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Author Topic: Dangerous to invest in new Altcoins?  (Read 6384 times)
mprep
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March 13, 2014, 02:58:38 PM
 #121

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Bitcoin offers innovation as compared to the dollar such as semi-anonymous electronic payments, decentralization and low fee transactions comparing to banks. While 99% (not all of them) of altcoins offer tweaked versions of Bitcoin or Litecoin without any useful features and often premined.

so they are all the same, except for the waste of energy caused by PoW mining

you are just repeating slogans, not thinking
Well, those that use other methods of securing the blockchain and succeed in it are the 1%. However, I'm talking about all those coins created every day almost identical to each other, made to bring profit to the owner.

mgburks77
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March 13, 2014, 03:46:16 PM
 #122

Quote
Bitcoin offers innovation as compared to the dollar such as semi-anonymous electronic payments, decentralization and low fee transactions comparing to banks. While 99% (not all of them) of altcoins offer tweaked versions of Bitcoin or Litecoin without any useful features and often premined.

so they are all the same, except for the waste of energy caused by PoW mining

you are just repeating slogans, not thinking
Well, those that use other methods of securing the blockchain and succeed in it are the 1%. However, I'm talking about all those coins created every day almost identical to each other, made to bring profit to the owner.

I can agree with that.
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March 13, 2014, 09:48:41 PM
 #123

If you have a little time to buy and hold, I think these will be the top three coins in a few years: BTC, GLD, and LTC.
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March 13, 2014, 11:31:01 PM
 #124

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HEISENAIR
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March 15, 2014, 04:19:12 PM
 #125

I invest most of my "investment" money into Bitcoin. However, I also put a small percentage into ALTcoins each month. I figure it is worth the bet. Some may win, some may lose. I have a mindset that I will lose it all, and then I am not too fussed if they do in fact lose.

I must admit it is fun, and i really enjoy it. You only need one to take off and it will pay off huge! Risky and fun, thats why you should only invest a small amount if any.

The future looks like a lot of fun!!
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