Trishula (OP)
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January 15, 2014, 07:00:06 PM |
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What are some good strategies for making money with alternative cryptocoins, at the moment i am down .04 btc. Any advice is appreciated! thanks in advance
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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guybrushthreepwood
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January 15, 2014, 07:12:25 PM |
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What are some good strategies for making money with alternative cryptocoins, at the moment i am down .04 btc. Any advice is appreciated! thanks in advance
You want to trade BTC for other currencies or mine? I'd just hold the BTC or you could lose it all. Too many scam and crapcoins about. |
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sniksen
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January 15, 2014, 07:15:05 PM |
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Mine and trade them for BTC
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Bomberchicken
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January 15, 2014, 07:27:30 PM |
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The best strategy would indeed be to mine altcoins and trade them for BTC while the hype is still going.
Some coins won't get you anything, while other coins may get you a more than decent amount of BTC for the time spent mining.
Obviously it's quite a risky strategy (losing time and money on mining), but risk is inevitable when you're looking for profit.
Holding on to the BTC you already have and the BTC you're going to earn is the way to go in the long way IMO.
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fontpage
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January 15, 2014, 08:22:14 PM |
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trading is good.
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techgeek
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January 15, 2014, 08:44:55 PM |
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trading is good.
It depends if you can get your funds out in a timely fashion. |
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FairQuark
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January 15, 2014, 08:47:00 PM |
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Hello and welcome,
Read the wikis and learn!
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WayToGo
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January 15, 2014, 08:52:08 PM |
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too many scams going on at the moment. so be careful.
Tx.
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punklad
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January 15, 2014, 08:59:39 PM |
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I THINK THE BEST WAY IS TO WATCH THE EXCH AND SEE WHATS MAKING THE MOST DO A FEW TRADES AND SEE IF YOU CAN DOUBLE YOUR COINS I DOUBLED MY LITE COINS IN A DAY BY TRADING BETWEEN OTHER COINS BE CAREFUL THOUGH AS YOU COULD ALSO MAKE SOME BAD TRADES
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piropig
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January 15, 2014, 09:02:55 PM |
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start mining a relativity new altcoin. such as piratecoin. then once they are on an exchange sell for a good profit. mined sexoin with 4 7950's for a month and a half and when price went up sold it and made almost $11000.
otherwise mine and trade for btc. this is not a get rich quick scheme. its about research and luck. you need to support the community with the coin you choose
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Coindude101
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January 15, 2014, 09:52:49 PM |
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As said before, start with the small alt coins and trade up the good ones. Try to gauge coins before release which have:
-good qualities that set them apart from other alts
-have a buzz or hype around them (or community spirit)
-have a trustworthy dev team i.e. don't waste your time with scamcoins and pump n dumps
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MarkCara
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January 15, 2014, 10:14:39 PM |
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noob question too, where is the best place to trade bitcoin and wmz ?
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RomeoandJuliet
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January 15, 2014, 10:24:36 PM |
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What are some good strategies for making money with alternative cryptocoins, at the moment i am down .04 btc. Any advice is appreciated! thanks in advance
Just buy the coins you want! |
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scottii
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January 16, 2014, 12:12:30 AM |
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What are some good strategies for making money with alternative cryptocoins, at the moment i am down .04 btc. Any advice is appreciated! thanks in advance
0.04 btc isnt much for a loss. the best way to make up for a loss, is to buy and go for the long. however, you need to know a really good judgement on which investment will be worthwhile on the long run. i have a few recommendation, and are widely based in the following article. http://www.cryptocoinsnews.com/2014/01/15/dark-horse-cryptocurrency-franko/hope this helps, and merry trading. |
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Trishula (OP)
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January 16, 2014, 05:01:50 AM |
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thanks for all the replies but honestly this was just so i could post in other forums
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SouthernTiger
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January 16, 2014, 06:02:04 AM |
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I think you should trade your btc.
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