Topic: -- Your Favorite Crypto-Coins - Mine, Buy and Pump -- (Read 3920 times)

I like ADT, sadly I didn't buy it when hit 0000003 the other week (cancelled a 50 LTC order (lol)). However, I picked up some at a very cheap price at BTCLTC.com - not sure exactly what I paid because it was in CNY (but a lot cheaper than it is there now) - but it's worth about 7 times more than I paid. I did the same with COL, but unfortunately the COL seems to have disappeared into a black hole of a blockchain.

I think I'll keep the ADT in the hope it gets the crap pumped out of it at some point (currently looking possible).

As far as accumulating coins, it is all high risk. Prices a month or so ago were more favourable. With BTC and LTC being extraordinarily expensive, it makes alts absurdly expensive, too (seeing as they are valued against either coin).

Anyway, until the market looks relatively stable I am not keeping coins at all. I do a bit of trading with LTC, which I buy first, then cash out at BTC-e. Dollars seem the safe bet.

Thanks very much Vlad, I really appreciate your honest assessment and information. I'll probably just stick to the top five and leave it at that, although who knows, maybe I'll get hooked on trading them and just buy anything with the word 'coin' after it.

The pool I'm in generates Namecoins as a merged mining bonus and when I read up on NMC and discovered the whole domain name angle which sounded rather hip and counter-cultural, I felt like some underground apparatchik so I think to I'll use some NMC to buy a .bit domain if only for the hell of it. Other than that, I can't really see why there are being mined, other than that timeless reason, "Because they can". I understand that they are somehow identical to the BTC blockchain and can be mined simultaneously (same but different apparently) but unless there is any genuine reason for people to buy them, I can only see them trending down in price as there appears to be very few demand triggers and people like me with no real idea of what they are for just offload them when they meet the threshold amount to sell. Not sure if it was you or someone else on this thread who remarked that it was often the larger pools changing which altcoins they mined that provided much of the event-driven price action. I guess all of this just underscores how little I know and how easy it would be to get burned in the various coins.

"'SuicideCoin'? Whoa! That sounds edgy, gimme some of those."
"'AirCoin'? That could really go high!"
"'FuctCoin'? I wonder what that's all about? I better buy and find out."

 

Who is RS?  That doesn't ring a bell?  I've only been in Cryptos for about 4 months.

Bro, if there's one thing about my threads it's that there's no worries about being off topic.

There's easy money to be made in Cryptos (with little to no laws, regulations or oversight) so clearly it's gonna be riddled with scams and scammers.

I would say the most stable or less scammy coins would be be the first top 5 or so coins which were started and never died.

Among these would be coins such as Devcoin, Litecoin, ixCoin, of course, Bitcoin and maybe a couple others.
Most of the new coins can be called either CrapCoins or ScamCoins, even my own coin, NUGGETS.  As such, you're risking a lot when buying alt coins.  

The best way to proceed is to mine the most profitable (as outlined by coinchoose) and dump it on any pumps.  If you're buying coins, like me, then it's riskier.  New coins tend to get pumped so then you can speculate and hope to dump on time.  But that too is risky.

My strategy remains:  Play the upcoming Bitcoin ETF, with my 2 main picks being ixCoin and devcoin, in that order.  

I made an error in judgement.  I thought when the Bitcoin ETF comes out and Bitcoin goes to $1,000 that all alt coins would sky-rocket.  But the recent Bitcoin run to $140 proved to me the exact opposite will happen.  99% of the coins will get killed, driven to near zero but for whatever reason a few will sky-rocket.

I have outlined my arguments for why I think ixCoin will be Wallstreet's choice for an ETF 2.0, so I won't go into detail here.

Good luck!

Perhaps this is slightly off-topic, but with respect to people's favourite crypto-coins, what's being said here seems to indicate that the world of crypto-coins is riddled with, how shall I phrase it... people of questionable character and... markets which may be rigged more than others and... more pitfalls than normal for miners and participants.

Assuming this is correct, how is a slightly wary newb to proceed? Is there a listing of, say, the best merged mining pools to efficiently mine crypto-coins, or some agreement on the better exchanges to use or maybe even a coin ranking, perhaps a top ten, with 'most reliable' or 'most accepted' coins at the top cascading down to... well, the less accepted and the less reliable?

As with licensed financial exchanges, you can make serious money trading in penny stocks or exploratory mining companies. But for those people who'd prefer not to wade in mud is the best path just to stay away from most altcoins or are there a top-tier group of coins worth mining and trading?

Be grateful for your comments. And my apologies if these remarks are best appended to another thread, feel free to point me in the right direction.

Thanks very much 

I thought they admitted it? As part of proving they were the person who previously wrote this that or the other code in the past?

Didn't the whole offer to write the GPU miner for primecoin start out with "I am the guy you already know, who did this that and the other thing" ?

-MarkM-

As you seemed to miss my post ill ask again.



Was it ever actually confirmed that RS was Mltrl (spelling)  from what i saw people only ever hinted at it, using loosely selected posts from both users which seemed to have similar grammatical errors in them. Now I'm no sherlock holmes but im pretty sure having the same spelling mistakes as someone else doesn't confirm you are that person ;-)

if you have proof that someone is a scammer then its always best to back it up by showing the proof, randomly mentioning someone as a scammer just causes others to immediately doubt someone (dont get me wrong this is the internet so siding with Doubt is often a good thing, but making bold claims with out proof is a bit harsh ) but not only does it case doubt on the person being called a scammer but always casts the poster in a bad light and get people like me going "Hmmm i wonder what actually caused that post..." 

Ah so people should invest in the career-scammer because they might profit by doing so, just like investing in pirateat40. Get in fast, take profit. Got it.

-MarkM-

Was it ever actually confirmed that RS was Mltrl (spelling)  from what i saw people only ever hinted at it, using loosely selected posts from both users which seemed to have similar grammatical errors in them. Now I'm no sherlock holmes but im pretty sure having the same spelling mistakes as someone else doesn't confirm you are that person ;-)

I'm well aware RS started out as a "scammer" in terms of Alt Coin culture...
Apparently some of the work was delayed or sub-standard or not done...
And I'm well aware that mcxNOW was originally set up to dump premined trash.

It's easy to be a "scammer" when you have nothing to lose...
This place is crawling with sleazy operators and their miners/hostages...
The top thread this AM is Ripple which makes me wanna puke.

But once you have $7,000,000 to lose... the game changes dramatically.

RC doesn't own his profit-sharing algorithm which has made his exchange semi-viral...
And the Algo really starts to work when he has listed the Top 20 Alts (PPC very soon)...
It's the kind of thing that will float the entire Alt Coin Space...
You list your coin XYZ on an exchange like that...
Suddenly another 1000+ people get XYZ dividends and own it and trade it.

My idea is that we as fans and supporter of crypto currencies should make a google plus site or a special forum to communicate fast and with a target not like this forum here with all this spams and many bad people who talk not good things. If you think my idea is good then pm me to get the work together.

We can then decide always which coins we do support and hold them longterm maybe and so on.

I think atm GoldCoins are very undervalued, because I am since the coin was new with the 500 block rewards but now its only 50 per block. I like how this coin started and begun to rise since then. The developer is a nice man and promotes this coin very fine. The Android Goldcoin App is out now and runs smoothly. I like the Name and the community of GoldCoin, so I think thats the next coin which will be worth more than 1$ maybe in the next 1-2 years.

My second strategy is to hold my Android Tokens, I was one of the first miner who has mined more about 100millions from them in only 5 Days, but now this coin is on cryptsy and gain every day more popularity and the community grows and of course the difficulty rised up. This coin is very cheap now. I think it can get a value x10 - x100 without problems, because this coin is too new the time will come later.

Then of Course Litecoins and Namecoins, Digitalcoins are my big favourite, but of course I mined also from all the other coins a few, like Diamondcoins, Bitbars, DGC,WDC ... ... ... because you cant be shure which coin will be the next boom so I decided to mine from all a little.

People bought seven million in shares of something made by that same scammer who scammed people 250 bitcoins for microcash coin development then lately 75 bitcoins for GPU primecoin miner?

Gluttons for punishment or what? Weird.

-MarkM-

So in terms of the 1st part... 3 foundries in China will secure entire Crypto Space.

Totally agree with the 2nd part...
Novel distribution algorithms can make something very interesting.

Everyone trading mcxFEE shares is well aware of the $7,000,000 valuation after 1 week...
When even well-launched Alt Coins are valued in the low to mid 5 figures.

Because that CPU mining concept is not for "securing" a blockchain, it is for "distributing" the initial coins. You still want the coins to be secure else you are distributing pointless worthless coins.

So ideally you want massively high hashing power merged mining securing a blockchain, but give out the initial coins some other way than based on hashing power, so that you aren't just giving it all to the same old special interest group that owns most/all of the hashing power.

-MarkM-

Is that a trick question?

Cause ASICS are the only real future.  A fraction of the energy and 10-20 times the mining power and on top of it, ASICS secure a network like non-other.  What more do you want.  Scrypt is inferior and an unnecessary detour which will go to ASICS or die a slow terrible death.

You Linked a Link to  the CryptoBuck Thread.  This is where in the past you tried to speculate.

CryptoBuck has been announced/proven to be Pure American.  We have been through this.  

You're smarter than this,  The postings here are starting to show ignorance.  

Keep in mind CryptoBuck has been trying to get on an American Exchanges since Day 1.  Read the Facts.  

CryptoBuck will be worth your while,  CryptoBuck will be on an American Exchange before too long.


P.S. - How many Dev's do you see in Cryptsy Giving away Currency?  We try to give back to the Miners whenever we can.

If anyone would like FREE  BUK  go to the Faucet - http://www.cryptobuck.com/faucet/


We are Trusted, We are Honest, and We are Valued...   Don't get caught up in the Troll Bullshit Lies.  Once again you're smarter than this.

In months you've gone from promoting innovative stuff like this...

http://www.devtome.com/doku.php?id=cpu_mining

All the way to ASICs are the only future. Why?

WARNING:  Caveat Emptor!


Heads up on CryptoBuks (BUKS) looks like it could be a Chinese scam.


https://bitcointalksearch.org/topic/m.3143410

Problem is they are all insecure. A currency should be secure. Its not clear if even litecoin is really secure, and won't be until it gets ASICs...

-MarkM-

Amin brother.  I agre 100%.  See, we can help each other instead of eating each other like dogs.

Good luck to you.

FYI:  COL is a steal right now on bctltc.  Selling for only .00000004 LTC.  I'm 99% sure COL is gonna get listed on Cryptsy in the next 30 days.  If I'm right, there's a good chance to make 1.000% profit on COL and maybe more.

Good luck, bro!