Shocked At What Alt Coins Are For

[seafarer124]

Please have a read from Post #483/Page 25 onwards of the link below.

https://bitcointalk.org/index.php?topic=438150.msg4896459#msg4896459

My posts were trying to discover the purpose of alt coins.

When I saw the comment below I was quite shocked.

"Quoted by yatsey87 - Newbs and people who want to make a quick profit care. They don't give a shit about cryptocurrency or what it can achieve or represent, they just want to get rich quick. "

I have always believed that BTC was trying to make a better world.

If people involved in BTC have the same perception as our friend's comment above, there is not much future for BTC.







 

[Bitcoins101]

Some people think the US dollar is for giving to charity and some people think the US dollar is payment for murder.

There are lots of people involved in cryptocurrency. Many have different perspectives than others.

[BittBurger]

The parasitic day traders are always around the alt coin scene.  
Then there are those who use alt coins to "mine bitcoins" because mining bitcoin directly isn't easy anymore.
Then there are those who feel alt coins are a good testing ground for future bitcoin features.
None of this amounts to a hill of beans for the success of Bitcoin.
Bitcoin will succeed.  Its past the point of speculation in that regard.

[seafarer124]

yatsey87 thinks he is going to be making substantial gains.  Quite possibly he will be a big loser.

[hyunsookmom]

So no-one bought Bitcoins hoping to turn a quick profit...........Pleaseeee

The amount moral high ground taking in the Bitcoin section is the only shocking thing around here.

[Phinnaeus Gage]

The parasitic day traders are always around the alt coin scene.  
Then there are those who use alt coins to "mine bitcoins" because mining bitcoin directly isn't easy anymore.
Then there are those who feel alt coins are a good testing ground for future bitcoin features.
None of this amounts to a hill of beans for the success of Bitcoin.
Bitcoin will succeed.  Its past the point of speculation in that regard.

You think the day traders are bad, wait till you learnt about those selling securities.



Now where the fuck did that image come from? Damn, there's some strange shit happening on this forum.

~TMIBTCITW

[bitpop]

That's a weird image {{weird image}}

Damn it doesn't always work

So if you're dumb and invest in alt coins, then sorry, someone's gotta take advantage of you

[BlockChainLottery]

Besides a few alt coins that are really different from Bitcoin in the way they work, most alt coins are indeed used for getting rich quick. There is no other reason why there should be a few hundred alt coins. People are so gullible.

[bitpop]

They are all pump and dump

[acoindr]

"Quoted by yatsey87 - Newbs and people who want to make a quick profit care. They don't give a shit about cryptocurrency or what it can achieve or represent, they just want to get rich quick. "

I've posted many times why I believe some alt-coins have tremendous value for the cryptocurrency community, so I won't do it now. I will say the people only trying to make a quick profit were anticipated and are even necessary. By continuously flooding the market with coins of low value they make the ones with real value stand out and be viable. That's the reason Litecoin, for example, has a half billion market cap despite there being at least 30 other clones and 50 plus alts by now.

[bitpop]

Even Litecoin is a scam

[Phinnaeus Gage]

Even Litecoin is a scam

Dude, that's where I draw the line! No way in he... Nevermind! I thought wrote Bitecoin.

Back to reader before the big game starts at 5:30 PM on FOX.

[acoindr]

Even Litecoin is a scam

I would remind you many people to this day think Bitcoin is a scam.

At some point though that probably doesn't matter. I think Bitcoin has reached that point, and so has Litecoin.

[LostDutchman]

Please have a read from Post #483/Page 25 onwards of the link below.

https://bitcointalk.org/index.php?topic=438150.msg4896459#msg4896459

My posts were trying to discover the purpose of alt coins.

When I saw the comment below I was quite shocked.

"Quoted by yatsey87 - Newbs and people who want to make a quick profit care. They don't give a shit about cryptocurrency or what it can achieve or represent, they just want to get rich quick. "

I have always believed that BTC was trying to make a better world.

If people involved in BTC have the same perception as our friend's comment above, there is not much future for BTC.







 

Sometimes the truth hurts!

"Quoted by yatsey87 - Newbs and people who want to make a quick profit care. They don't give a shit about cryptocurrency or what it can achieve or represent, they just want to get rich quick. "

[Gamer67]

Oh the horror of it all.

[Phinnaeus Gage]

Even Litecoin is a scam

I would remind you many people to this day think Bitcoin is a scam.

At some point though that probably doesn't matter. I think Bitcoin has reached that point, and so has Litecoin.

At least Bitcoin doesn't have dozens of security, reseller, and bitcoin miner hosting outfits all attached to some vaporware bitcoin miner hardware supplier backed by a myriad of pseudonyms, each vetting one another. Oh, wait! Let me try this: At least Bitcoin doesn't have...

~TMIBTCITW

[jongameson]

Please have a read from Post #483/Page 25 onwards of the link below.

https://bitcointalk.org/index.php?topic=438150.msg4896459#msg4896459

My posts were trying to discover the purpose of alt coins.

When I saw the comment below I was quite shocked.

"Quoted by yatsey87 - Newbs and people who want to make a quick profit care. They don't give a shit about cryptocurrency or what it can achieve or represent, they just want to get rich quick. "

I have always believed that BTC was trying to make a better world.

If people involved in BTC have the same perception as our friend's comment above, there is not much future for BTC.

there is actually more of a profit now, cause of scarcity

[LostDutchman]

Even Litecoin is a scam

I would remind you many people to this day think Bitcoin is a scam.

At some point though that probably doesn't matter. I think Bitcoin has reached that point, and so has Litecoin.

At least Bitcoin doesn't have dozens of security, reseller, and bitcoin miner hosting outfits all attached to some vaporware bitcoin miner hardware supplier backed by a myriad of pseudonyms, each vetting each other. Oh, wait! Let me try this: At least Bitcoin doesn't have...

~TMIBTCITW

Great post, there PG!

I LOVE IT!

My $.02.

[bitcerto]

Altcoins have their use. It is a great way to test out new features. PPC is showing some promising new features that have set it apart in my mind. They also help support BTC, like how other precious metals support gold.

I'm pro altcoins. I think BTC is the only one that's reached the point to be taken seriously as a currency. As it gains more and more acceptance, I believe we'll see LTC follow suit. Once you have two commonly accepted cryptocurrencies, the entire industry will be secure and altcoins will start becoming increasingly attractive.

There are many Fiat currencies. Why harp on more than one crypto?

[Phinnaeus Gage]

Oh the horror of it all.

Actually, when it comes to data mining, some folks are seduced by the glamour of it all.