A warning about Alt-Coins

[jordixal]

Hi guys, what do you think about alt coins like QRK and Earth?

It seems that a lot of people don't trust QRK. Supposedly largely premined and controlled. Personally, I just don't really believe all the QRK hype, and I the value hasn't risen significantly over the past weeks, so low on my interest-list.

Earthcoin looks promising. I like the ideas, I like the enthusiasm, I like the coin-design  Also, EAC is a LiteCoin descendant.
It will be interesting to see what the value does once it hits exchanges. EAC has a high difficulty, so that might be an indicator for a quickly rising value and a fast uptake by the community.

Thx, I'll read more about EarthCoin

[VSCvisacoin]

 if you believe they are pump and dumps

[IainKay]

Just my 2 cents on alt coins here.

We've seen how long it takes for a coin to become established (Litecoin). For example to allow you to trade another alt-coin into LTC; or to hold it's own USD exchange rate. We've also seen that Litecoin valuation is still heavily tied to BTC.

I just don't see how another alt coin has the chance of catching up, let alone taking over from BTC as a primary coin. So this leaves me wondering, what's the point? The whole first post about Pump&Dump to make a bit extra coin seems to be the only sensible conclusion I am left with.

Never the less for as long as scrypt mining is most profitable - that's where my hashes are at.

[MobMin]

Well, the challenge for alt coins (and crypto coins in general), in my opinion, is that they get adopted

1) by the mining community - this happens quite often except for crap coins
2) by the investing community - this only happened to a small number of alt coins
3) by merchants - this is something where even btc is still struggling.

[ltcexe]

Catcoin just launched today......born a bit premature from the looks of it.  Watch out for pool scammers.  Read the beginning to start and then the end of the thread where the dust is starting to settle.....

https://bitcointalk.org/index.php?topic=380130.0

Read the beginning to get started and then the end of the thread where the dust is starting to settle.....

Curious to see if it can compete with Dogecoin, I assume dogecoin will be talked about a lot during this holiday season.

[Jae888]

So, I have taken an interest in alt coins as well and I came up with my own set of criteria for how I invest in them.  I just wanted to share that with you and would love to hear any thoughts you might have about it as I am interested in refining it as time goes on.  I basically put the below questions on a grid with the particular alt-coins I am comparing and I look through to see how they stack up against each other and I make my decisions from there.  Here are the questions I ask myself:

1)  How has it been improved upon from Bitcoin?
2)  Does it have a core group of active developers helping it along?
3)  What is the community like?
4)  Do I like it (what is my overall feeling about the coin taking into consideration the name, the look of the logo, my overall impression, etc.)?
5)  What has its chart done (what does the graph on coinmarketcap.com look like)?
6)  Does it look like it has long-term value?
7)  Are people actually spending the coin (or giving it away/tipping each other etc....basically...is the coin moving or just standing still in everyone's pocket)?
 What is the coin's current price and my perception of its potential to increase in value?
9)  What are people saying about the coin in the forums/in articles, etc?
10)  How long has the coin been around?
11)  What are some of the core ideologies/principles associated with the coin and does that resonate with me?

Hopefully this can be helpful to someone and as I said, would love to hear your thoughts on how this could be refined even more.

Cheers

[sdfdsf]

BTC may be a pump and dump but DOGE is better

100 billion coin limit means it wont ever be worth enough to speculate on

[ZBBBB]

I am new to mining to an extent and would love any insight anyone has. I have a 5,000k hash machine I built and have been bouncing around. I am not one for the good ol' "pump and dump" and want to find a newer coin to really invest in and ride out for the long haul. I current have about 1k Feather, 1k Digital, and a million BillionCoin. Does anyone have a suggestion on where to go, what to do, where to invest? Any ideas would be great.

[guybrushthreepwood]

BTC may be a pump and dump but DOGE is better

How is BTC a pump and dump, and how is DOGE better?

[ZBBBB]

BTC may be a pump and dump but DOGE is better

How is BTC a pump and dump, and how is DOGE better?

Exactly what I was thinking? Maybe got the names backwards?

[hilariousandco]

BTC may be a pump and dump but DOGE is better

How is BTC a pump and dump, and how is DOGE better?

Exactly what I was thinking? Maybe got the names backwards?

Haha, I think he might have.

[bitdolla]

MEOW WOOO!

[lvtdcns2014]

Thanks.

[merv77]

Merry Christmas to all on bitcointalk and all the best for the new year 

[ZBBBB]

Merry Christmas to all on bitcointalk and all the best for the new year 

Same to you!

[DariusIII]

It ate a lot of the rest of my post earlier. I was going to ask other newbies if they had traded crypto currency on ebay before?

 I sold 5 lots of 1,000,001 MILLIDoge for an average price of $115.00 on ebay last few days. The buyers are trying to claim that I promised 1 million doge for the price. In the description/body of the ad I say five times that they are getting 1,000 Doge only for thier $127.00, one guy bought three lots. Now everything is being held by Paypal, and I was wondering what paypal would do with the profits - since they say they have no refund/buyer protection for intangible digital items.... anyone had experience with this?

[hilariousandco]

It ate a lot of the rest of my post earlier. I was going to ask other newbies if they had traded crypto currency on ebay before?

 I sold 5 lots of 1,000,001 MILLIDoge for an average price of $115.00 on ebay last few days. The buyers are trying to claim that I promised 1 million doge for the price. In the description/body of the ad I say five times that they are getting 1,000 Doge only for thier $127.00, one guy bought three lots. Now everything is being held by Paypal, and I was wondering what paypal would do with the profits - since they say they have no refund/buyer protection for intangible digital items.... anyone had experience with this?

They will just issue refunds to the buyers no doubt. Ebay/PP don't care about sellers and you're not meant to sell cryptocoins on there.

[DariusIII]

 Three of the buyers (who paid $0.12 per Doge!) complained. Two said "noit as described" and one claimed never delivered. I am thinking (well probably hoping is a better word) that the two who said not as described may still go through if they actually look at the descriptions though. Heres the sale

http://www.ebay.com/itm/1-000-001-ONE-MILLION-ONE-millidogecoins-milliDoge-fractional-DogeCoin-m-Doge-/171199988500?_trksid=p2047675.l2557&ssPageName=STRK%3AMESOX%3AIT&nma=true&si=f2x9QrV0HSaIhpFD24GZi5B2TLk%253D&orig_cvip=true&rt=nc

 

[hilariousandco]

Three of the buyers (who paid $0.12 per Doge!) complained. Two said "noit as described" and one claimed never delivered. I am thinking (well probably hoping is a better word) that the two who said not as described may still go through if they actually look at the descriptions though. Heres the sale

http://www.ebay.com/itm/1-000-001-ONE-MILLION-ONE-millidogecoins-milliDoge-fractional-DogeCoin-m-Doge-/171199988500?_trksid=p2047675.l2557&ssPageName=STRK%3AMESOX%3AIT&nma=true&si=f2x9QrV0HSaIhpFD24GZi5B2TLk%253D&orig_cvip=true&rt=nc

 

Lol, well obviously they're idiots for not reading the description. Did you withdraw the money from your PP as soon as you got it?

You should send the coins on a paper wallet andto verified adresses only and make sure they sign for it. You're better protected that way, but it's still not foolproof.

[Rytis Jonas]

Merry Coinmas!!

I would be much grateful for Christmas DogeCoins!
My address:

DEegHJhu5cjL2YE3buMLZnhNWLbtdYVmj3