Are Altcoins the new "Penny Stocks" ? Will they take over Wall Street?

[Allan Ramanda]

Depending on how it progresses. I think nothing is impossible, everything can be achieved if the management works well.

[daniel244king]

Depending on how it progresses. I think nothing is impossible, everything can be achieved if the management works well.

So is there really such a thing as a shitcoin?

[Spoetnik]

I really see them from the start as penny stocks.

Pump and dump

SOme coins pump and dump only, never think about wall street. All you need to do is how to make coins are reality. I mean just buy real projects. When market trust to real project more people soon will turn to crypto exchangers. It means more transaction and more value. The benefit for traders is volume. When volume of transaction is higher the opportunity to make profit is higher too.

You have to have a strategy for altcoins - either short-term or long-term.  

There is really no such thing as a "pump and dump" coin.  That is just a complaint that early investors make when the original ICO price drops in the short-term.  Unless the dev abandons the project, there will be long-term gains to be made - no matter what the altcoin.

I totally agree you have to have a strategy, is that particular investment a strategic or tactical investment? Strategic investment should have a longer term view whereas, a tactical allocation is more like a punt.

Actually "pump and dump" happens in the stock market as well, just that they arent as blatant as ppl in the crypto world and there is BIG BROTHER watching.

You are absolutely right!

We live in a society where the law of supply and demand is paramount. 

Investments are risk and reward ventures.

You are an idiot.
You are side stepping the concept that some coins are bad and some are good.
This shitty little greedy stupid selfish childish mentality where anything goes is pure bullshit.
Grow up Investards.

How is supply & demand with any historical scam like a Pyramid scheme ?
Works the same way doesn't it ?

I keep telling all you idiots but you have your head in the sand playing dumb..
..or you are.

Just like on Wall Street there are good companies and bad.  What does that have to do with anything?

Just like bad companies can be bought out and turned to good; so can bad coins be forked or relaunched and made good. 

DASH was not a success overnight and there was a time when it too was considered a "shitcoin". 

Look at how many versions of DASH there were before they got it right.

Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street

Yeah i get it buddy.. harping and repeating your same stupid shit doesn't make it true.

[daniel244king]

I really see them from the start as penny stocks.

Pump and dump

SOme coins pump and dump only, never think about wall street. All you need to do is how to make coins are reality. I mean just buy real projects. When market trust to real project more people soon will turn to crypto exchangers. It means more transaction and more value. The benefit for traders is volume. When volume of transaction is higher the opportunity to make profit is higher too.

You have to have a strategy for altcoins - either short-term or long-term.  

There is really no such thing as a "pump and dump" coin.  That is just a complaint that early investors make when the original ICO price drops in the short-term.  Unless the dev abandons the project, there will be long-term gains to be made - no matter what the altcoin.

I totally agree you have to have a strategy, is that particular investment a strategic or tactical investment? Strategic investment should have a longer term view whereas, a tactical allocation is more like a punt.

Actually "pump and dump" happens in the stock market as well, just that they arent as blatant as ppl in the crypto world and there is BIG BROTHER watching.

You are absolutely right!

We live in a society where the law of supply and demand is paramount. 

Investments are risk and reward ventures.

You are an idiot.
You are side stepping the concept that some coins are bad and some are good.
This shitty little greedy stupid selfish childish mentality where anything goes is pure bullshit.
Grow up Investards.

How is supply & demand with any historical scam like a Pyramid scheme ?
Works the same way doesn't it ?

I keep telling all you idiots but you have your head in the sand playing dumb..
..or you are.

Just like on Wall Street there are good companies and bad.  What does that have to do with anything?

Just like bad companies can be bought out and turned to good; so can bad coins be forked or relaunched and made good. 

DASH was not a success overnight and there was a time when it too was considered a "shitcoin". 

Look at how many versions of DASH there were before they got it right.

Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street
Just like on Wall Street

Yeah i get it buddy.. harping and repeating your same stupid shit doesn't make it true.

You know,  if you have some facts to back up your statement lets hear it. 

I am sick of all the whiners on bitcoin talk that don't do anything but whine all day long.  Go somewhere and have a good cry then come back with some facts.

[daniel244king]

Looking at some of the headlines in the past few weeks have proven that altcoins indeed are taking over wall street.

$1.3 Trillion USD in ICO worldwide.

What do you think?

[HEROinME]

ICO are here to stay and i think this will be the new way to raise funds.
however, investors still need to do their homework before throwing their money into the project.

[sincntx]

I think there are some suck altcoins, but also great altcoins

[disconnectme]

ICO are here to stay and i think this will be the new way to raise funds.
however, investors still need to do their homework before throwing their money into the project.

I do agree with you that ICO are here to stay but there are alot of work to be done to sanitize the space, alot of fraud are going on in the space and the funny thing is that these developers don't know they are defrauding people or maybe they know they just throw caution out of the window, can you imagine Ethereum foundation doing another ICO for Raiden platform. Can someone tell me what they do with their own ETC tokens they got from hard fork or those Airdrop tokens from Omisego and co

[Dannaey]

There are over a thousand companies and stocks listed on major U.S stock exchanges.  Despite tech giants like Apple (APPLE) and Google (ALPHABET) having near trillion dollar valuations, its has not taken away from the other approx 20,000 other stocks sold on various exchanges:

https://www.quora.com/How-many-publicly-traded-companies-are-in-the-world.

There are only only approx 900 Altcoins in the world compared to 20,000 U.S stocks.  

Bitcoin (BTC) has a valuation of approx $40 Billion USD but smaller Altcoins like FOOTYCASH (FOOT)  and Tatoocoin Limited Edition (TLE) have seen 5000%+ increases in the past month.

Are Altcoins becoming the new penny stocks?



UPDATE:

With the Feds now trying to regulate tokens like DAO, does this mean that altcoins are poised take over Wall Street?

For me this will be a long way journey for this thing to happen. Before it take over Wall street, Bitcoin and other Cryptos must be accepted as legal digital currency in the world.

[SeanNGullett]

I can not fault you considering the meaningless numbers in the market. I see some potential altcoins but there is little and in the middle and I guess you need to do abit homework before plowing your money into the "game". Altcoins are not underestimated because their value is well worth it. They can call into "Penny Coins" not shitcoins because altcoins can have their own use. I just want to buy real projects. When the market believes in the project, many people will soon switch to crypto exchange. It means more transactions and more value. The benefit to traders is volume. When the transaction volume is higher, the chances of making a profit are higher.

[wolfracer]

It is unlikely the Altcoins outperform or equate the Penny Stock Market since the US government will always protect its businesses, especially the current government, through regulations, bans or any measure that protects its own interests.