[2017-03-08] MInt: Investors who missed bitcoin rally turn to dash, ether, moner

[polynesia]

Investors who missed bitcoin rally turn to dash, ether, monero

http://www.livemint.com/Money/bHgV6EwzNKVKSrI3JsFRZN/Investors-who-missed-bitcoin-rally-turn-to-dash-ether-mone.html

With bitcoin on a tear, Mira Kwon decided there’s more money to be made elsewhere. A little over a month ago, the University of Maryland economics graduate began pouring more than $2,000 into a different cryptocurrency called dash.

“Bitcoin is expensive,” Kwon, a mother, investor, Korean interpreter and US Army veteran, said in a telephone interview. “I think dash has a bigger growth rate.” So far, it’s worked. Dash has risen to $46 from $15.20 when Kwon started, according to prices at CoinMarketCap.

With a market value of $326 million, dash has become the third-largest crypto-currency, behind bitcoin and ether. Other digital currencies are on the move, too, including monero and zcash, to name some of the 700-plus out there. Investors who feel they missed out on bitcoin are seeking a different path to crypto-riches.

[eaLiTy]

It is true that new people coming into the crypto world are focusing on other coins as well because there are certain elements that an initial user would think is the high price the coin is at the moment while you are able to purchase other coins which are relatively less volume and value but if you are comparing the profit percentage you get from other coins i know you can make a good amount of money even with arbitrary trading.