Bitcoin Forum

What coins should we invest in and why?

 I suppose LTC. QRK could be third.

Namecoin is the only altcoin with a strong reason to exist. Most other alts are very slight variations on a theme, and I don't think that's a good reason to exist. *Because* LTC is the second most popular coin, and because of the short block time, and super low fees (in part because of the lower value of LTC) I think LTC has some value, but it's still just a slight variation on BTC.

If one of the proof-of-stake coins does things "right" (no central checkpointing, prevents gaming the blockchain, etc) that would be very worthy of people's use, but I am unaware of a proof-of-stake coin that avoids the above.

In short, I think Namecoin is clearly the best Altcoin, as it offers something new, maybe LTC as a third.

I predict LTC will continue to be #2 though, because people never listen to me ;-)

Good analyse of the situation, I believe Namecoin will become #1 Altcoin only after the decentralized dns records become necessary

Ripple isn't a coin. NMC is missing. I voted PPC. By the end of next year it will be clear.

I chose Ripple (not a coin), because I think that this poll is a joke.

Main contenders are left out...

Read my post on Namecoin being the Platinum of cryptos.

http://www.legitcoinage.com/?p=90

Interesting article, I'm glad at the end you mentioned that scarcity isn't the only thing to look at, since that's what I was thinking to myself through the first part of the article  :P. I think Namecoin deserves an analysis of its value based on its value as a distributed DNS, its value as a general K/V store (some people are talking about building in a torrent tracker, and other features, since Namecoin isn't technically limited to DNS), along with scarcity, and its development problems (NMC has a leadership issue right now).

Litecoin is the second place coin, and Feathercoin is the third place coin.

Skeincoin  ;D

The poll is biassed in my opinion or the thread has been poorly researched.
The best altcoin is the one that gives most value either by pump and dump or by stability.

There are many coins that can make it. No one knows. There are many coins that give good value if pumped and dumped.

If you look at the coin market cap for most adopted coin (http://coinmarketcap.com/) then Feathercoin is #10 whereas Worldcoin, Quarkcoin and Megacoin are higher yet not mentioned in this thread.

Deutche eMark

and for fun Incakoin

I can't see Quark. And XRP is not a coin.

XRP are coins, Ripple is not. While Ripple might be successful, I am a bit sceptical about XRP...

Also "best" is very subjective!

Here we go again.

You can start by removing from your list all litecoin copies.

Don't forget to add TagCoin and DigitalCoin ;).

Together with LTC (and probably FTC) they do have a future.

Pump and dump coins are not valuable in any real sense, they're just bubbles ready to burst, I don't know why you'd say that provides value. The winners in pump and dump are completely at the expense of the losers, no wealth has been created, the world is not a better place, and it doesn't even serve as a good medium of exchange...

EDIT: I guess the initial question is "what should we invest in" which is different from the topic of "what is the best altcoin" and I guess pump and dump could be a valid investment vehicle, albeit a very risky one, you never know if you're the *greatest* fool or not.

Yes the topic is "What is the best altcoin" that can be interpreted in many ways.
For me the best altcoin is the one I can earn money with.
Bubbles allow money to be made we all do it, also what is a bubble? Bitcoin is bubbling all the time is it wrong to invest in Bitcoin.

The topic title "what should we invest in" would better fit the purpose of the topic. I believe you want to know in which coin you would put your money for an extended period of time.

My definition of "Pump and dump" is mining a coin and trading it for LTC,BTC or whatever. This is risky but can yield good returns and sometimes you become an early adopter of newer coins. Worldcoin and Megacoin have been good for me and I hope my Emerald mining will be profitable too.

Fontas style "Pump and Dump" is market manipulation and is ofcourse a bad thing and extremely risky since you can't trust the guy organizing these pump&dumps.

And yes I'm a fool :D

I think you're right that OP meant the title to be "what should we invest in" so now I'm off topic...

I think the question "What will be the best (http://www.youtube.com/watch?v=6PQ6335puOc) Altcoin" is very interesting though. I think it's determined by what makes a good currency, I think that's defined by basic utility (though not much, a currency is helped by, but not defined by its basic utility), scarcity, durability (keeps its value), and liquidity. Other things like fungibility, transportability are roughly identical between cryptocurrencies. Durability and liquidity are also basically impossible to predict, but they probably are influenced by the two other properties I mentioned, scarcity but moreso basic utility.

How long do you think bit coin will survive? And I think that Quark, Data, and Litecoin all have great potential to be one of the last standing

Until the apocalypse when we 'misplace' the Internet.

dogecoin

PeerCoin will be the best in 5 years..in my opinion.

Quark is quite clearly a hype-based coin: or more hype-based than the rest of them at least.

Give me some Sexcoin over the rest anyday  8)

I'm just waiting for the clone of Sexcoin to come out - HerpesCoin. The coin gift that keeps on giving. It will go hand in hand with Valtrexcoin 8)

Looking at the best altcoin based on utility is a good way to measure it's success.
It's true that with cryptocurrencies we're not only looking at the value of a coin but also at the total banking system which comes with the coin. The total system must be well balanced and that balancing will make it succeed.

I think we are still in the very early adopter stage so it's hard to predict which will succeed.
As you stated most currencies are based on each other with minor and some fundamental changes.
I think the answer will become clear when some coins have been fully mined. What will happen will it become more durable? or will it die because mining is the most fun part?

Dogecoin