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Author Topic: The best buy right now is not Bitcoin, it is ALTCOINS  (Read 7406 times)
owm123
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January 13, 2016, 11:59:10 AM
 #181

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

If bitcoin fails, every altcoin will fail. It does not matter if some altocoins have better technology or not.

For any altcoin to succeed, bitcoin must be well. And only altcoins that provide something that bitcoin does not, can be alongside bitcoin. Whether these are faster confirmation (e.g. litecoin), anonymity (e.g. monero) or using computer power for science (e.g. gridcoin), etc.

Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com
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SISAR (OP)
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January 13, 2016, 12:03:14 PM
 #182

If bitcoin fails, every altcoin will fail. It does not matter if some altocoins have better technology or not.

Ohh, one of the epic bullshits rotating around cryptocoin community.
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January 13, 2016, 02:19:21 PM
 #183

Coins with PoW that waste a ton of electricity sure are the future right? Nothing gets investors excited like a coin that requires ever expanding resources in order to secure the network.

Money must be expensive to create.  That's what gives it value.  
  
A rock that came from a planet a thousand light years away is more valuable than a child's macaroni art.  
  
A coin that was forged through millions of computers all competing using a network measured in zettahashes (PoW) is more valuable than a coin given out to someone for sitting on a large stack of already minted coins (PoS).  
  
You may not understand money as well as you think.  It's not a bug that Bitcoin or Monero is so hard to create - it's a feature.  

If you waste all available energy on mining some PoW coin you will end up with zeroes and ones stored somewhere (HDDs or whatever) that are useless because you have no energy to start the show. Or if we go hardcore physics, since everything is energy, you would end up with nothing, literary. Right there you should see a big difference BTC vs anything physical. BTC is immaterial and requires so many things to function in order to be of some use while everything material stands on it's own. Gold and diamonds are pretty much indestructable and you don't have to use any energy or whatever else to maintain their qualities and properties. Hence all cryptocoins suck in a grand scheme of things.

If it is not up to human greed and a need to secure the network (so failed specie we are) one could run the show with average computer.

"We poured money into it, therefore it should be valuable" is an absurd statement. Moore's law will make it so that only those with a monetary interest will secure the network, and only those with money will be able to do so. Using millions of computers to create a coin and having that be the basis of value is not logical system for a currency. Comparing a space rock to macaroni art is a terrible example.
martinacar
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January 13, 2016, 08:25:55 PM
 #184

Altcoins are way to risky. I would net recommend trading it without some practice or guidance from an expert.
You will end up losing loads of money else.
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January 27, 2016, 01:45:51 PM
 #185

"I told you!" bump!  Grin

For more on what might come true check https://bitcointalk.org/index.php?topic=1342936.0
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