Dangerous to invest in new Altcoins?

[Sonny]

Unless you really believe in them its probably just better to pump and dump. Dogecoin is forever though.

Doge is just a litecoin clone with an adorable icon....
IMHO, it will stay for a while, but not forever...

[robertjr]

Just based on the factor of sustainability, proof-of-work is is not energy efficient. For long term investment I am going with the new coins based on proof-of-stake (NXT and NEM).

[Abdussamad]

Unless you really believe in them its probably just better to pump and dump. Dogecoin is forever though.

Doge is just a litecoin clone with an adorable icon....
IMHO, it will stay for a while, but not forever...

Litecoin has a limit to the number of coins that can be mined. 84 million is that limit. dogecoin has no such limit.

[sanjoea]

Since the value is very very less for altcoins compare to bitcoin. even if you invest small amount you would get lot of altcoins, if it increases the value then you will get lot of profit, But if you invest in bitcoin the quantity is less but the profit also less,

[prihedap]

Hi guys,

I was wondering if it is dangerous to invest in new Altcoins? I mean, when you look at all the charts, every new coin launches pretty high, or it increases to a high peak and after that it decreases every time. Lots of altcoins are freefalling. So, the question is, are the lot of them a pure pump&dump scheme or a scam so the developer can cash in pretty big? I mean what is the point of all the altcoins when they don't "innovate" over the altcoins; i.e. NXT/QRK coins are indeed an innovation over BTC in the sense it has at least another encryption method.

Thanks for explaining,

if can pey the utility bills no one is going to stop u bat self

[vnvizow]

The higher the risk the higher the potential profit or loss  that my advise

[Kiki112]

Unless you really believe in them its probably just better to pump and dump. Dogecoin is forever though.

Doge is just a litecoin clone with an adorable icon....
IMHO, it will stay for a while, but not forever...

Litecoin has a limit to the number of coins that can be mined. 84 million is that limit. dogecoin has no such limit.

doesn't matter..

as time goes doge will be mined more and more and more slowly generating less and less coins

[Frisky]

A little... jeje

[MonkeyDOH]

@OP it's dangerous to invest in new alternative cryptocurrencies as everything

[TrailingComet]

Buy btc, ignore the rest

[mikhael]

It's really dangerous to invest on new altcoins with big amount  of premine. Might be better to invest on those innovative altcoin with no premine.

[Bigbrowndingleberry]

The greater the gamble, the higher the return.

[borer]

yes it up to you

[MicroCC]

The Altcoins are designed to enrich the creator, plain and simple. BTC may have been designed for that purpose as well, but at least it was extremely innovative.

Not every creator pre-mines their own coins, those are the alts you should steer clear of.
2nd you should avoid buying instamined coins early because they are usually dumped to hell as soon as they hit an exchange.
Doge is an anomaly in that it is a piece of crap coin but ppl are still buying it.
It violates all the rules of being a good coin.

1. Instamine
2. High block rewards/hyper inflation
3. infinity coin production

Basically stay away from alts like doge

[Dosmas]

Better invest in genuine coins.

[crypto33]

Not all Crypto currencies apart from Bitcoin are solely made in order to make the creator rich, thats a ridiculous statement for anyone to make. In anything in life once something is proven to work and it adopted by a significant number of people copies of it will be made. This isn't a bad thing it produces competition and advancements in any industry. Yes there are some coins out there that are somewhat unethical but there are definitely a lot carrying a great deal of credibility that can be useful as currencies as well as speculative investment opportunities. Its sorting out which ones are which that is the fun/profitable part  

[Sindelar1938]

Stick with btc for now
Still a little too early to call the winners amongst other cryptos

[Wanesst]

I don't invest in Altcoins. It will always be risky

[howzar]

It is very very risky to invest in BRAND NEW alts. Litecoin is okay tho

[niothor]

Not all Crypto currencies apart from Bitcoin are solely made in order to make the creator rich, thats a ridiculous statement for anyone to make. In anything in life once something is proven to work and it adopted by a significant number of people copies of it will be made. This isn't a bad thing it produces competition and advancements in any industry. Yes there are some coins out there that are somewhat unethical but there are definitely a lot carrying a great deal of credibility that can be useful as currencies as well as speculative investment opportunities. Its sorting out which ones are which that is the fun/profitable part  

Altcoins carrying a great deal of credibility?
Could you please name a few?