics asking questions..
Rampant pump and dumps.
I buy the coins that I think will go somewhere or has done something significant
I buy the coins that I think will go somewhere or has done something significant
Lack of complete credibility. There's a new alt coin every day with some scheme that's made to make it look better than some other coin. At the end of the day, no one really wants these alt coins, all they really want is something that is possible to mine and then exchange it for BTC. Why the alt coins have any value at all is beyond me...
+1 All of em are pump and dump and many aren't gonna survive for more than 365 days
I tried investing in altcoins to make a bit of profit day trading but it didn't work out too well for me, It's really difficult predicting which ones will go up, for instance I bought bunch of html coins a while back and I see absolutely no buyer for them now, so even though it was not a big investment but it was still a waste of money.
You posted this topic in Alternate cryptocurrencies part of BTT. People here are already invested into alts so nothing is stopping them. You should post it in Bitcoin part of forum.
whats stopping you from investing in Altcoins?
So many altcoins are out there and most of don't have any practical use and are merely for pump n dump.
whats stopping you from investing in Altcoins?
Altcoins in my opinion are mostly pump and dump, not my type of investment..
i think most coins are pump and dump scams.
a lot of devs start a coin, advertise the coin then abandon the coin and then repeat.
their are so many different algs and clones of each it is crazy.
i understand a lot of them offer different things but just making a direct clone is so stupid and i think devalues every alt coin.
plus every time i think i will invest in a alt coin it has crashed and i am to late, and have some some money.
a lot of devs start a coin, advertise the coin then abandon the coin and then repeat.
their are so many different algs and clones of each it is crazy.
i understand a lot of them offer different things but just making a direct clone is so stupid and i think devalues every alt coin.
plus every time i think i will invest in a alt coin it has crashed and i am to late, and have some some money.
whats stopping you from investing in Altcoins?
My complete inability to pick one that doesn't immediately tank within a week or two.
You have to do a lot research before buying into new coins, and still after research you can get burned.
The scams are a reason for me to invest less in new coins, and a bit more in solid coins such as LTC, PPC, NMC, etc. If the price is right of course.
There are so many new coins with big plans, and so many features that they will add. But when you look at when they will add new stuff, you always see "comming soon" "we need 2 months for this"
A serious coin will have these features already at launch.
The scams are a reason for me to invest less in new coins, and a bit more in solid coins such as LTC, PPC, NMC, etc. If the price is right of course.
There are so many new coins with big plans, and so many features that they will add. But when you look at when they will add new stuff, you always see "comming soon" "we need 2 months for this"
A serious coin will have these features already at launch.
People should look at Credits CRD
https://bitcointalksearch.org/topic/ann-credits-crd-with-20-decentralized-exchangeanonmarketmore-peak-july-2nd-634403
see upcoming wallet 2.0
http://vimeo.com/100148381
https://bitcointalksearch.org/topic/ann-credits-crd-with-20-decentralized-exchangeanonmarketmore-peak-july-2nd-634403
see upcoming wallet 2.0
http://vimeo.com/100148381
because dumping them is more funny
Most of the them are shitcoins, another are scamcoins
i wouldn't buy them again with my money
copy-paste coin, with IPO and premine (and / or instamine)
lack of new feature and anonymous devs (who may run any time)
and most of them just for short terms, quick profit from pump-dump action
i wouldn't buy them again with my money
copy-paste coin, with IPO and premine (and / or instamine)
lack of new feature and anonymous devs (who may run any time)
and most of them just for short terms, quick profit from pump-dump action
http://www.at5.nl/artikelen/131523/patatje-sate-betalen-met-de-guldencoin
Guldencoin is starting to make a name for itself in the Netherlands.
Guldencoin is starting to make a name for itself in the Netherlands.
whats stopping you from investing in Altcoins?
- They have extremely low liquidity
- They are constant victims of pump & dump
- They are created by non-programmers who have never read the Satoshi whitepaper
- They contain basic programming errors in emission rate, proof-of-work, or block verification
- They are instamined by a small cabal of assholes
- They are bad clones of other coins
- They don't actually improve upon any state of the art
Anyone who treats shitcoins as anything other than a playtoy is going to find out the hard way why Bitcoin is in the lead.
Fear and uncertainty stops most people for sure.
were the most people are uncertain is were the most money can be made.
I think in a lot of cases it is the wife that's stopping someone from investing in Altcoins!
Fear and uncertainty stops most people for sure.
Indeed.
I find for me very hard to choose in which altcoin I want to invest ...
After so many crashes ... it is hard to choose.
Altcoins market is crazy and unpredictable. One day +30% another -80% .. .
What is stopping me is a lack of founds
... anyway. 
Fear and uncertainty stops most people for sure.
I dont see how it could be profitable longterm to invest in altcoins, thats why I just ignore altcoins. Im not the person who checks prices everyday or daytrade, so altcoins definitively not for me.
Some anon coins are bit interesting, but I will wait before seeing these coins are really usefull (we have Bitcoin mixers anyway so it seems no big deal for using anon coins)
Some anon coins are bit interesting, but I will wait before seeing these coins are really usefull (we have Bitcoin mixers anyway so it seems no big deal for using anon coins)
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