Bitcoin Forum

Hi there  :),
Recently I was investing to BTC, buyed for $95 and sold for $138 yesterday morning. Made some easy $1000 which I am now thinking about investing in other cryptocurrencies via vircurex.

Which one do you like the most and think they could be adopted same as BTC? I am thinking LTC, NMC, PPC!!, TRC, DVC, FTC (not sure about that one).

What do you think? Or is there some new cryptocurrency comming soon?

bytecoin? BTE
http://www.bteex.com/

Personally I would not invest in BTE at this stage - there are far too many coins showing far more promise at this stage.

Its quite hard to trade until the last couple of days pushing the price down, with so many new currencies people need to start looking for good relative prices as most cryptocurrencies offer very little new over bitcoin. What makes them worth anything is the decentralised nature and cryptography base, they all have this.

As a part of a portfolio I think BTE offers the most value per usd due to the upside potential, most coins atm are overvalued in my my opinion relative to bitcoin.

Who's behind it? It is related to Games? Where is the value?

I dont know and I dont think it matters as the software's the same as bitcoin, the exchange is very new but looks like its becoming more stable. No games yet but if it did have then the price would be higher so that's priced in, the value comes once more people use it for various applications the number of coins is limited like bitcoin but at 100 times as many so should be 1/100th of the value assuming equal demand (unlikely).

Apparently there is a bytecoin ruby game now as well.

Anything similar to BTE? I like it a little. I am looking for risky investment but not obvious scam like IXC.

I gotta go, but the market site is http://www.bteex.com/ if you decide your interested. Almost no trade in it atm tho.
Good luck :)

Bytecoin can be 51% attacked easily, has no official website to speak of, there are virtually no services ot demand for it. It's not good right now at all.

If you want to take a risk with potential high reward I would go for CHNCoin

If you want to play it safe go for LTC and just wait until it hits Gox

DVC has very, very god long term prospects as well.

DISCLOSURE: I hold many alts, and I do not have vested interest in promoting one or the other to you. The above is my genuine advice.

Okay guys, thax a lot!!

For coins with low difficulty it seems safest to hold coins that are secured by as many hard-coded checkpoints as possible.

Basically, ancient coins from way back when.

But, of course, if you don't have such coins yourself in your own cold storage you introduce another layer of risk by trusting some cold storage / cold wallet / vault provider to actually have the ancient coins the tokens they provide the ability to trade represent.

So really it seems best to deal mostly with high difficulty coins such as bitcoins, namecoins and devcoins...

Otherwise, don't count your coins as really secure until you have held them long enough for a few generations of client-upgrades to have gone by, layering hardcoded checkpoints over them to prevent unravelling of the blockchain to a time before you received the coins.

-MarkM-

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