You could be alright with this, 9 times out of 10 the price jumps a bit when they move onto a larger exchange but you could also be left holding a bag of worthless coins, I suppose it is all about timing.
Thanks for affirming. It is the same I supposed... if one gets in soon enough there should be profit most times. |
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Most altcoins raise a lot on being released. Let's say you buy some altcoin with BTC as they release (first or second day of release at most) and inmediately set them to sell at, say a 5% more of the buying price. Would it be a good strategy?
I know that it will fail for some coins, but Would it not be profitable on average?
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It is not as easy.
Yes, buy low...but What is low? which seems "low" today can be much lower tomorrow and even lower in a week.
At least for sell "high" we can define it as being higher to the price you bought, but again, it could go much higher.
Low is very relative. At least in traditional stock market you can "value invest" and know that a company is really lower than it is worth. But with coins it is hard to know that. Very hard.
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For the time being, bank. It is far more secure IMO, as there are lots of problems with Bitcoin lately. If you hold an online wallet, all may disappear. If you hold them in your computer, it is not as hard that it is broken losing your bitcoins, etc.
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To be independent from central banks and solely based on supply/demand
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Same here, got 2-3 transactions blocked. Hope it solves soon, this is not very good for Bitcoin.
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I first invested on BTC-Flex on 29 July. Put in about 100 $ in Bitcoin. Waited for about thirty days, and freed the deposit leaving the benefits in to profit from them. I have also invested additional amounts here and there, but am on green.
However, be extremely cautious. It is likely to close soon, as it has been operating for many days. I would recommend to get back the deposit as soon as you are in benefit. Freeing your deposit after 2 days you do profit about a 1%.
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The only I can say about this is that I registered, received an activation e-mail, and on trying to log in, a message saying that my account was cancelled appeared, with no apparent reason.
Perhaps it was because I registered through a proxy.
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I think HaoBTC is offering deposit BTC and earn interest. But there's a big deposit needed to start with HaoBTC and interest is not really that big. They have a thread here in BCT somewhere.
I have a HaoBtc account, and can say the work pretty well paying interest hourly (at least the last time I entered it, which was some weeks ago). Right now I do not how they are paying, I am trying to enter but can get through the chinese language, as homepage has changed (before you can see it in English, but right now I cannot find the option). Interest was about 6-8%, so it requires a lot of money to get a decent amount. |
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Is there any site or app like that, in which to get info about altcoin releases, news etc.? or it is just better to keep an eye on forums like this?
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It is not a bad idea at all, but sounds too complicated, requires quite a lot of hardwork, a somewhat high investment (the 1500) and you do not see profits until some time passes by.
That is, is good but requires quite a lot of faith (as you do not see the effects inmediately). This would put off many people, who would prefer trading (for example) in which they see effects inmediately.
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This is something I have been thinking at times. What would happen if suddenly someone came up with a new algorythm/technology that could mine Bitcoin much faster? I see all those predictions about mining ending by 2100 ... but Isn't it possible that some new miner comes up raising the mining speed a lot? No idea about it, just asking  in 2009 CPU mining was the big thing.. difficulty was low but kept on par with the estimates.. then.. (shock, horror) GPU mining hit the scene.. and the difficulty raised to compensate.. then FPGA, then more specialist stuff doing terra and peta has speeds.. and each time the difficulty changed to compensate.. .. so mining coins still is and always will be inline with long term estimates. as the difficulty changes to compensate I see. I was totally ignorant about that (been in bitcoin about 7 months now). I thought that the diffuculty escalated more "naturally" not because better equipment was found. I thought equipment was developed in order to keep up with difficulty, not that difficulty raised due to the equipment. What an enlightening post!  |
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There are a whole bunch of people in this thread posting complete nonsense without any knowledge at all about what they are talking about. The only person that got it right is NorrisK: - snip -
That's why there is difficulty readjustments. Every 2 weeks the avarage blocktime is determined and corrected back to 10 minutes by increasing the difficulty of the hashes.
A revolutionary miner would result in a giant leap in difficulty.
More importantly, what you are asking about has already happened. Multiple times. In the beginning ALL mining was handled with CPUs. Then, "someone came up with a new algorythm/technology that could mine Bitcoin much faster". They realized that GPUs could mine bitcoins thousands of times as fast as CPUs. Because of this the difficulty target soared and it became difficult to mine profitably with CPUs. Then, "someone came up with a new algorythm/technology that could mine Bitcoin much faster". They built ASICs that could mine bitcoins thousands of times as fast as GPUs. Because of this the difficulty target soared and it became impossible to mine profitably with CPUs, and difficult to mine profitably with GPUs. If, in the future, someone else comes "up with a new algorythm/technology that could mine Bitcoin much faster", then the difficulty will once again soar, and it will become impossible to mine profitably with GPUs and difficult to mine profitably with ASICs. The only way to change this dynamic is to break the SHA256 hash. If, given an exact hash, you can find a way to consistently create a block with that exact hash in less than 10 minutes, then bitcoin mining will be broken, and we will need to hard fork to a new proof-of-work algorithm. Wonderful explanation, this is what I was looking for. So the possibility for it to happen is there, only there are methods to readjust/prevent it. So theoretically (I understand this is almost impossible) the algorythm might be broken, but it will be adjusted through other algorythm |
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Another algorithm would require a fork, and it's unlikely it will be adopted (Scrypt and many others came, and Bitcoin did not switch)
As for newer tech, that's been happening from time to time: bigger and better ASIC's
As I said, I am not a math or algorythm expert but... It is not possible to find another way to calculate the hashes that cuts the process short? I have also heard that Scrypt/Litecoin was designed to be ASIC resistant but failed. Could not something similar happen to Bitcoin in such a long timespan as 100+ years? |
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Yes, fees suck. Only for regular trading, you need to have an excell sheet or something to calculate the real price you are paying in trades.
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This is something I have been thinking at times. What would happen if suddenly someone came up with a new algorythm/technology that could mine Bitcoin much faster? I see all those predictions about mining ending by 2100 ... but Isn't it possible that some new miner comes up raising the mining speed a lot? No idea about it, just asking |
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I have been using it for one month or so and I like it. It is awesome and payment is quite good. However, I am sorry that free websites (blogger) are no longer allowed.
But keep the good work!
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Very nice and simple to use rotator. Thank you for sharing this! Please consider a litecoin version |
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i always try HYIP but only if that site is new and just once with some bitcoin but actually its not much, so far i've got double from them i.e bitcoinsdouble,com after that i leave it, i would never to deposit again because i think i will lose all of my bitcoin if i deposit again, but iam not sure if we're going to get double at the first time
Same here. Early investors always get profit from those HYIP. IF you are a late investor please think trice if you will join that HYIP or much better not to join it anymore even they are rocking for a weeks. NOT always. HyIPs are somewhat like waves, i think. Sometimes they run fine for a while, paying small amounts, then start to not pay bigger amounts, then stop all withdraws. But at times it seems there is no one investing besides those who think they can be fast. Then they invest and because nothing more comes in, the owner stops withdraws instantly. It looks then like no hyip is working at all. Guess most need to learn from their own failure.  And sometimes you just deposit and the deposit never reaches your account. This happened to me two days ago. I sended 200k satoshis (always a small amount first just to try) and the deposit never appeared. Contacted support, but it did not reply. It is really risky. |
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Litecoin. Is fast to transfer, and there are exchanges in which you can use it better (i.e they have a minimum for Bitcoin trading, but the minimum is much lower for trading litecoin).
I also like dogecoin for about the same reasons. In fact I would prefer one of those two (a lower value coin) to be able to send even lesser value transfers. It is less risky to play with smaller fractions in exchanges.
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