Bitcoin Forum

I've heard of DogeCoin and Coinye Coin, but I know there are a lot of altcoins out there. What is the general consensus on what coin is the best to invest in? Is BTC in for another rise?

Also, what coin is the most profitable to mine right now?

lottocoin and earth coin

You guys are in luck.  There is another 150 page plus poll of the experienced members and the coin voted most likely to succeed and profit in the future was QUARK.

Here is some info about it:
http://www.qrk.cc/
http://www.quarkcoins.com/
https://bitcointalk.org/index.php?topic=260031.0
http://mgstoneset.wix.com/quark

Granted the current price is around .07 a coin but the kicker is that it can ONLY be mined with a CPU.  Meaning that it can be mined by anyone, and it keeps the big dollar investors out of the game.  CPU mining is extremely low power consumption, and easy to set up and use.

I just set up some miners tonight and already have a few coins to show for it.

If you want to see the going rate for alt-coins I suggest either of these sites:

http://coinmarketcap.com/
http://www.coinwarz.com/cryptocurrency

Dogecoin.

Much coin. Very currency. Wow! Joking. But I guess Litecoin? It seems to be doing okay for a Alt. Coin, while Dogecoins are more or less used for the lulz.

I predict Stablecoin to be very relevant within the next 6 months

DOGE of course ;D

i just saw another poll where quark is rated highest-its called:  What are the biggest scam/sh*t coins out there?: https://bitcointalk.org/index.php?topic=361286.40

so what to believe?

Are you telling me a coin thats already been mostly pre-mined isnt the future? Damn  :-[

If you want in for the long term i say go for Goldcoin!
It is not as hyped as many other coins and it has been pretty stable compared to other alts

megacoin

Earth coin is awesome! check out the poolerino pool,

How about worldcoin, seems to have lawyers and investors on its board.

The website looks nice anyway.

So far I can tell it's every coin which I didn't mine. And bitcoin.

IMHO no Altcoin is going "to the moon" anymore - unless BTC and LTC go "to the moon" from where they are now (and most people don't realize going to the moon is actually a quite dangerous & risky trip).

In the current, mindless frenzy of people owning any mining-capable hardware who missed the original trains of BTC/LTC - they get served what they want.
Ever-brand new tracks made of cardboard & plastic, scale 1:48 or smaller - just for the sake of entering a train at its launch station (any train). And they are allowed to waste electricity for whatever coin people make up just to make them feel finally I'm on board @departure and might get rich. The very definition of FIAT, transported into the digital world. Brilliant.
None of this will end well for most.

The only funny, next thing would be "Brain Coin" requiring manual, human calculation limited to pocket calculators ;D
(at least what would educate and train people at math, so that's actually a true value generated here *g* )

I'm honestly waiting for an "Altcoin Generator Construction Kit" Software sold, allowing anyone to create a coin within 5 minutes... for only 499.99$*.
( * Hosting & Pools not included, order separately for only 299.99$/month ! )
That would truly be a viable and completely valid business plan for the Greater Fool Theory ;)

On a more serious note, in the long run most of these newer clone/pump&dump Altcoins will primarily serve one single function - damage Crypto Currency reputation.
Given their inflating numbers, that's something they could actually get really good at and help opening the door to "emergency cryptocurrency regulation" by governments to "prevent further financial damage to their citizens" by coin failures.

there are already coingenerators?!

i predict ltc and eac a bright future at least this year. nobody can tell how the whole cryptocointhing will go

Dogecoin will hopefully grow..

Coinye is another story though.. If we are lucky, then they make namechange and rebrand the coin itself..

I am going to make a serious coin that it a bit of a copy off the LiteCoin, but isnt gonna be as "Easy" to get loads of.
So the coin is getting some accual value :)

@Dial595

Haha *omg* that was a joke...
I wouldn't be surprised to see one though, one day in the future ;)
I honestly think there's money to be made with that right now, if a coder with too much time at hands feels so inclined to make one.


lol

Hardly any of these rip-offs have any actual value (apart from their entertainment factor to witness a ponzi restart and the fools rushing into them).

DogeCoin holds the current crown, designed as a functional but clear joke about AltCoin inflation but immediately taken serious by the blind, zombielike greedy masses within days (!).
The irony of that was beyond words, really hard to top that ;)

Some of the "fresh Altcoin" fans are so dimwitted, one could toss them a "TheftCoin" where a random percentage of Coins is subtracted from random wallets @ each block discovered...
And you'd actually find people seriously "hoping this takes off" :P
It has reached really bizarre dimensions...

-- edit --

To answer the original Poster's question :
Buy a certain amount of BTC and LTC, plus a P2P based currency you prefer. Then just wait for a profitable exit (even after biblical events occur) and hope for the best - and accept a total loss should a coin die.
That's the only way to profit, while avoiding the entire Greater Fool Industry to the max. extend...
Oh, and don't follow the "profit zombies"... They smell "profit" from miles away and rush in to get wiped out, like Lemmings. Must be their religion or something...

I think the scrypt coins which are basically copy of litecoin won't have a chance to go to the moon. They might go out of the earth atmosphere but they won't make it to the moon. I would say new projects, second generation of crypto, mastercoin, NXT, etc might have a chance.
 

I think it makes sense to buy NXT forks

There already is a "coin generator" out there... http://coingen.io/

My hopes are for Doge :)

I see good potential in USDe now.
Only 3d day of mining and much attraction.
Undervalued QQC, of cause, able to jump in price in few days.

Ok, lets give a run down of what we have going on:

Bitcoin - the oldtimer that has all of the hype. It is first to market, and is unlikely to disappear for decades (centuries) to come even if something else replaces it. It is the original, and people like originals, and that is the only reason it has value over the other coins. You could argue mining power, but that is because of value, and thus is derived from hype.

Litecoin - AKA, darn, I wish I could have mined bitcoin, and F that, I am not buying fancy hardware. Besides, all that fancy hardware just makes for less democratic mining, and wasn't that what satoshi really wanted.

Namecoin - Bitcoin is pretty neat, lets make it do something useful besides a system of accounting. This would continue to be awesome, but they did merge mining with bitcoin and rely on ASICs and whatever, who wants to f with that.

One million litecoin and bitcoin clones. Each thinking they are special because they use a cuddly panda bear as a logo and have a different mining rate, hashing system, etc. Some try to justify mining better with the fact they are solving primes or whatever, but really, mining is never the point. Mining is the hack that makes a distributed accounting system work.

My crystal ball says the true winner, maybe even to be a tough contender for bitcoin, doesn't exist yet, but I will describe it here for those who want to keep an eye out for it.

* It would use scrypt or some other hashing that is cpu bound and would have 1 minute blocks because really, that is ideal.
* Mining would start by default, and it would be super easy to add a pool in the client. The client would also have the best mining tool built in and just be a button press to start stop. Ideally pooled mining would be decentralized.
* It would not have some crazy deflationary thing built in, but provide a steady stream of currency forever. Yeah, it is boring, but we aren't trying to replace gold here, we are trying to replace dollars, and other fiats. They aren't get rich quick things, but things to build an economy of transactions on.
* It will allow you to do a lot more than just transfer money between addresses:
** You will be able to create a new colored coin at a 1-1 ratio for a small fee
** You will be able to set a key=>value store just like in namecoin
** Escrow (but most coins have that)
** Put colored coins up for sale at a certain price point for a certain number of blocks
** Put up actual ecommerce style listings and include a checkout and rating system
** Put up news / messages
** Send private messages

This is all the stuff I could think of at the moment. But bitcoin is a distributed account ledger and data store, and basic transactions are only the beginning.

Other tidbits: I feel that it should not use bitcoin-qt as the base environment. Python, or a web server running on a desktop with a html/css/js frontend would be superior so that front end development would grow rapidly.

Oh and yes, I could see another altcoin succeeding without any new features. It would be one created and backed by a government, and I see that happening someday soon. Perhaps part of it's transaction fees would be collected automatically as taxes. It would have the backing of men with guns and probably some old ideas attached to it, and thus its appeal.

The value of any altcoin is just what makes it different, and just changing some basic parameter in mining and generation isn't going to do it.

DGB (https://bitcointalk.org/index.php?topic=408268.0) will go beyond moon as its wallet (loading/transaction) is faster than any other alt-coin at the moment.

My money is ARRRRRRRR!  piratecoin!

there are many advantages of altcoins if everyone would do their research.  it pretty much boils down to checking out the coins your interested in.
deciding on which one to commit to.
supporting the community as much as possible
Worldcoin has a very bright future. 
Just dont pump and dump.  Get into a coin for the longhaul

That is insightful. Thanks for chiming in on the newbie board to give us something to chew on. You are correct...if a government puts out a coin, it will be used. I don't think it would rise in vaule though because they don't like major flucuations. They would pre-mine it all and just use it for transactions of large amounts. I am not sure we would even know about it...in fact, maybe it's already out there.

For anybody with a lightweight rig or wanting to try CPU mining, you might want to give Nutcoin http://www.nutcoin.com/ (ftp://http://www.nutcoin.com/) a whirl, currently the net hash is at about 58.8 with plenty of coins to be mined and an easy miner. It appears that just today this coin was added to its first exchange /market]http://www.cryp[Suspicious link removed]/market (http://www.cryp[Suspicious link removed). I've been mining this coin with two Asus GTX650Ti Boost cards for not quite 48hrs. now and am averaging about 205Mh/s and have banked +280k coins in that time. I believe this coin to be a strong future prospect for growth and have invested in more equipment to mine it more efficiently once the parts arrive next week. You can find more info on the following thread: https://bitcointalk.org/index.php?topic=397938.0 (https://bitcointalk.org/index.php?topic=397938.0). Happy Hashing All! ;D

Litecoin, Feathercoin, Primecoin, etc..

for me there are 4 currencies with potencial to grow:
doge - such hype - wow
usde - very good name,
etok
meow - I think it could be a black horse, worth mining for a while, before it will be relaunched

Sup ya'll

lottocoin

leadcoin

piratecoin

feathercoin

If i knew for real why would i tell you anyway ? ;)

WorldCoin is the only one with a future.

DigitalCoin For Sure. Great dev team, good coin, and great community backing!

Skein and Blake.

Dimecoin seems to be user friendly and potential alternative cryptocurrency. It has great set of developers behind it and it's growing on an increasing rate.

Earthcoin!
  :D :D :D

IMHO there will be a mad rush for these crappy alts. It seems to have already started with DOGE and some others. Most people can't afford LTC,BTC or even XPM among others. So they will buy the "penny stocks" which we call alts. Some will flourish and others will not. No one really knows which ones to get so my recommendations is diversify and do your research.

QQC

I've been spending alot of time researching. I am no expert, but I've found the following interesting facts when looking for a good coin

1) fast transaction time - when you buy something you want a coin that confirms quicker than the 10min + of bitcoin. It seems to me (I may be wrong) but Earthcoin 10-30 secs (alleged) is really fast! Fastcoin and Worldcoin are fast too.
2) best to mine. Seems that Dodgecoin is good for that. But there are other coins out there that are profitable to mine
3) unique properties. Some coins have unique qualities that make it worth having:
   - datacoin - it encrypts stuff from the internet for ever supposedly
   - anonymous coin - speaks for itself
   - tagcoin - gives you rewards
   - gridcoin - lets you mine and contribute to science
   - curecoin - not release yet, but supposed to help with cancer research and stuff
   - giftcoin - because it's used for gifting
   - stablecoin - because its stable
   - quarkcoin - I am still researching, but alot of people back it
   - and others - there are loads more: http://com-http.us/ is a good site to list all coins
4) beware pump and dump coins
5) look for coins that have good marketing and support from good developers

Like I said I am no expert - but these look good long term. But you never know, and there might be a new coin in the making...

Making a question like that, the only answers you will have will be from people wishing their own coins to succeed.

Like others already said: In order to create a new coin you just have to:

 1 - enter in a site, pay about US$ 9,00, give a name and chose a crypto type (or you adopt a coin that rewards 100k coins each block, and you can get millions of that in the firt days...)
 2 - So you pre mine it and get around 1 million of "yourcoin" to your wallet
 3 - And then you think: "Hmmm... if mycoin get US$ 1,00 each, then 1 milion x US$ 1,00 = US$ 1.000.000!! OMG!! I´m rich!!!"

But as the option 3 will delay too much, you have to enter ALL the forums and spam:

  - "Mycoin" to the moon!!
  - "Mycoin" is the future!!
  - "Mycoin" much currency, "mycoin" much something...

It´s very frustrating when you ask a question like that, hoping the change valuable information but you only got these spams.. lol

There are a few members (most "hero members") that really want to help the community and answers your question. Thanks!

doge, cryptonium, lepro and franko.  8)

Thank you. A govt will of course pre-mine, but they will have to sell the idea of their currency. They can also impose rules into the chain about a certain amount goes to govt accounts, and set a nice steady inflation rate which will make everyone feel happy. They won't have to bother with taxes, and they have the option of saying fees partially go to them. They could set up scripts to automatically portion out the coins to the segments of government. If every citizen has a registered address, a portion of the taxes could be distributed in various ways. Basically this will eliminate a lot of the bureaucracy of government accounting, establish trust in the handling of currency, and eliminate the need to go out and collect taxes. In essence everyone is taxed via the fixed inflation based upon their currency holdings and transactions fees (which could use bytes + coin amount as the fee).

This would be great as it would make a very transparent govt - all transactions would flow from tax income through the hierarchy and right down to govt workers. Also, taxes would be taken at a constant rate, so there wouldn't be a huge amount of money dumped during tax time. Politicans would be able to flow money in a constant way to various departments in a traceable way.

As far as the value of alt-coins with very little differentiating factors - buying/selling them seems a little silly if you are just doing it for a name or some starting parameter. Seemingly paradoxically, I think alt-coins of all sorts are a fantastic thing. I could see schools, neighborhoods, or just groups of friends create a coin to establish a community based economy. Or perhaps one that could be used in an online game/forum. There are just so many random fun ideas that can be kicked around. This is why I get kinda depressed when I see just another coin being used as a get rich quick scheme. Put a little heart and creativity into things. Pretty Please :) And if getting rich quick is your motivation, keep in mind being different is the best way to getting there.

Frozen  8)

Anyone that doesn't agree DIGIBYTE is going to the moon is delusional or they missed the boat =*(

NXT

the only coin going to the moon is litecoin.

Why? Please argue your reasoning rather than just saying coin X will be successful.

I think that Worldcoin, iCoin, NetCoin and VertCoin will run good.

WorldCoin - launchs Sharmbeck, good dev team and good branding
iCoin - Good marketing strategy and name
NetCoin - Best name and good dev team
VertCoin - New algorythm, big beliefs among community

QRK

Lowest maintenance fee : market cap ratio = least resistant to miners dumping coins
Backed by major libertarian economists
Lots of marketing and a foundation completing projects
Coding is always being done for web apps, etc. Quarkslist and an Escrow have been made and are being tested
Fastest currency to use for transactions ~~ 12x faster than BTC
6 encryption methods vs 1 encryption for LTC, BTC, Doge

FROZEN, PARTICLES, QUARK, QUBITS, INFINITYCOINS

currently motor boating titties ROFL

QRK
NXT
DVC
LTC
NMC
PPC
NVC


All to the moon!

DogeCoin
TittieCoin
QuarkCoin
LeproCoin
EarthCoin

I doubt any of the altcoins ever get above the 13th floor, much less the moon.

I'm going with [insert name here]coin.  It has a strong community and amazing developers that are actively promoting it.  There was [no, light, small] premine and [no, light, small] instamine.  It is the next [bit,lite]coin.  I'm [buying,mining] everyone I can get.  It is going to [the mooon, mars]!!!!

I see that and raise you 10 BinaryCoin

0100100100100111011011010010000001100111011011110110100101101110011001110010000 0011101110110100101110100011010000010000001011011011010010110111001110011011001 0101110010011101000010000001101110011000010110110101100101001000000110100001100 1010111001001100101010111010110001101101111011010010110111000101110001000000010 0000010010010111010000100000011010000110000101110011001000000110000100100000011 1001101110100011100100110111101101110011001110010000001100011011011110110110101 1011010111010101101110011010010111010001111001001000000110000101101110011001000 0100000011000010110110101100001011110100110100101101110011001110010000001100100 0110010101110110011001010110110001101111011100000110010101110010011100110010000 0011101000110100001100001011101000010000001100001011100100110010100100000011000 0101100011011101000110100101110110011001010110110001111001001000000111000001110 0100110111101101101011011110111010001101001011011100110011100100000011010010111 0100001011100010000000100000010101000110100001100101011100100110010100100000011 1011101100001011100110010000001011011011011100110111100101100001000000110110001 1010010110011101101000011101000010110000100000011100110110110101100001011011000 1101100010111010010000001110000011100100110010101101101011010010110111001100101 0010000001100001011011100110010000100000010110110110111001101111001011000010000 0011011000110100101100111011010000111010000101100001000000111001101101101011000 0101101100011011000101110100100000011010010110111001110011011101000110000101101 1010110100101101110011001010010111000100000001000000100100101110100001000000110 1001011100110010000001110100011010000110010100100000011011100110010101111000011 1010000100000010110110110001001101001011101000010110001101100011010010111010001 1001010101110101100011011011110110100101101110001011100010000000100000010010010 0100111011011010010000001011011011000100111010101111001011010010110111001100111 0010110001101101011010010110111001101001011011100110011101011101001000000110010 1011101100110010101110010011110010110111101101110011001010010000001001001001000 0001100011011000010110111000100000011001110110010101110100001011100010000000100 0000100100101110100001000000110100101110011001000000110011101101111011010010110 1110011001110010000001110100011011110010000001011011011101000110100001100101001 0000001101101011011110110111101101111011011100010110000100000011011010110000101 110010011100110101110100100001001000010010000100100001

Actually I prefer hexadecimal, personally
49 27 6d 20 67 6f 69 6e 67 20 77 69 74 68 20 5b 69 6e 73 65 72 74 20 6e 61 6d 65 20 68 65 72 65 5d 63 6f 69 6e 2e 20 20 49 74 20 68 61 73 20 61 20 73 74 72 6f 6e 67 20 63 6f 6d 6d 75 6e 69 74 79 20 61 6e 64 20 61 6d 61 7a 69 6e 67 20 64 65 76 65 6c 6f 70 65 72 73 20 74 68 61 74 20 61 72 65 20 61 63 74 69 76 65 6c 79 20 70 72 6f 6d 6f 74 69 6e 67 20 69 74 2e 20 20 54 68 65 72 65 20 77 61 73 20 5b 6e 6f 2c 20 6c 69 67 68 74 2c 20 73 6d 61 6c 6c 5d 20 70 72 65 6d 69 6e 65 20 61 6e 64 20 5b 6e 6f 2c 20 6c 69 67 68 74 2c 20 73 6d 61 6c 6c 5d 20 69 6e 73 74 61 6d 69 6e 65 2e 20 20 49 74 20 69 73 20 74 68 65 20 6e 65 78 74 20 5b 62 69 74 2c 6c 69 74 65 5d 63 6f 69 6e 2e 20 20 49 27 6d 20 5b 62 75 79 69 6e 67 2c 6d 69 6e 69 6e 67 5d 20 65 76 65 72 79 6f 6e 65 20 49 20 63 61 6e 20 67 65 74 2e 20 20 49 74 20 69 73 20 67 6f 69 6e 67 20 74 6f 20 5b 74 68 65 20 6d 6f 6f 6f 6e 2c 20 6d 61 72 73 5d 21 21 21 21 It's a little bit shorter

LOL!!! ROT13

V'z tbvat jvgu [vafreg anzr urer]pbva.  Vg unf n fgebat pbzzhavgl naq nznmvat qrirybcref gung ner npgviryl cebzbgvat vg.  Gurer jnf [ab, yvtug, fznyy] cerzvar naq [ab, yvtug, fznyy] vafgnzvar.  Vg vf gur arkg [ovg,yvgr]pbva.  V'z [ohlvat,zvavat] rirelbar V pna trg.  Vg vf tbvat gb [gur zbbba, znef]!!!!

Hey, how do you think to move it to the moon with russian carrier "Admiral Kuznetsov"?

http://en.wikipedia.org/wiki/Russian_aircraft_carrier_Admiral_Kuznetsov (http://en.wikipedia.org/wiki/Russian_aircraft_carrier_Admiral_Kuznetsov)