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Author Topic: A warning about Alt-Coins  (Read 901684 times)
BingTord
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June 20, 2013, 02:45:29 AM
 #701

I amtrying to work out which altcoin to invest my kh/s in. It seems Gold coin 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?
tt1212
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June 20, 2013, 02:59:39 AM
 #702

The only advantage I see with alt coins right now is the mining difficulty, and that gap is closing in fast. I tend to move money in and out of ltc and nmc, but only for trade purposes only. I have yet to use either of them to purchase anything. Well to think of it, I haven't really used bitcoin yet either. Heh  Undecided
sidhujag
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June 20, 2013, 06:46:50 AM
 #703

here is a tip for noobs hold a cheap alt not btc because it moves in tandem with btc thus more gains ie cheapest coin is devcoin sonits a good bet or even nmc or ppc stick with older cheaper coins. Dont hold just btc
valuecoin
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June 20, 2013, 07:04:16 AM
 #704

Do you think it will be only bitcoin?
sidhujag
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June 20, 2013, 03:53:29 PM
 #705

Do you think it will be only bitcoin?
No bitcoin hasa deflation problem it will be an alt with uncapped supply
john2010G
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June 20, 2013, 11:19:18 PM
 #706

I just love the pump and dump. I usually increase my profit like 200% that way, don´t care about the alt coins more than that, but is true that one of them may be a boom some time
Idoru
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June 21, 2013, 12:18:34 AM
 #707

Thoughts on Alt-Coins vs Litecoin??
sabahgamemaker
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June 21, 2013, 06:19:32 AM
 #708

I have started mining stablecoin because it seems like a logical thing to do. Fast transaction, no premine, etc.
sabahgamemaker
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June 21, 2013, 06:20:18 AM
 #709

Thoughts on Alt-Coins vs Litecoin??

Definitely litecoin. It already has intrinsic value that people would pay for.
Ari-d
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June 21, 2013, 11:17:48 AM
 #710

I see a future in coins such as digital coin.Because of the large amount of development pushing the coin to do new things, this seems really community based as well. other coins like franko, noirbits and argentum seem to have a lot of support around them with further development to.I think driving for true alternative coins can make them valuable instead of a bunch of clone "alternative" coins.
sadsaewwqww
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June 21, 2013, 02:02:16 PM
 #711

I am holding LTC for speculative reasons.  The world is just now waking up to Bitcoin.  It would be too much to overwhelm people with altcoins at this point.
celiya20
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June 21, 2013, 02:03:29 PM
 #712

If you were lucky enough to join the bandwagon early on you can mine quite a few coins. But It's best to sell them as soon as you can.
if the coin lost it's hype the coins value will diminish
HarHarHar9965
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June 21, 2013, 05:28:47 PM
 #713

yep most alt coins are just quick pump and dumps! it's sweet when you can get in early and dump on all the fools, but you know, feels sort of crappy knowing that it's pretty much a ponzi scheme
allban
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June 21, 2013, 11:36:45 PM
 #714

If you were lucky enough to join the bandwagon early on you can mine quite a few coins. But It's best to sell them as soon as you can.
if the coin lost it's hype the coins value will diminish

or buy them early
dsfer8ererew
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June 22, 2013, 01:23:20 AM
 #715

Does anyone know of any mtgox trading bots that actually works at the moment? I have some funds for trading but I don't have a lot of time on my hands right now. I'm willing to purchase one at the right price.. I'll need a video with a demonstration first.
vfbgfdgfdgf
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June 22, 2013, 01:25:17 AM
 #716

I just read that Mtgox has plans to open litecoin trading in July. Does anyone have any new information on this? I've noticed the price of LTC has spiked quite a bit today.
vcxbvcbcvgfy
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June 22, 2013, 02:19:40 AM
 #717

There is not really a point to the alt-coins that are out there. Do any of the provide a better standard? If so the people will switch but all I can see as of now are variations of bitcoin.
shirleyhartley022
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June 22, 2013, 02:29:58 AM
 #718

Are you planning on holding any alt coins long-term? If so, how long do you plan to and which ones?
michaelburger
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June 22, 2013, 02:32:02 AM
 #719

Is worth it to purchase ASICs right now? I was looking at BFL but it sounds like the lines to get them are very long. Are there other companies selling right now? Would it make sense to purchase for alt coin mining exclusively?
bnbnbmkjhkiuy
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June 22, 2013, 02:43:02 AM
 #720

Is worth it to purchase ASICs right now? I was looking at BFL but it sounds like the lines to get them are very long. Are there other companies selling right now? Would it make sense to purchase for alt coin mining exclusively?

This is a natural result of the appearance of mining ASICs.  ASICs are so much faster than GPUs that soon GPUs will be unprofitable.  I would not buy a GPU specifically for bitcoin mining any more, you need FPGAs or ASICs to compete in this bitcoin economy.
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