A warning about Alt-Coins

[chilin_dude]

Hi guys, new poster.
I've been recently mining both DGC & BBQ (as they had highest value according to http://dustcoin.com/ , currently debating if I should cash these back into litecoins as that is what I was originally mining, but then realised I'd probably get more mining the others then converting.
Pros & Cons of both...

[garp]

Started with LTC since i like the alternative scrypt mining?  Looking at investing in some mining equipment.
Also looked into some coins with thrustworthy names such as worldcoin and goldcoin
Hope i can learn some more on this forum.

Anybody some suggestions?

garp

[emmocks]

I came here for doge. Doge will destroy us all but I cannot resist them. I suppose that's why purgatory was made.

[garp]

Also started using Cryptsy with small amounts to get some exchange experience.
It seems to me they have some annoying delays built into their system. Combined with some heavy load this could be a disadvantage for them.
Anybody else with the same experience?

[virtualaddict]

I came here for doge. Doge will destroy us all but I cannot resist them. I suppose that's why purgatory was made.

my 3.0mh/s is now pointed at dogecoin. can't resist it. 

[s4rn]

Bought Sexcoin at .003. Holding, it may be .01 tomorrow morning!

[scottjv]

Yeah sexcoin is going through the roof! Being listed on coinmarketcap definitely helps push the price up but what other factors are at work here?

[SolomonSollarsNSense]

Agreed, a good coin needs, great developers, dedicated miners, and a large community of followers and users,
not enough new coins are pushing to have their coins used by websites, nor by offline shops.

The right strategies will make or break coins long term survival.

For instance, if a new coin can create a good website, or persuade a current website to use their coin, and only accept their coin, then that will create a constant supply of buyers for that coin.

Offline a coin community could persuade a few local shops and businesses to accept their coin, this would make it more appealing for people to buy and use, or hold as an investment long term..

I like the way you think. Just #Makes$ense

[Jaslynn]

Looks like Quark coin is one of the best in future. So many criticisms and lots of talk about QRK recently. It only gonna give a positive effect

[yahma]

Any more info about Quark Coin?  Why do you think it will be the best?

[MrGoods]

I think that most popular c-currencies prises will soon be much better balanced. Bitcoin is popular and good, but sure there will be severeal actively-use currencies.

[zbrasc197]

Cryptsy.com sent 111,000,000 COL coin in my wallet (about 10 days) with the following trxid: 01e8855b0e48cba93ab4bbd70605f5ee067dda01f2815ecb457cfe75c556765c
My address is: 2CWYfeXRySBZif759hu58xJyjHsszXt9YC

My wallet is synchronized and redownloaded many times but i never get this coins in my wallet.
Can somebody help me?
(cryptsy.com support is dead and incompetent)
 
 
http://www.cryptcha.com

[CryptoTramp]

I wouldn't spend too much time on new cryptos, but don't mind to give them a go and mine a few.

Actually I think most growth is in alt-coins although they are even more volatile I think only a few good ones will survive and potentially even replace bitcoin as they offer some important improvements (bloated blockchain, transaction confirmation time, scrypt etcetera). I mean, there were social networks before facebook...

I personally believe that it I physically and economically unfeasible without alt currencies because there are only 21 mill BTC even with 10 decimals we can do even smaller transactions in alt currencies because not everyone has dollars/ euros/ pounds to invest. Some a re investing Baht, Tanzanian Schillings and even Indonesian or Vietnamese currencies, etc. How can you want to make a transaction so close to actual high valued fiat currencies  and not want to save your fractions of pennies/ eurocents/ pence when they are valuable in otherparts of the world. BTC will be the Virtual unofficial Digital US Dollar (currencies of international trade) nd Alt currencies will become the future of microtransactions (i.e. the rest of the worlds transactions)...... Food for thought... thought I would try to improve level of talk to bump up some seniority levels.... Let me know what y'all think.

[CryptoTramp]

You got it right,dude. Only a few coins will stand the test of the time.

I believe the more support the CC community gives to all currencies both scrypt and SHA-256e the longer they will exist and the more valuable they will become. Especially if we completely mine out an already existing currency. Plus the more exchanges that support them the better they will preform. The more money and CC we invest in the system the less of a chance they will fail and the more they will be accepted on a global scale. Who knows maybe you'll be able to buy gas a the station will an Credit card, cash and Zeta coin combination

[zbrasc197]

Hi everyone!
 
I created a website that include almost all cryptocoin vs USD charts and naturalyl /BTC and /LTC charts.
You can set email alerts to get alert e-mails when a given coin exchange value is higher or lower than alert value, etc.
You can use for free and if you need something special, or you have an idea please contact me: contact@cryptcha.com
 
www.cryptcha.com
 
Best Regards!

[toetx2]

Hi everyone!
 
I created a website that include almost all cryptocoin vs USD charts and naturalyl /BTC and /LTC charts.
You can set email alerts to get alert e-mails when a given coin exchange value is higher or lower than alert value, etc.
You can use for free and if you need something special, or you have an idea please contact me: contact@cryptcha.com
 
www.cryptcha.com
 
Best Regards!

Nice!

[liwaichung]

ok Thank you very much for the info,it does sure helps

[mechanik100]

Hi everyone!
 
I created a website that include almost all cryptocoin vs USD charts and naturalyl /BTC and /LTC charts.
You can set email alerts to get alert e-mails when a given coin exchange value is higher or lower than alert value, etc.
You can use for free and if you need something special, or you have an idea please contact me: contact@cryptcha.com
 
www.cryptcha.com
 
Best Regards!

It looks useful. What about statistics for a longer period?

[bitbox]

I wouldn't spend too much time on new cryptos, but don't mind to give them a go and mine a few.

Actually I think most growth is in alt-coins although they are even more volatile I think only a few good ones will survive and potentially even replace bitcoin as they offer some important improvements (bloated blockchain, transaction confirmation time, scrypt etcetera). I mean, there were social networks before facebook...

I personally believe that it I physically and economically unfeasible without alt currencies because there are only 21 mill BTC even with 10 decimals we can do even smaller transactions in alt currencies because not everyone has dollars/ euros/ pounds to invest. Some a re investing Baht, Tanzanian Schillings and even Indonesian or Vietnamese currencies, etc. How can you want to make a transaction so close to actual high valued fiat currencies  and not want to save your fractions of pennies/ eurocents/ pence when they are valuable in otherparts of the world. BTC will be the Virtual unofficial Digital US Dollar (currencies of international trade) nd Alt currencies will become the future of microtransactions (i.e. the rest of the worlds transactions)...... Food for thought... thought I would try to improve level of talk to bump up some seniority levels.... Let me know what y'all think.

Good point CryptoTramp, I completely forgot about max amount of BTC coins. According to http://en.wikipedia.org/wiki/Gross_world_product Gross World Product was over 70 trillion US dollars back in 2012. If the whole world was going to switch over to BTC one day, then each Bitcoin would cost more than $3,000,000. This sounds insane And as you mentioned - every penny counts in fiat money. So it seems that BTC cannot survive without alt-coins. I have to look at some of them closer  

[hashbox247]

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