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Author Topic: What do you think is the best coin to invest in right now and why?  (Read 6231 times)
lovely89
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February 25, 2014, 11:10:28 AM
 #81

I am looking at a potential 100% return in a few months.

LoL. You can get 100% return in a few hours by picking the right pump and dump alt coin.

I never saw the appeal of World Coin (apart from endless cries of "great community" which kind of smacks of desperation). It's not even particularly fast any more by today's standards (see for example Coino, Quark, Doge and a host of other coins). Not that speed is important anyway (in my opinion). Anything under 2-3 minutes is enough for a crypto currency.

The fact is that all Alt coins are just proxies for Bitcoin, so it doesn't matter which one you're in - they're all the same with different names and websites. Their values are measured in Bitcoin and the only reason people buy then is so that they might end up with more Bitcoin.

One or two have a very slight snowball's chance in hell of replacing Bitcoin if it ever falters - IMO PPC, XPM and LTC do in that order. That's about it. Meanwhile there are 3 categories of possible alternative cryptocurrency networks which could co-exist with Bitcoin. These would be:

[1] - store of value coins (Ones which are not used for day-to-day trading but are held as high value reserves). For me that's PPC, XPM (which were designed as such)

[2] - 2nd generation networks (which support all kinds of meta applications such as de-centralised exchanges, contracts, coloured coins etc). So that's NxT, Etherium, Mastercoin etc

[3] - liquidity coins. These are massive supply currencies who's value bobs about and which are used for buying groceries and throwing around in large amounts. So that's things like Doge and Tips

The rest may have specialist functions and may have markets, but those are the ones that stand out for me because they are unique - not clones, have properly designed roles in the crypto-economy and are who's value is not based on irrelevant criteria such as "it's fast" or "great community".


As much as I can't stand Doge, out if principle, this is the first sensible things said on this thread!
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February 25, 2014, 11:32:31 AM
 #82

qrk, doge, ltc  - large dedicated communities.

btc - always hold a few

ppc - a few


gambles i like because big upsides


dmd, phs, cgb, qqc, vel, icoin, new adt2, bee, cash, huc

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