whats stopping you from investing in Altcoins?
Cuz you never know if it's actual value or just pump. 
Topic: whats stopping you from investing in Altcoins? - page 2. (Read 1223 times)
For me, the primary reason I don't invest in most altcoins is that I believe most are scams.
Knowing that it is possible to invest before the pump and sell at the dump, but to do so would take advantage of other people and it encourages the practice of creating scam coins.
However altcoins that
A) Are not scams
B) Have devs I believe are serious
C) Add something I think bitcoin lacks or does something better than bitcoin
Those - those I will consider.
But as far as serious investments go, I'm just a tadpole in a water hole full of gartersnakes. I don't invest a lot, it's hard for me think like a devious person so it is easy for me to get taken.
Knowing that it is possible to invest before the pump and sell at the dump, but to do so would take advantage of other people and it encourages the practice of creating scam coins.
However altcoins that
A) Are not scams
B) Have devs I believe are serious
C) Add something I think bitcoin lacks or does something better than bitcoin
Those - those I will consider.
But as far as serious investments go, I'm just a tadpole in a water hole full of gartersnakes. I don't invest a lot, it's hard for me think like a devious person so it is easy for me to get taken.
Even if you were to try to profit from the shitcoins by buying then selling a pump, you would need to guess the rise and buy soon enough for this to happen. A lot of money is lost this way. Sometimes it isn't as obvious, ie: Mazacoin. It was to have guessed the peak was 9500 sat when it seemed as if everyone already asumed this was the new ceiling. I know because I bought into it myself.
Why the alt coins have any value at all is beyond me...
Greed. People think they can get money for nothing.
Some people can, most people end up at the losing end.
It's like gambling. I may go to a casino every now and then knowing I'll lose but some people go weekly or even daily and it is the chance of winning big that blinds them to their constant losses.
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...
For me, the primary reason I don't invest in most altcoins is that I believe most are scams.
Knowing that it is possible to invest before the pump and sell at the dump, but to do so would take advantage of other people and it encourages the practice of creating scam coins.
However altcoins that
A) Are not scams
B) Have devs I believe are serious
C) Add something I think bitcoin lacks or does something better than bitcoin
Those - those I will consider.
But as far as serious investments go, I'm just a tadpole in a water hole full of gartersnakes. I don't invest a lot, it's hard for me think like a devious person so it is easy for me to get taken.
Knowing that it is possible to invest before the pump and sell at the dump, but to do so would take advantage of other people and it encourages the practice of creating scam coins.
However altcoins that
A) Are not scams
B) Have devs I believe are serious
C) Add something I think bitcoin lacks or does something better than bitcoin
Those - those I will consider.
But as far as serious investments go, I'm just a tadpole in a water hole full of gartersnakes. I don't invest a lot, it's hard for me think like a devious person so it is easy for me to get taken.
whats stopping you from investing in Altcoins?
Jump to: