Bitcoin Forum

Hey,

my question is, have someone done it here with altcoins to get rich?

This mean with a small amount of bitcoins (under 5 btc) make a few hundert bitcoins?

I had a few times the chance, but everytime i sold the coin a lot too early.  :'(
I hate it seeing that "your" coin is rising and rising but you are out.  :-X (and its too late to make BIG profits)

Many times it feels like you got out too early, but in reality it wouldn't pump unless a bunch of people like yourself get out cheap first. It's impossible to see what effect your actions have on an alt market, it's like the question of whether a tree falling in the forest makes a sound if nobody is around. However, I assure you coins only pump with few along for the ride.
As an example, craploads of people were shaken out after Crave went from 80k to 30k sats. It simply would have died had most just held for the moon.
To answer your question, 1-2 years ago there was enough volume where a great trader could turn .1 btc into 1k btcs. Volume has left the building since last fall though, with so many scam developers and the big fall in btc price. I hope all that comes back with a btc pump back up to $500+, but right now it's pretty hard to make any decent profits.

NXT IPO investor got thousands BTC on 0.1 BTC invested.
Qora IPO investors got some money.
NEM IPO investors was able to make some money.

Auroracoin, Bitcoindark, Blackcoin, Vericoin, Viacoin, Urocoin
and much more

but it was all in 2014
the golden times are over now  :-[

XC from 500 satoshi to over 350.000 satoshi
mazacoin from 100 satoshi to over 20.000 satoshi

but i dont drive a train to the end (or buy it too late).  :'(

i also was on the vericoin and bitcoindark train, but i sold it all when it reach his 1/10 of peak  :-X

But i think that there is another coin right now (and the only atm imo, because its so cheap), where you can make enormously profit, but i cant tell it now.
But i will show some screens when its happening (cross fingers). from 1 btc over 100 btc  :)

Don't be that greedy  ;D

Tell us what it is.

sry i will not tell it, because nobody will believe it (now!)
But when its happening i will give 0.1 btc to 10 people randomly choose here on this thread. btw. this coin need "only" a marketcap of 750k dollar.

Really bro. Let others to cut a piece of a pie  :)

my tip



CIRC

made a bit more more than 10 grand with 0 cents invested..
cashed it all out and spent it all.. all kinds of stuff. (such as my dream computer from Newegg NCIX etc. PC parts)
I don't pay for electricity its included in my rent and I started with nothing but an Nvidia 550Ti gpu to mine coins with.
Everyone 100% of people told me don't even try and laughed at me for even thinking of it.
and as usual I laughed back at morons on the internet and did what they say couldn't be done.. never listen to the web-tards LOL

10 grand make you rich ? nope hahahha
but I am proud because it took a LOT of effort and time trading and mining with 1 gpu and a core 2 duo e7500 CPU
It took me ages to get my first Litecoin.. I kept trading / flipping (shorting) what little I had to build up my first LTC coin.. a big milestone hahahha
I had no risk though I invested nothing on power, hardware or BTC investment costs.
I just needed time and patience to make mistakes and learn from them and gradually build up a little wealth.

I still think it can be done now but what I had to figure out quick was how far I was willing to go morality wise.
that was a process.. you will be challenged / tested.
Don't let them say can't to you !

You mean Darktron? (it helps to not post in the threads of coins you want to keep "a secret")

Don't listen to this guy.  That guy was trolling the NXT thread back in October 2013,  saying it was a scam and it wouldn't go anywhere.

Just to think Spoetnik could had been the first troll-made millionaire on the internet.  Instead he's broke and living in his mother's trailer.  Considering they sell revolvers at 7-11s in Kelowna, surprised he hasn't blown his brains out yet!!

yes not 750k xd

remember kenny is your bro :-)

there is your problem. You invest in shit coins and then cry because you haven't turned your 5 BTC into 100 BTC.

It's not possible to turn 5 into 100 overnight but if you invest in something valuable and hold..it's very possible that you can turn them into 100 BTC (over the course of year or more)

on the other hand most coins are crap and I wouldn't advice holding them for more than a month...so you have to ask ourself whether you'll take the risk and go all in without worrying about the loss or will you prefer to take little profit every now and then.

Personally I like get 40% return every month..that keeps me on the safe side. So...if I have 5 BTC..as soon as I'm at 7 BTC I would sell and then wait till next month before I put my buy order. 1 BTC out of those 2 is my play money I would invest that in coins that look like p&d scheme...so even if I lose them I don't have to worry about it too much. If I get lucky those 1 BTC turn into 3 BTC ..so now I have 9 BTC...do it for a year and you're looking at 80-100 BTC.

pretty good ROI imho.

The guy who join the ipo of nxt may be the few people who got rich with altcoin.
                                               

DUB is on the steady rise and has just released a pretty decent wallet good things on the horizon for this coin and very cheap now under 200 on Trex

few hundred btc aint exactly rich  ??? that wouldn't come close to even buying a crappy apartment (well in my country),and more then just rich own houses.

I am expecting Monero being a major millionaire and might even  be billionaire maker (in fiat terms of course).
I might be wrong, but the odds are surprisingly good, and it will not happen overnight but who couldn't waite for a few years to become a millionaire?  ;D

My long term bet is Vanillacoin...read about it and you know why...

Regards

Goldmaxx

As I see this is topic turning to some sort of what's your favourite shitcoin and what are you bagholding discussion :).

I guess some 2013-2014 developers were able to accumulate some good amount of money, and a couple of traders and PDers surely made a lot of money, but I doubt that they've made millions. Perhaps you should ask some early adopters like BitcoinEXpress if he/she/it/they/those (pick your favourite) knows anyone who got rich with alts :).

BTW a few high profile scammers like Josh Garza are good candidates for the altmillonaire status.

I guess the question.. When ?
If you got BTC when it was a few cents each that is different than trying to get rich right now.

oh and..
Guns at 7-11 ? LOL
Only thing the Noob said that was true (who's opinion apparently counts more than mine) is I bashed NXT
yup.. I don't like the distribution model.
fair criticism as far as I am concerned..
and no I won't use that nublets name.. stick around a while and contribute something first.
Less e-stalking and more pitching in kid.

Mintcoin was at 1 satoshi earlier this year....

Most people borrow money to buy houses and apartments.

The biggest thing for making money while you trade alts is not running and putting your altcoin profit into some other shitcoin and losing it. Learn when to step back and wait to turn your precious btc into some alt.

It's honestly strange that, in all these threads about what a possible good investment is, VNL never gets mentioned.. :) Ppl really need to at least have a look at that thread..

Have you studied Monero?

Monero has fair POW distribution.
I recommend to study Monero as these are probably the last days/weeks/months to get cheap Moneros due to declining emission schedule.

In your opinion, why Monero over say Bitcoindark?

Because of he holds a lot I guess :). When someone here recommends something as the last chance of getting it dirt cheap is almost gone, that usually means that you found a bagholder or a shill :).
BTW the only bad thing with Monero is the cult around it (and that f*ckin client what gobbling up 4GB of memory when loading the blockchain).

Personally the cult around Monero is one of the major advantages. It reminds me the cult there is around bitcoin and we all know to where it leads.
I am a Monero owner because I find it the only alt coin worth to hold.
There are big names interested in Monero and the high chance of big money entering to the market makes me bullish on that coin. The community is large enough that it can absorb any bigger dumps relatively easily, and the price has established around here where we are now.
I hope you will not leave behind the train.... It is not late to buy Moneros when the DB issue has taken fully care of but I think it is better to invest in Monero when it is still as its infant state and let it grow organically after then, and perhaps keep buying it all the way up (not recommended to go all-in once but make a buying plan rather and then top be disciplined).

looks like I'm a cultist then. as soon as we get the coon and cthulhu aboard, all other coins are done :D

on topic: in case you are still running the non-lmdb version and/or having memory shortcomings, you might wanna check out this https://bitcointalk.org/index.php?topic=753252.msg11884057#msg11884057

Followed your advice and bought some DarkTron :)
Let's see where this goes.

As he still dreaming in his house, in addition he's dead, I wouldn't expect too much impact on the price in the near future because of his actions :).


Yes, I've tried to use the official client (0.8.8.6) but that's hogging up all the memory on my laptop and I had to fire up a dedicated machine with 16 GB RAM to get it work. That was the point when I decided to leave my old wallets alone and wait more for usable client. As I see this is still something where I have to do a lot of tinkering to get it work :/.

Have you guys realized that XMR never going to succeed without a fast and easy to use GUI client?

define success  ::)

anyway, only wanted to help you out a little. nothing personal, but you're back on my ignore list now, so I won't post in here again.

Getting mainstream, used by a lot of Average Joe's for doing everyday stuff (like in the case of Paypal).


My fault. I always pissing myself off, when I have to touch the Monero client. Anyway thanks for the help, and sorry for being grumpy.

i didn't get rich from trading altcoin but i had a very nice +profit from my trades over time. and i literally started from 0 on CEX.IO back when it had no trade volume limit.

all i can tell you is that when you get out of the coin don't look back again :) it is only going to be hurtful try and take whatever profit you are comfortable with and get out happily.

Alt pumpers depend on people dreaming of turning their 5 BTC into 100. They're the ones who're pulling that off over and over again, not the dreamers they prey upon.

I disagree. Cults are the death of objectivity and reasoning and that's never a good thing. I think we should make a sharp distinction between community and "cultists". Community is something what can grow organically in many directions, but a cult is something what forcing it's way into only a few directions without caring too much about the fundamentals and supports. BTW the cult around BTC is equally damaging.

I'm also holding some Monero what I've mined in the beginning and bought when it was new and really cheap. But at this moment I see it as an overrepresented asset without the real power to make a breakthrough. Everybody is talking about price, absorbing dumps, predictions, but in the meantime the client looks like (and as comfortable as) a console app from the 70's, but you need a server hardware to run it. There are very limited real world services for it, and no one seems to be realize that without an easy to use client (incl. mobile clients) and services what ppl need in their everyday life XMR will remain only a toy for geeks and daytraders.

(Actually this stuff what I wrote above is true for almost every coins :/.)

I always sold too early....
My worst investment was Quark (in 2013)..... I bought 2 500 000 Quarks for 2.1 BTC  @100 sat....
And sold at @350 sat for 8.5 BTC one month later......

I was such a fool...... one month after i sold, price was @20 000 sat per coin.  :P
I could sell for 500 BTC ... but nevermind.....

Weed saved me... LOL
I can´t walk away from crypto..... I do believe I will hit some coin in the future.
Patience is the key.

 

I recommend to consider Monero.
However, as you said - it is important to hold it patiently. Buy some coins now and send them to your mymonero-wallet and come back 1-2 years from now. You might end up being a millionaire or even a billionaire (depend how many coins you are owning), in fiat terms of course even if bitcoin dumps big time.

ouch, that hurts, at the bitcoinpeak when it was over 1000 dollar you would have than more than a half million dollar.  :-X

Not me. I know a few people did it, but it is worse than gambling, for each one that wins big, thousands lose everything or most of it

I got rich with litecoin,last week.
I maked about 0.15 btc with litecoin pump&dump.

from my personal experience, i would never put my trust in any altcoin ever more than a couple of months tops. all of them are good for getting in and out of quickly without any hesitation :)

for all i know 1-2 years from now ....coin can be worth 1 satoshi like a lot of them that are at those levels now and 1-2 years ago people were claiming the same thing you are today.


you and i have two completely different definition of getting rich bro :D

I think it takes time before you learn which coin is good for your and which is bad. Too bad lot of "new investors" end up investing in shitcoins because of greed and end up losing their investment and never return to cryptoland.

haha, I'll bet your 0.15 btc that you think a 3 inch cock makes a guy well hung too lol

This applies directly to shitcoins. Here is a video on how to make money with shitcoins: https://www.youtube.com/watch?v=6P2FB9Mg_YI

However, Monero is not among those shitcoins.
Monero has a growing community which is over 1 year old. The price has been pretty stable (the trading range has been pretty tight between 0.002-0.004).

Some of altcoins will become pretty valuable and I doubt bitcoin is the ultimate currency. The challenge is to pick the right alts to which stick to.
Premines are bad as the developers has no incentive to do their work but simply pump the coin and then dump and run away with your money.
Good coins there are just a handful, Monero being one of them and as it solves the key problems with bitcoin (fungibility issues and privacy) therefore I am a little bit heavier in Monero as I see it has potential to grow in the coming years. However, the odds for success is obviously pretty thin but each day the coins are mined and bought and stored away from exchanges, the odds for success increase a tiny bit.
Soon the coin supply will dry out and then there are time to pump the coin.
I hope as many people joins the party now as possible until it is too late. But don't go all in Monero though. Be smart.  :)

Awesome. Such a profit. 
LTC is nice PnD coin. Next month the same   8).