VOTE - POLL How many of us are here for a cryptocoin other than Bitcoin?

[CornedBeefHash]

I started with DogeCoin as my first cryptocoin.  I'm having fun mining various coins on my lowly ATI 7750 card (~140 kh/s).  So far I'm up to 0.3 BTC after mining DogeCoin, CatCoin, MoonCoin, and now CoinyeCoin.  I wish I could get into actual Bitcoin mining but the cost of entry is so high with returns that are so low.

That seems like a recurring theme. People would like to be here for Bitcoin only but they feel that the cost of entry is too high for them. The community needs to solve that problem if they want more widespread use. Maybe it is time to spread the concept of mBTC or some other sub-whole-coin system.

[lemfuture]

other coin only.
i view bitcoin as usd, as alt coins to other world currencies

[CornedBeefHash]

other coin only.
i view bitcoin as usd, as alt coins to other world currencies

ROFL that's a fun way to look at it.

Bitcoin is the world leader or the dollar. Litecoin is like Euros, ProtoShares would be Yen and Tenebrix would be the Zimbabwean dollar.

[CornedBeefHash]

Interesting, so far only 12.8% of new members are here exclusively for Bitcoin.

[GabrielKomatsu]

The bitcoin ship has sailed entirely, there's really no money to be made off them; save market speculation.  Even that's pointless unless you have a LOT of capital, which no one pursuing cryptocurrencies really has: we're all after the fountain of youth.

I sit around and watch the boards and look for new coins coming out and look for hype, news, and allocate my measly 650 k/hash (7950 & cpu) accordingly.  mined 500k dogecoins before the difficulty and popularity sky rocketed, now I watch the market for them very closely.  I bought a million of them at 26 satoshis, so I'm up quite a bit at the moment.

besides all that I recently purchased the intelligent investor and  security analysis and I am learning everything I can about stocks, options, and futures.  I have a 1,000 dollar stock portfolio which I monitor daily and I've seen some success with my tiny amount of capital.

I think capitalism is a beautiful thing.  All of us have the opportunity to make all the money in the world, all we need is a little bit of capital.  Armed with nothing but knowledge, moderation, and restraint 1,000 can become 10,000 dollars, or even 100,000 dollars.  I would advise everyone to never be intimidated by anything and search out the profit and the money of the economy.  That's what got me into real finance and that's also what got me into cryptocurrencies.

[CornedBeefHash]

The bitcoin ship has sailed entirely, there's really no money to be made off them; save market speculation.  Even that's pointless unless you have a LOT of capital, which no one pursuing cryptocurrencies really has: we're all after the fountain of youth.

I sit around and watch the boards and look for new coins coming out and look for hype, news, and allocate my measly 650 k/hash (7950 & cpu) accordingly.  mined 500k dogecoins before the difficulty and popularity sky rocketed, now I watch the market for them very closely.  I bought a million of them at 26 satoshis, so I'm up quite a bit at the moment.

besides all that I recently purchased the intelligent investor and  security analysis and I am learning everything I can about stocks, options, and futures.  I have a 1,000 dollar stock portfolio which I monitor daily and I've seen some success with my tiny amount of capital.

I think capitalism is a beautiful thing.  All of us have the opportunity to make all the money in the world, all we need is a little bit of capital.  Armed with nothing but knowledge, moderation, and restraint 1,000 can become 10,000 dollars, or even 100,000 dollars.  I would advise everyone to never be intimidated by anything and search out the profit and the money of the economy.  That's what got me into real finance and that's also what got me into cryptocurrencies.

That was well said. I would agree that the cost of entry into Bitcoin is very high for mining. For people into speculating, like miners are, choosing the correct altcoin is a difficult task. Choosing travels along a spectrum very similar to any investment trading. Bitcoin comes with less reward but is more a proven investment. Dogecoin may have had a greater reward but comes with a proportionally increased risk.

[Anjack]

I kinda think most other crypto currencies will die out.  I am, however, excited about Ripple. 

[Exorcet]

Came for LiteCoin, staying for WorldCoin

Although I've done best in the  two days I mined lottocoin just after launch - converted at cryptsy to btc then wdc first few hours of listing. Hope I can match that profitability again it was phenomenal. Basically ended up with a months worth of WorldCoin (what I would mine at my hash rate) in two days.

[Morning-Star]

I'm here to mine and speculate on some alts, but mostly to convert into BTC and enjoy the ride.

I kinda think most other crypto currencies will die out.  I am, however, excited about Ripple. 

When I read up about Ripple, and how it is all sold or handed out by one "for profit" I instantly lost interest, I'd rather invest in fiat or a precious metal. Also the current market cap is not real because only a small % has been released into circulation.

Came for LiteCoin, staying for WorldCoin

Although I've done best in the  two days I mined lottocoin just after launch - converted at cryptsy to btc then wdc first few hours of listing. Hope I can match that profitability again it was phenomenal. Basically ended up with a months worth of WorldCoin (what I would mine at my hash rate) in two days.

Well I'm not here for Worldcoin. Have you looked into the coins creators?

[Morning-Star]

Interesting, so far only 12.8% of new members are here exclusively for Bitcoin.

The other 87.2% wouldn't be here if it weren't for the BTC juggernought!

[MineBig.com]

have been a bitcoin lurker for years...but altcoins got me to take the jump

[Anjack]

When I read up about Ripple, and how it is all sold or handed out by one "for profit" I instantly lost interest, I'd rather invest in fiat or a precious metal. Also the current market cap is not real because only a small % has been released into circulation.

What's wrong with profit?  The concept is awesome, although the UI currently needs a lot of work.  Certainly you wouldn't put all that work into it and expect to live off of warm fuzzies

[Morning-Star]

Nothing is wrong with profit, but when one entity has complete control over the release and/or minting of a currency, well that's is the same as fiat anyway, but at least some countries have a slightly operating democracy. To me Ripple is just 100% premined with the only excuse to do so is to eradicate security problems. I'm not sold on it but that's just my opinion.

What is so awesome about the concept?

[blindprophet]

I came for Doge, but have started trying different coins.  Bitcoin is beyond my mining means.

[jacknb1ack]

for 1 month i am stupidly mining bitcoin with a low end gpu ... and starting to read more then understand it really - really stupid of me didn't looking into altcoins section ...

now, i am here just looking for new fresh coin that will be ... well ... give me profit ...

thats all ...

[Annuvin]

Mostly LTC, little BTC and some WDC, Doge, Coye, FTC, Quarks

[Radar]

Bitcoin, Litecoin, Worldcoin! 

[hellfrozenow]

I started with DogeCoin as my first cryptocoin.  I'm having fun mining various coins on my lowly ATI 7750 card (~140 kh/s).  So far I'm up to 0.3 BTC after mining DogeCoin, CatCoin, MoonCoin, and now CoinyeCoin.  I wish I could get into actual Bitcoin mining but the cost of entry is so high with returns that are so low.

That seems like a recurring theme. People would like to be here for Bitcoin only but they feel that the cost of entry is too high for them. The community needs to solve that problem if they want more widespread use. Maybe it is time to spread the concept of mBTC or some other sub-whole-coin system.

The concept entry is too high is pretty dumb. Bitcoin is most sucessfull, and probably only coin long term here, this is why Bitcoin is most valued.

[hilariousandco]

I started with DogeCoin as my first cryptocoin.  I'm having fun mining various coins on my lowly ATI 7750 card (~140 kh/s).  So far I'm up to 0.3 BTC after mining DogeCoin, CatCoin, MoonCoin, and now CoinyeCoin.  I wish I could get into actual Bitcoin mining but the cost of entry is so high with returns that are so low.

That seems like a recurring theme. People would like to be here for Bitcoin only but they feel that the cost of entry is too high for them. The community needs to solve that problem if they want more widespread use. Maybe it is time to spread the concept of mBTC or some other sub-whole-coin system.

Not everybody has to be a BTC miner. You can make your BTC mining other coins like this guy did. Any coins that have any longevity will eventually become unprofitable to small-time miners, so you just move on to another and trade the coins you make for BTC and it's essentially the same.

[CornedBeefHash]

I started with DogeCoin as my first cryptocoin.  I'm having fun mining various coins on my lowly ATI 7750 card (~140 kh/s).  So far I'm up to 0.3 BTC after mining DogeCoin, CatCoin, MoonCoin, and now CoinyeCoin.  I wish I could get into actual Bitcoin mining but the cost of entry is so high with returns that are so low.

That seems like a recurring theme. People would like to be here for Bitcoin only but they feel that the cost of entry is too high for them. The community needs to solve that problem if they want more widespread use. Maybe it is time to spread the concept of mBTC or some other sub-whole-coin system.

Not everybody has to be a BTC miner. You can make your BTC mining other coins like this guy did. Any coins that have any longevity will eventually become unprofitable to small-time miners, so you just move on to another and trade the coins you make for BTC and it's essentially the same.

Not everybody needs to mine at all. People can just buy coins. If you were going to just buy coins instead of mining which one would you buy? If you can't justify buying a coin to use as money for purchases why mine it at all? I don't think overstock.com will be accepting doge anytime soon.