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TitanBTC
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May 19, 2013, 01:08:15 AM |
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It seems like Alt-coins are an opportunity to make a lot money if you can spend a little on PR. Penny stocks work the same way. Its more than just "pump and dump" because people are creating real demand. Savvy investors used to buy penny stocks low and then blast news articles about the company and how well it was doing and invariably there is a spike in price.
It's illegal to do this now for anything traded on a U.S. stock exchange, but since these alt-coins are totally unregulated, there's nothing stopping anyone from using those tried and true tactics on whatever coin they may be holding at the moment. Why not try to ride the wave on an Alt coin that looks like its getting good PR? I've made a solid return on my investment just by playing the Ups and Downs on the alt-coin marketplace.
As long as you look at them as instruments for day trading, I don't see any reason why you shouldn't be mining them and trading them. Why not let the free market decide what survives? Natural selection is beautiful that way.
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Sting17
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Activity: 68
Merit: 10
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May 19, 2013, 02:35:50 AM |
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I think we will see a lot of alt-coins disappear unless they serve a particular purpose such as namecoins. I got my money on Litecoins to be the big leading as it currently is. Who do you think is in the third spot? Terra?
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TitanBTC
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May 19, 2013, 03:56:37 AM |
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If you look at what is most profitable to mine in real time, some of the other scrypt based currencies seem to come out on top. Litecoin is definitely an early leader but because of the number of people mining it, the profitability is dropping. It wouldn't take much of a price swing to make another coin the best option in terms of return on your mining investment. http://www.coinchoose.com/ has a great comparison chart for people looking to choose an alt coin to mine. |
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samar20
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May 19, 2013, 06:08:41 AM |
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thanks for information regarding how to deal with other members and to be protected.
I am here to understand about bitcoins and also to buy bitcoins for my amazon gift cards.
thanks.
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Tonyman
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May 19, 2013, 08:38:06 AM |
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If you look at what is most profitable to mine in real time, some of the other scrypt based currencies seem to come out on top. Litecoin is definitely an early leader but because of the number of people mining it, the profitability is dropping. It wouldn't take much of a price swing to make another coin the best option in terms of return on your mining investment. http://www.coinchoose.com/ has a great comparison chart for people looking to choose an alt coin to mine. Nice page. Thx |
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xiaoyu_tang
Newbie
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Activity: 14
Merit: 0
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May 19, 2013, 10:26:21 AM |
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someone said ripple is scam, but some others said it's legitimate. I feel confused.
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abuelau
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May 19, 2013, 11:14:34 AM |
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I am holding LTC for speculative reasons and have a few YAC as well that I mined using a free Amazon AWS voucher I had. I wonder what's going to happen to these coins.
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LimLims
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May 19, 2013, 12:08:04 PM |
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I'm trying to work out which altcoin to invest my kh/s in. It seems Goldcoin is run by a bunch of arrogant teenagers looking for quick profit. Worldcoin seems to have potential but there's no guarantee it'll be traded on any major exchanges. So I'm thinking either BQC or LTC. What other promising coins are out there?
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Dexterity
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May 19, 2013, 01:08:19 PM |
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I'm trying to work out which altcoin to invest my kh/s in. It seems Goldcoin is run by a bunch of arrogant teenagers looking for quick profit. Worldcoin seems to have potential but there's no guarantee it'll be traded on any major exchanges. So I'm thinking either BQC or LTC. What other promising coins are out there?
GLD has a bunch of spammers crapping on every coin. Lack of support and annoying users. RYC had promise but interest has dropped off since WDC came out. I'm personally mining some NBC right now with half of my hashing power and the other half is still mining WDC. |
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longgia001
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May 19, 2013, 03:26:27 PM |
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I'm holding WDC , comming soon on BTC-E  |
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dmd23
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May 19, 2013, 04:14:53 PM |
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LTC balances BTC like the moon balances earth.
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HD7970Cuda
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Activity: 117
Merit: 10
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May 19, 2013, 05:14:17 PM |
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novacoin cool  |
BitcoinNew: 15s1WVvieoeCEmQh2ee9Q8HV9YHyyC9QGY
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baltazar
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May 19, 2013, 05:37:17 PM |
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I am also mining WorldCoins now. Does anyone now any exchange where one can trade them? Thx in advance ...
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mika1977
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May 19, 2013, 05:52:46 PM |
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Me too mining WDC but cannot sell them. Any suggestions.
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EBM
Member
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Activity: 70
Merit: 10
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May 19, 2013, 06:14:59 PM |
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Avoid anything except BTC, LTC and PPC.
They are the top three by market cap. BTC is $1Bn+, LTC is $65m, PPC is $5m.
BTC is too big to fail. LTC is immune to SHA 256 ASICs. PPC has long-term potential as the most energy efficient system.
Namecoin at least does something different too, but the rest are just BTC-damaging scams set up by people you really don't want to be enriching.
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BTC: 1DZnyYaZ2VcQWNyYayNBqfTVQw2JQAmdA5
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oddwh
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May 19, 2013, 07:12:58 PM |
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I've minned WDC too, it's fun to mine because the amount of coins increases so fast  But I hope we will be able to trade it soon ! |
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darkproton
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May 19, 2013, 08:13:37 PM |
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GLD all the way! No premining
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r1nftw
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Activity: 21
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May 19, 2013, 08:52:39 PM |
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I've read that Bter will have soon WDC trading....hope so.
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mrsideshow
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Activity: 2
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May 19, 2013, 10:53:33 PM |
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So far, from my experience it seems like most alt coins get a little interest at first and this starts to generate a higher price, but then after the buzz wears off the price drops like a rocks. The only exception I would say is litecoin and ripple. Because each of them are unique enough to separate themselves from BTC
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