Bitcoin Forum

Other => Beginners & Help => Topic started by: singalong5 on February 11, 2014, 10:04:59 PM



Title: is alternative coin worth it ?
Post by: singalong5 on February 11, 2014, 10:04:59 PM
Anyone ? I dont want mining and just bought some NEM. Anything else worth it ?


Title: Re: is alternative coin worth it ?
Post by: zeeshanblc on February 11, 2014, 11:19:14 PM
Altcoin is worth it if you know what you are doing.


Title: Re: is alternative coin worth it ?
Post by: apsvinet on February 12, 2014, 12:58:50 AM
Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful?


Title: Re: is alternative coin worth it ?
Post by: 1Neptune on February 12, 2014, 09:24:57 AM
Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful?

Alt coins are worth it depending on what you want to do with them. Store of value? Probably not worthwhile. Use to trade into ltc or btc? Probably worthwhile. Most people I know use altcoins to trade into btc, and some into ltc as they use that as a payment means for others that want very quick settlement instead of btc's which takes an hour or more for 6 confirmations.

If you were mining I'd say to use one of the pools that mines in various coins and automatically trades them into btc, then pays out to your specified btc address a few times per day or once per day. Since you're not mining, you need to answer the question for yourself as to what your goals are for having alt coins: holding as investment hoping they'll rise in value vs. other coins or holding them only long enough for you to trade profitably into another coin such as btc or ltc or even nmc. If you're holding them in hopes of them rising in value compared to other coins, you're eventually going to have to trade into other coins to lock in your (hopefully) profit.


Title: Re: is alternative coin worth it ?
Post by: rohnearner on February 12, 2014, 09:28:31 AM
trying my luck with dogecoins..! don't know if its gonna work, but let try some luck..!


Title: Re: is alternative coin worth it ?
Post by: SirLolicon on February 12, 2014, 09:57:24 AM
It depends on how attentive you are to the market of the alt coin.

Right now DogeCoin seems to be in a rise


Title: Re: is alternative coin worth it ?
Post by: Kiki112 on February 12, 2014, 10:03:05 AM
if it's dogecoin yes
if it's any other coin probably not


Title: Re: is alternative coin worth it ?
Post by: sakkosekk on February 12, 2014, 10:03:56 AM
Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful?

Alt coins are worth it depending on what you want to do with them. Store of value? Probably not worthwhile. Use to trade into ltc or btc? Probably worthwhile. Most people I know use altcoins to trade into btc, and some into ltc as they use that as a payment means for others that want very quick settlement instead of btc's which takes an hour or more for 6 confirmations.

If you were mining I'd say to use one of the pools that mines in various coins and automatically trades them into btc, then pays out to your specified btc address a few times per day or once per day. Since you're not mining, you need to answer the question for yourself as to what your goals are for having alt coins: holding as investment hoping they'll rise in value vs. other coins or holding them only long enough for you to trade profitably into another coin such as btc or ltc or even nmc. If you're holding them in hopes of them rising in value compared to other coins, you're eventually going to have to trade into other coins to lock in your (hopefully) profit.

No offence, but FU for promoting multipools ;)


Title: Re: is alternative coin worth it ?
Post by: leannemckim46 on February 12, 2014, 11:31:44 AM
Anyone ? I dont want mining and just bought some NEM. Anything else worth it ?

Maybe, just be careful as most alt coins are pump and dump.


Title: Re: is alternative coin worth it ?
Post by: banhcanh on February 12, 2014, 11:55:56 AM
trying luck with dogecoins. don't know if its gonna work, but let try some luck


Title: Re: is alternative coin worth it ?
Post by: hilariousandco on February 12, 2014, 12:55:56 PM
Anyone ? I dont want mining and just bought some NEM. Anything else worth it ?

Maybe, just be careful as most alt coins are pump and dump.

Well if you get in early on these pumps and dumps you can make quite a bit, but not if you don't know what you're doing.


Title: Re: is alternative coin worth it ?
Post by: tintumon on February 12, 2014, 01:08:57 PM
doge looks risky at current price.
What do I know... ::)


Title: Re: is alternative coin worth it ?
Post by: Sonny on February 12, 2014, 01:16:20 PM
You may gain or lose some in those pump and dump...just don't expect them to be valuable in long-term...


Title: Re: is alternative coin worth it ?
Post by: GameofDeception on February 12, 2014, 02:20:13 PM
Many altcoins are very worthy, you need to know what you are doing first.
Pandacoin is launching Feb 14, PANDA was built to be resilient to Market Manipulations, see more in the thread: https://bitcointalk.org/index.php?topic=460037.0


Title: Re: is alternative coin worth it ?
Post by: moriartypants on February 12, 2014, 02:39:17 PM
Much danger in altcoins.   Don't get in too deep until you've felt out the marketplace and the whole ecosystem.   

You also will probably need to pay A LOT OF ATTENTION not only to the communities of the coins  you invest in, but to rivals and new projects if you want to make any serious money.   There's a few coins that try to be 'long term stores of value' but most are pump and dumps, so you have to stay on top of events. 

If that still sounds fun to you welcome to your new 2nd job.


Title: Re: is alternative coin worth it ?
Post by: Mobo on February 12, 2014, 03:27:57 PM
Depends of the altcoin really


Title: Re: is alternative coin worth it ?
Post by: quarkyplum on February 12, 2014, 03:29:48 PM
DOGE on the rise

http://coinmarketcap.com/mineable.html

go doge go, fast before the halvening at block 100,000

http://dogechain.info


Title: Re: is alternative coin worth it ?
Post by: GameofDeception on February 12, 2014, 03:31:38 PM
Get into a good alt coin early :)

https://bitcointalk.org/index.php?topic=460037.0


Title: Re: is alternative coin worth it ?
Post by: 1Neptune on February 12, 2014, 10:00:32 PM
Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful?

Alt coins are worth it depending on what you want to do with them. Store of value? Probably not worthwhile. Use to trade into ltc or btc? Probably worthwhile. Most people I know use altcoins to trade into btc, and some into ltc as they use that as a payment means for others that want very quick settlement instead of btc's which takes an hour or more for 6 confirmations.

If you were mining I'd say to use one of the pools that mines in various coins and automatically trades them into btc, then pays out to your specified btc address a few times per day or once per day. Since you're not mining, you need to answer the question for yourself as to what your goals are for having alt coins: holding as investment hoping they'll rise in value vs. other coins or holding them only long enough for you to trade profitably into another coin such as btc or ltc or even nmc. If you're holding them in hopes of them rising in value compared to other coins, you're eventually going to have to trade into other coins to lock in your (hopefully) profit.

No offence, but FU for promoting multipools ;)

No offence (sic) taken. Interesting that you say "no offense" then proceed to use an offensive term.


Title: Re: is alternative coin worth it ?
Post by: GheorgheCuza on February 15, 2014, 03:51:31 AM
NXT is the future.


Title: Re: is alternative coin worth it ?
Post by: AndrewGucci on February 15, 2014, 09:14:30 AM
Maybe coinye coin ?


Title: Re: is alternative coin worth it ?
Post by: D05GTO on February 15, 2014, 01:15:14 PM
Look at some exchanges/market cap to see what's hot and what is not.   Don't just buy into an Alt without researching first.  IE.. DOGE is hot right now which means the price is probably inflated.  Could it go up? Maybe but it has a long way to fall.  It's much better to find a new coin that has properties you like. Then buy in at a low price.  Otherwise, might as well stick with the older Alts LTC/PPC/XPM.   Some new ones like BLC/HBN/PXL looks good right now for early adoption.   I wouldn't listen to anyone that just told me to go into 1 coin.... It's definitely the one they are invested in.

Good luck and have fun. 


Title: Re: is alternative coin worth it ?
Post by: julestheminer on February 15, 2014, 04:14:06 PM
NXT is the future.

I dunno how I feel about NXT... what interests you about it?

Also, to answer OP's question: altcoins are not worth buying unless you're a shrewd trader, or a reasonably good trader with mining rigs. :P