Where do you see alt coins go? | Bitcointalksearch.org

PeterGunn

newbie

Activity: 4

Merit: 0

Some coins on the alternative market can be very profitable when knowing when to buy them (not when the trollbox tells you to do so).

There's no crystal ball other than reading the numbers (data crunch) in order to identify the who's who of the crypto jungle. IMO the best indicators to look for in regards to alt-coins are the Market Capitalization and the Total Coin Supply and then the hashrate. Most of this information is already available online on certains CoinMarketCap dot com websites.

And for all of this to happen, you need that special final ingredient. Just be patient, which seems to a pretty difficult for some itchy traders Wink

littlemo

newbie

Activity: 3

Merit: 0

Alt coins likely will not have any long-term value unless they bring something new to the marketplace that BitCoin does not. Since no currency has any value unless people implicitly agree for it to have value, a new alt currency would need sufficient buy in from a lot of parties before it could retain any semblance of long term value. If a new alt currency can provide something that BitCoin cannot, it has a chance of mass adoption, but until that happens, they are not worth considering.

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: Welsh on August 29, 2013, 02:12:10 PM

There are a few which are pretty good. Seems "NameCoin" is a very popular one. However, most Alt coins are to make the owner rich and are normally scams.

LTC is the only valuable altcoin actually

Welsh

staff

Activity: 3304

Merit: 4115

There are a few which are pretty good. Seems "NameCoin" is a very popular one. However, most Alt coins are to make the owner rich and are normally scams.

Architron

newbie

Activity: 8

Merit: 0

most of them don´t have a solid base like bitcoin and most don´t even have a single advancement, so most are going to die..

Frankthechicken

member

Activity: 112

Merit: 10

I think the ones with a specific application in mind might have a chance of catching on. Craftcoin comes to mind. It seems to suffer from too frequent difficulty adjustments though from what I've seen while mining it.

The altcoins are good for the most part. It's a good way to test out combinations of features. With so much spare GPU time lying around, why not. It seems like rapid difficulty adjustments are even worse than not frequently enough. The premine and instamine issues seem to be less and less in some of the newer coins. I think the altcoins are worth watching, but many of them are indeed copy/paste with a cool logo or name (or even a cool logo and a terrible name).

favdesu

legendary

Activity: 1764

Merit: 1000

99% of altcoins are garbage and will remain garbage until they die out.

ronimacarroni

full member

Activity: 140

Merit: 100

I see them going to the e-toilet.
Except for a couple of useful ones like litecoin and namecoin.
itd be neat if someone came up with a coin that used the hashing power towards something useful though.
Like proteinfoldingcoin or climatepredictioncoin.

marcovaldo

sr. member

Activity: 350

Merit: 250

Yes, it might be more profitable to mine altcoins than btc.
You can read the altcoin forum: https://bitcointalk.org/index.php?board=67.0

coinmaker652

newbie

Activity: 35

Merit: 0

There are daily new alt coins coming out, many people just copy-paste and change some params to make new coins, and these new coins trade in different exchanges such as cryptsy. Is this making any sense? My friends told me by making coins like this, each coin they can make 2-10 BTCs, much faster than they mine BTC directly. I guess soon the alt coins will be saturated as it is so easy to make one. Any comments or opinions there?

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