A warning about Alt-Coins

[p2p]

Alt-coins is where it's at right now.

[duul]

In case anyone actually wants to discus altcoins instead of shutting them down like OP, head over to altcoinforum.com

[judasiscariot]

I've been mining Chinacoin (CNC) recently.  I don't plan to hold for long.  Since BTC-E started supporting it  I may move it over to BTC/LTC.

[JungleBook]

Almost all of the alt-coins are there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Be careful about wasting time with too many alt coins.

I bet thats the kind of thinking many had about Bitcoins in the beginning but look where it is now. I am not bashing you in anyway, I just feel like qualifying your statement. People should really research what their going into because maybe one of the Alt-coins will have a boom like BTC.

Agreed. Many alt-coins out there have great potential and some-not all will hit it off big.

+2

[BtcBling]

Alt coins can become useful, I think, if people start accepting them for services or goods. That's all that is missing.

For some reason I think thare will be only one world currency... an it is bitcoin. At least I hope so. All kid of in-game etc are fine, but I dont think so that there will be many mass adopted crypto currencies. Actually I was interested in LTC etc, but now feeling those might be very wasted time.

[BitJohn]

Let the market play it out altcoins are good if they don't have value folks wont trade mine or buy.

[Clubs]

As soon as nobody is mining a coin anymore, transfers are pretty much impossible, and the coin is basically useless until people start mining it again.

[jonsi]

Ripple is not open source and it's centralised. Don't support them!!!

[RAMZA]

Ripple is not open source and it's centralised. Don't support them!!!

+1

[prdde]

In my opinion if bitcoin fails for any reason, i don't see any reason why people would jump on any other altcoin, atleast for a very long time. Its bitcoin or fiat.

[AKG1987]

I tried feathercoin and the value was less than half the next day.  I got out of feathercoin quick lol.

[cryptopi]

I believe altcoins show a fair bit of promise, you just have to choose the right ones

[cryptostore07]

Helpful thread.

Thvnks

[Ravun]

I guess i'm still pretty new at this but I'm not really sure you can trust any of the ALT coins. BTC, LTC and PPC seem to be the only 3 worth putting hardware into.

[BtcBling]

I guess i'm still pretty new at this but I'm not really sure you can trust any of the ALT coins. BTC, LTC and PPC seem to be the only 3 worth putting hardware into.

The only one which have real potential is BTC.
LTC is something like sub-economy for btc, but very small and no real potential to grow. Maybe it works fine just as it is. Anyway, wasted time.

[server]

Alt coins are great !!

Alt coins are a great distraction to keep difficulty low as possible until 20.000 bfl asics arrive.

More alt coins please

[Ravun]

I guess i'm still pretty new at this but I'm not really sure you can trust any of the ALT coins. BTC, LTC and PPC seem to be the only 3 worth putting hardware into.

The only one which have real potential is BTC.
LTC is something like sub-economy for btc, but very small and no real potential to grow. Maybe it works fine just as it is. Anyway, wasted time.

I guess, although that tune might be changing when ASIC miners start pushing GPU miners out of the ring. LTC will be where they end up me thinks. /shrug I'm new what do i know

[taiwanbtc]

someone almost convinced me to buy some chinacoin.... thank goodness i didn't

[Chaoskampf]

Regardless of whether they are pump and dumps, if you know how to place orders you can make handsome dividends trading them

[Rapunzel]

are there any alt coins that are worth mining? that are likely not to be pump and dump coins?