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Author Topic: A warning about Alt-Coins  (Read 901681 times)
bufalo
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December 06, 2013, 08:53:07 AM
 #1701

I think PPC is definitely the best Altcoin and maybe the best coin in the future. Great Developer and will be at the very least a long term coin for the holding of money.
I'm agreed, PPC is the best altcoin!
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December 06, 2013, 09:11:36 AM
Last edit: December 06, 2013, 09:41:30 AM by Gumbum
 #1702

Hello. Total newb here. I just recently started mining coin called Quark. I Only have my desktop computer, so i'm only getting like 20 QRK/day. I'm starting to doubt if that's even worth the trouble... Anyone have any experiences/advice on Quark?  Smiley

They have pretty much all been mined. Your best bet is to buy in and watch what happens when Bill Still is guest at Max Keiser. It might turn out to be a good short term investment.
HairyMaclairy
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December 06, 2013, 10:06:15 AM
 #1703

Crypto currency seems to be a winner take all market to me.  I don't see even litecoin really taking off unless btc gets 51 attacked. 
Gumbum
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December 06, 2013, 11:06:59 AM
 #1704

I don't see even litecoin really taking off

Litecoins market cap is atm more then $880 million. At what point do you think it "takes off"?
StarvingMarvin
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December 06, 2013, 11:13:22 AM
 #1705

Hello. Total newb here. I just recently started mining coin called Quark. I Only have my desktop computer, so i'm only getting like 20 QRK/day. I'm starting to doubt if that's even worth the trouble... Anyone have any experiences/advice on Quark?  Smiley

A million per annum are being mined which brings about 0.5% of inflation. I feel quarks are interesting because of the added security, how fast they are confirmed compared to bitcoin and the keiser/still effect as mentioned earlier. It may or may not end up succeeding but definitely an alt worth diversifying into at least a little in my opinion.
p4n
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December 06, 2013, 12:18:21 PM
 #1706

All people having Quarks are waiting for the 19th interview. What if thats interview its nothing? It's like the future of Quark will be decided that day or something like that... a bit risky.
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December 06, 2013, 12:27:33 PM
 #1707

It's like the future of Quark will be decided that day or something like that... a bit risky.

If you haven't noticed, all cryptos are risky. It's all a big bet right now, and you are either in or out.
If you don't like the roller coaster ride, just turn your back and walk away...you'll possibly sleep better Smiley
MrBTC
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December 06, 2013, 01:13:04 PM
 #1708

Its always worth taking a look at,will see.
showtek
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December 06, 2013, 02:13:02 PM
 #1709

Still looks fun
johncoin
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December 06, 2013, 02:19:48 PM
 #1710

I hope that goldcoin will goes up again a little bit at least to return my investment. I didn't do a proper research and now I reading everywhere what a big scam GLD is Sad
hilariousandco
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December 06, 2013, 02:22:07 PM
 #1711

I don't see even litecoin really taking off

Litecoins market cap is atm more then $880 million. At what point do you think it "takes off"?

Haha yeah. It's already taken off; you just missed it. I'm excited to see where it heads, because it was pretty stable for weeks at about $4, then suddenly shot up to $40 and has been hovering around there ever since.

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kokett
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December 06, 2013, 02:22:12 PM
 #1712

Somebody mined skeincoin?
jhowtv
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December 06, 2013, 02:26:45 PM
 #1713

I'm mining by tendency .....  Grin
johncoin
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December 06, 2013, 02:41:30 PM
 #1714

I don't see even litecoin really taking off

Litecoins market cap is atm more then $880 million. At what point do you think it "takes off"?

Haha yeah. It's already taken off; you just missed it. I'm excited to see where it heads, because it was pretty stable for weeks at about $4, then suddenly shot up to $40 and has been hovering around there ever since.

Question is where this trend will go. Would it pump or dump? I think the future of AltCoins is good because when BTC will be used by many people and services there will be also demand for more coins. And only 21M coins can't cover that demand at one point
maxxoccupancy
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December 06, 2013, 02:45:12 PM
 #1715

It's like the future of Quark will be decided that day or something like that... a bit risky.

If you haven't noticed, all cryptos are risky. It's all a big bet right now, and you are either in or out.
If you don't like the roller coaster ride, just turn your back and walk away...you'll possibly sleep better Smiley

And that's what I'm saying.  An altcoin can be built that is much less risky--perhaps less risky over the long run that these fiat paper bills that are floating around.

My concern with the world's growing supply of fiat paper "money" is, what do you do with the money that you can't afford to lose.  Some people buy land, gold, silver, stocks, etc, but all of those fluctuate wildly.  Some hold dollars or euros, which are great for the short term, but horrible for the long term.  Just wait until the music stops and there aren't enough chairs to go around.

For those mining altcoins, what do you hold on to while other digital coins are going through some volatility?  On the stock market, there are treasury notes that can be held short term because they are not likely to lose their value short term.  They are used as islands when various stocks are not doing as well.  That is to say, those treasuries don't yield any great returns, but they offer a good place to keep your money when you go can't be watching the market.  When computers trigger stop-losses, selling a money losing stock or fund, that money has to go somewhere.

What I'm suggesting for a digital currency is something close to that for exchanges, but that also encourages CPU/GPU mining as a means of getting widely established.  Such an altcoin is not attractive for either the Pump'n'Dumpers, nor short term speculators.  It may not grow in value wildly, but it's appropriate for those less tolerant of risk.

I would like to work on development of a polymorphic altcoin that maintains a stable value and is more resistant to fraud.
btc: 15diNSNVontYf5iUvQqnLSQJ9rCAHuwpyJ   betyourbits.com      LTC: LRqVTEPcS7uusMy7JDqYEUg6KqdhfRWC5B
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hilariousandco
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December 06, 2013, 02:46:53 PM
 #1716

I'm mining by tendency .....  Grin

I'm mining my own business  Cool

I don't see even litecoin really taking off

Litecoins market cap is atm more then $880 million. At what point do you think it "takes off"?

Haha yeah. It's already taken off; you just missed it. I'm excited to see where it heads, because it was pretty stable for weeks at about $4, then suddenly shot up to $40 and has been hovering around there ever since.

Question is where this trend will go. Would it pump or dump? I think the future of AltCoins is good because when BTC will be used by many people and services there will be also demand for more coins. And only 21M coins can't cover that demand at one point

That's the beauty of being involved in cryptos at this early stage. It's exciting to see where they go in the near & distant future.

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kokett
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December 06, 2013, 03:12:48 PM
 #1717

What is XRP ?
micaman
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December 06, 2013, 05:10:07 PM
 #1718

Ripple credits, aka XRP or ripples, are the Ripple network's internal, or native, currency.
https://ripple.com/wiki/Ripple_credits
hilariousandco
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December 06, 2013, 06:58:48 PM
 #1719

What is XRP ?

One of alt coins. I just got from sexcoin faucet dropping from 15 to 6.9 coins.

SXC: S3hEgFoHuQHfgo1mg5Frs5T5w9oMp8LPkw


There's a sexcoin now? Shocked

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PAYMENTS
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me755
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December 06, 2013, 07:01:32 PM
 #1720

What is XRP ?

One of alt coins. I just got from sexcoin faucet dropping from 15 to 6.9 coins.

SXC: S3hEgFoHuQHfgo1mg5Frs5T5w9oMp8LPkw


There's a sexcoin now? Shocked

Hehe yea and they act out like they are rich already. I mean, I like the idea. Might not work all the way but might can have potential.

f.u
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