singalong5 (OP)
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February 11, 2014, 10:04:59 PM |
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Anyone ? I dont want mining and just bought some NEM. Anything else worth it ?
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zeeshanblc
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February 11, 2014, 11:19:14 PM |
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Altcoin is worth it if you know what you are doing.
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apsvinet
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February 12, 2014, 12:58:50 AM |
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Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful? |
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1Neptune
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February 12, 2014, 09:24:57 AM |
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Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful? Alt coins are worth it depending on what you want to do with them. Store of value? Probably not worthwhile. Use to trade into ltc or btc? Probably worthwhile. Most people I know use altcoins to trade into btc, and some into ltc as they use that as a payment means for others that want very quick settlement instead of btc's which takes an hour or more for 6 confirmations. If you were mining I'd say to use one of the pools that mines in various coins and automatically trades them into btc, then pays out to your specified btc address a few times per day or once per day. Since you're not mining, you need to answer the question for yourself as to what your goals are for having alt coins: holding as investment hoping they'll rise in value vs. other coins or holding them only long enough for you to trade profitably into another coin such as btc or ltc or even nmc. If you're holding them in hopes of them rising in value compared to other coins, you're eventually going to have to trade into other coins to lock in your (hopefully) profit. |
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rohnearner
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February 12, 2014, 09:28:31 AM |
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trying my luck with dogecoins..! don't know if its gonna work, but let try some luck..!
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SirLolicon
Sr. Member
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Activity: 322
Merit: 250
Sound Engineer for Hire
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February 12, 2014, 09:57:24 AM |
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It depends on how attentive you are to the market of the alt coin.
Right now DogeCoin seems to be in a rise
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Kiki112
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February 12, 2014, 10:03:05 AM |
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if it's dogecoin yes
if it's any other coin probably not
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sakkosekk
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February 12, 2014, 10:03:56 AM |
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Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful? Alt coins are worth it depending on what you want to do with them. Store of value? Probably not worthwhile. Use to trade into ltc or btc? Probably worthwhile. Most people I know use altcoins to trade into btc, and some into ltc as they use that as a payment means for others that want very quick settlement instead of btc's which takes an hour or more for 6 confirmations. If you were mining I'd say to use one of the pools that mines in various coins and automatically trades them into btc, then pays out to your specified btc address a few times per day or once per day. Since you're not mining, you need to answer the question for yourself as to what your goals are for having alt coins: holding as investment hoping they'll rise in value vs. other coins or holding them only long enough for you to trade profitably into another coin such as btc or ltc or even nmc. If you're holding them in hopes of them rising in value compared to other coins, you're eventually going to have to trade into other coins to lock in your (hopefully) profit. No offence, but FU for promoting multipools  |
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leannemckim46
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February 12, 2014, 11:31:44 AM |
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Anyone ? I dont want mining and just bought some NEM. Anything else worth it ?
Maybe, just be careful as most alt coins are pump and dump. |
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banhcanh
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February 12, 2014, 11:55:56 AM |
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trying luck with dogecoins. don't know if its gonna work, but let try some luck
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hilariousandco
Global Moderator
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Merit: 2616
Join the world-leading crypto sportsbook NOW!
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February 12, 2014, 12:55:56 PM |
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Anyone ? I dont want mining and just bought some NEM. Anything else worth it ?
Maybe, just be careful as most alt coins are pump and dump. Well if you get in early on these pumps and dumps you can make quite a bit, but not if you don't know what you're doing. |
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tintumon
Sr. Member
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Activity: 364
Merit: 250
dinkimole nokkalle...
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February 12, 2014, 01:08:57 PM |
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doge looks risky at current price. What do I know...  |
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Sonny
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February 12, 2014, 01:16:20 PM |
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You may gain or lose some in those pump and dump...just don't expect them to be valuable in long-term...
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GameofDeception
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February 12, 2014, 02:20:13 PM |
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Many altcoins are very worthy, you need to know what you are doing first. Pandacoin is launching Feb 14, PANDA was built to be resilient to Market Manipulations, see more in the thread: https://bitcointalk.org/index.php?topic=460037.0 |
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moriartypants
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February 12, 2014, 02:39:17 PM |
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Much danger in altcoins. Don't get in too deep until you've felt out the marketplace and the whole ecosystem.
You also will probably need to pay A LOT OF ATTENTION not only to the communities of the coins you invest in, but to rivals and new projects if you want to make any serious money. There's a few coins that try to be 'long term stores of value' but most are pump and dumps, so you have to stay on top of events.
If that still sounds fun to you welcome to your new 2nd job.
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Mobo
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February 12, 2014, 03:27:57 PM |
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Depends of the altcoin really
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GameofDeception
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February 12, 2014, 03:31:38 PM |
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1Neptune
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February 12, 2014, 10:00:32 PM |
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Altcoin is worth it if you know what you are doing.
Is there any chance that perhaps you could be more vague and non-helpful? Alt coins are worth it depending on what you want to do with them. Store of value? Probably not worthwhile. Use to trade into ltc or btc? Probably worthwhile. Most people I know use altcoins to trade into btc, and some into ltc as they use that as a payment means for others that want very quick settlement instead of btc's which takes an hour or more for 6 confirmations. If you were mining I'd say to use one of the pools that mines in various coins and automatically trades them into btc, then pays out to your specified btc address a few times per day or once per day. Since you're not mining, you need to answer the question for yourself as to what your goals are for having alt coins: holding as investment hoping they'll rise in value vs. other coins or holding them only long enough for you to trade profitably into another coin such as btc or ltc or even nmc. If you're holding them in hopes of them rising in value compared to other coins, you're eventually going to have to trade into other coins to lock in your (hopefully) profit. No offence, but FU for promoting multipools No offence (sic) taken. Interesting that you say "no offense" then proceed to use an offensive term. |
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GheorgheCuza
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February 15, 2014, 03:51:31 AM |
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NXT is the future.
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