A warning about Alt-Coins

[gagalady]

mine them maybe they'll increase

[px66]

Hi, I like alt coins such as feather coin and phoenix coin.

[bitexch]

I am sure it has already been mentioned, but I would like to talk about a little about Mastercoin. Mastercoin isn't strictly an alt-currency, rather it a protocol layer on top of Bitcoin; Mastercoins transactions are made on the Bitcoin blockchain. Mastercoin is still in its early stages of development, but among its goals are to create a fully-functioning distributed exchange, and a system of financial instruments, including derivatives contracts, currency pegs, "savings wallets", virtual assets. Currently, a Mastercoin is identified as such by sending a trivial amount of Bitcoin to a certain Bitcoin address, the "Exodus Address". Data is further encoded within the address to include the type of transaction and the amount of Mastercoin that are being sent.

Mastercoin's development is moving fast, and many people are already quite excited about it. If successful, Mastercoin will add an entire other dimension to Bitcoin, and will greatly increase the value of the latter thereby.

[ZetaOS]

XPM Primecoin to the Moon Today! 
https://www.youtube.com/watch?v=xNErA7yQwds

Nice video! I just subscribed to your channel! 

Thanks :-)

[bitcoinbible]

I am sure it has already been mentioned, but I would like to talk about a little about Mastercoin. Mastercoin isn't strictly an alt-currency, rather it a protocol layer on top of Bitcoin; Mastercoins transactions are made on the Bitcoin blockchain. Mastercoin is still in its early stages of development, but among its goals are to create a fully-functioning distributed exchange, and a system of financial instruments, including derivatives contracts, currency pegs, "savings wallets", virtual assets. Currently, a Mastercoin is identified as such by sending a trivial amount of Bitcoin to a certain Bitcoin address, the "Exodus Address". Data is further encoded within the address to include the type of transaction and the amount of Mastercoin that are being sent.

Mastercoin's development is moving fast, and many people are already quite excited about it. If successful, Mastercoin will add an entire other dimension to Bitcoin, and will greatly increase the value of the latter thereby.

*the real mastercoins aka- MST/MASTERCOINS are picking up in price (i've been buying)>>

https://www.cryptsy.com/markets/view/62

 

[carajillu]

Hey guys, first post here. I´ve been following BTC since it was 30$ (a friend of mine bought 1000 when it was 2$), he always picks the good businesses... unfortunately for him he sold 700 when the price reached 20$ and now stands with "just" 300 BTC... lol.
My point (like veryone else I guess) is that I am afraid that maybe now is too late (at least for doing big bucks) so ALT cryptos seem to me a very good long term alternative. At the moment I own some NMC and PPC, and I am studying to enter MEC. What do you think about it??

[toor3334]

LTC will rise heigh I think

[knorrly]

Has anybody had a look at Blakecoin (https://bitcointalk.org/index.php?topic=306894.0)?

It's based on the BLAKE-256 hashing algorithm which can easily be implemented on GPUs and FPGAs.

It looks promising to me but there is not much activity. What do you think?

[BTCSTOCKS]

XPM looking like a keeper! 

[eon89]

What is an altcoin still worth mining that a cheap gaming computer could still do?

[arogatos]

Hi guys!
can anybody tell me in what altcoin i should invest right now?
i'm considering 1000$ in ppc what do you think?

[MicroGuy]

Hi guys!
can anybody tell me in what altcoin i should invest right now?
i'm considering 1000$ in ppc what do you think?

Take a bite or two out of this sell wall and you should be well rewarded over the long term: https://www.cryptsy.com/markets/view/30. But remember this is not about trading, it's about investing and helping to build the greatest coin imaginable.

[bimblebob]

i would invest in LTC or FTC.

[Tun84]

I've missed the bitcoin start-up days and i would like to ask you for a advice: it's worth investing in litecoins the days? Been watching the markets for 1 month now and in the past few days in jumped from 3-4 usd to 8-9. It really has the target of 0.25 bitcoin?

My two cents about this.  The target of 0.25 is possible but perhaps a bit high.  There are 4 times as many litecoins so assuming all else being equal between BTC and LTC then yes we could see a LTC value of 0.25.  BTC was first and will have that network effect going for it even if LTC was a better technology (not saying it is or isn't).  I think we could see LTC value of 0.10 someday.  We saw 0.05 or thereabouts last Spring and there has been a lot of good news for LTC lately.  If the excitement in these markets continues a little longer we could get a new record for LTC.  Going to be interesting to see what happens.

[MaeligCr]

Hi, first post here.

Hey guys, first post here. I´ve been following BTC since it was 30$ (a friend of mine bought 1000 when it was 2$), he always picks the good businesses... unfortunately for him he sold 700 when the price reached 20$ and now stands with "just" 300 BTC... lol.
My point (like veryone else I guess) is that I am afraid that maybe now is too late (at least for doing big bucks) so ALT cryptos seem to me a very good long term alternative. At the moment I own some NMC and PPC, and I am studying to enter MEC. What do you think about it??

I guess that's the natural approach for those who missed, like me, the early days of affordable bitcoins and litecoins (although there is yet obviously great potential here for long-term gain).
Yet, the more I look at the alt crypto-currencies, the more I believe that the next big hit will certainly not be a mediocre fork of the existing SHA256/Scrypt-based algorithms. Something new, with great potential will certainly come out of it, but I guess it will come from disruptive thoughts, disruptive designs and disruptive implementations. Not the kind of copypastas a lot of the alt-cryptos look like.
However, that being said, I'm like many of the newcomers, I want to believe that maybe there's a jewel in all these currencies. I'm also ready to change my mind, if needed, time will tell ;-)
My two cents.
-- Maelig

[tagbond]

If you are looking for a good coin with good prospects, built around a business model, take a look at Tagcoin...

[codered15832]

I really like the idea of Freicoin. They take a 5% demurrage fee is coins are not circulated. This solves one problem currently seen in Bitocoin, which is the fact that many are simply speculators selling and buying as the price ebbs and flows. There is one clear problem with this, however, which is the fact that there really isn't anywhere to spend one's Freicoin.
I think Litecoin is clearly the best investment. It seems, recently at least, to be on Bitcoin's coattails, rising and falling as Bitcoin does. Once either Gox or Bitstamp adopt Litecoin (which would seemingly mean that Coinbase would follow close behind), it should cement itself as a great complement to Bitcoin.

[AJJ]

I honestly think that Alt Coins are needed to keep interest in the whole CRYPTO Currency.

Take Bitcoins for example.
With some of the HUGE ASCII Farms that are setup, for the average user who wants to get involved it is just no possible.
Sure you can join a pool and just mine bit by bit... but then it is all robotic, requires no thinking requires no effort, and you just connect and forget...


BUT... with new AltCoins coming out, they keep people interested, people will continue doing new research, continue to try different features, and continue to tweak rigs and settings.

Thus it allows for Newbies as well as Experienced people to keep their interest Active and Alive.

BTC just happens to be the global reference currency.

It would almost be like asking... Why dont ALL countries just use USD...

Other countries don't use USD because they can't print it, every time the US printed money they would effectively be taxing any country that used USD. A better analogy is silver and gold, but that doesn't stand up either because bitcoins are divisible to 8 decimal places where a piece of physical gold it not.
Personally I think altcoins have a place because people don't want to make bitcoin early adopters ridiculously rich. Improvements in transaction verification time and a better depletion in the mining reward to favour a fairer distribution will give an altcoin an advantage. There are so manny now that they could starve each other of oxygen.

[Alex_Nguyen]

If there's no altcoins, there's no competition. We must have competitions for a healthy economy. Right now Litecoin is one major competitor to Bitcoin; its price is low and I think the Bitcoin community is underestimating it.

[mladen00]

Hi

what's yours thinking about Anoncoins

I see Anoncoins like a good no.2  cryptocurrency