Altcoin really worth it?

[mrwalker1750]

I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.

However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"

What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?

[pandher]

Only coin worth investing right now is Coin2, started ordinary but gained a lot of following in China

Went from 47 sats to 1000 sats in 4 days

[sharted]

I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.

However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"

What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?

Too many altcoins and not enough buyers. Only real winners with all these new "coins" are the devs with their $50,000 worth of premine each time. Stick with litecoin imo and hold them. Or if you're in the UK where electricity is too expensive to make mining feasible, just buy litecoin/bitcoin and hold.

[Zimtente]

I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.

However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"

What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?

i do like waves and think it is worth putting some money into it. and my personal "thinking frame" is generally... just have a look at coins which are not total bullshit.
like ETH, DASH, MONERO maybe RIPPLE and of course BITCOIN. just think about how huge this market will be in like 10 years from now? we are just at the beginning.

and as i like to say: the real crypto "rush" is still lying ahead

cheers and good luck

[bearex]

I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.

However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"

What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?

What you are saying is correct, but you are missing something major. Most of the coins will FAIL, so you will never become a milionare with them. The thing is, there are a lot of coins, just check out all pages on https://coinmarketcap.com/. Sure some coins on page 3 are worth pennies and could possibly (very very unlikely) explode in value and come to page 1 with a giant market cap. But these coins will most likely let you down, they will fail. Their volume will drop and they will die off.

The lower Market Cap coin you find, the lower the potential it is of it rising, BUT if it would rise, the multiplier is much higher.

[Lontongmie]

Of course altcoins are worth investing in. Think about Bitcoin in the early days. It was worthless, and people viewed it as a novelty. Now look at it! The early adopters of the coin are filthy rich. Altcoins are a risk as is any financial investment, but they can help support Bitcoins in the crypto industry much like silver supports gold in the precious metals industry.

[dissident]

There are altcoins with good tech but a lot of garbage.  I still like XEM here as a currency and a few others for their services such as potential decentralized exchange.   Bottom line is Bitcoin is old tech with high fees and slow transaction rates.  There are some good replacements out there but most ... 95% are clones of BTC.

[karmaho]

There are definitely some Altcoins that have a lot of potential and good tech in them, not to mention their potential to grow is extremely high since you can get in early and make significant capital gains.

[barnes13]

From 2016-2017 many new coin in Ethereum platform, some are have potential but many of them just garbage, do a lot of research if want to buy altcoin that can give you profit, maybe old coin is more safe to long term investment like Litecoin or XMR.

[mobnepal]

From 2016-2017 many new coin in Ethereum platform, some are have potential but many of them just garbage, do a lot of research if want to buy altcoin that can give you profit, maybe old coin is more safe to long term investment like Litecoin or XMR.

Yes recently every new project are launching their own token on ETH smart contract but i doubt even 10% of them will get any success. We have to careful and shouldn't invest in something that doesn't have any real life application in future.

[Zimtente]

From 2016-2017 many new coin in Ethereum platform, some are have potential but many of them just garbage, do a lot of research if want to buy altcoin that can give you profit, maybe old coin is more safe to long term investment like Litecoin or XMR.

Yes recently every new project are launching their own token on ETH smart contract but i doubt even 10% of them will get any success. We have to careful and shouldn't invest in something that doesn't have any real life application in future.

true - guess thats because its currently "hyped". just think about the "a new ETH token just launched" headline and pple are going crazy ;P

[JapieAmerika]

I agree that there has to be a real world value now. I think that at the moment the coins with the most potential are ones that can convert ordinary businesses (banks) into using crypto-currency, like Ripple, Stratis and Stellar.

[sportis]

I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.

However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"

What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?

What you are saying is correct, but you are missing something major. Most of the coins will FAIL, so you will never become a milionare with them. The thing is, there are a lot of coins, just check out all pages on https://coinmarketcap.com/. Sure some coins on page 3 are worth pennies and could possibly (very very unlikely) explode in value and come to page 1 with a giant market cap. But these coins will most likely let you down, they will fail. Their volume will drop and they will die off.

The lower Market Cap coin you find, the lower the potential it is of it rising, BUT if it would rise, the multiplier is much higher.

There is no reason answering to OP because last time he was active it was 06 August 2014. Check his profile. It's simply a necroposting process. If you check you will see that this coin has already died because, IIRC, is not in coinmarket.cap

[thepo1m]

Most people will be pitching the tokens they have stake in to you. the bearishish market seems on the way, so don't buy into any project that has less than 500BTC daily trading volume, most people will only tell you when they are making money but not when losing money

[Ayers]

Most people will be pitching the tokens they have stake in to you. the bearishish market seems on the way, so don't buy into any project that has less than 500BTC daily trading volume, most people will only tell you when they are making money but not when losing money

but you can't only buy the huge established coin, because you will lose possible profit in other small market of some unknown coins that will grow and have the same huge volume of the other coin, one day, some of these coins that have 500 BTC volume were in the beginning very small liek the other coins thta now you are snobbing

[olubams]

Most people will be pitching the tokens they have stake in to you. the bearishish market seems on the way, so don't buy into any project that has less than 500BTC daily trading volume, most people will only tell you when they are making money but not when losing money

but you can't only buy the huge established coin, because you will lose possible profit in other small market of some unknown coins that will grow and have the same huge volume of the other coin, one day, some of these coins that have 500 BTC volume were in the beginning very small liek the other coins thta now you are snobbing

Your argument is very correct as most of these established coins, the probability of making profit is very low and if there will be any profit, it will be marginal because most have fully grwon and the number of new entrants are not enough to force the big profit compared to the potential coins which have the opportunity to grow but one needs to be careful and be resilient because during the trying times of such coins, one might be forced to sell out thereby losing reasonable amount of investment.

[Zimtente]

Most people will be pitching the tokens they have stake in to you. the bearishish market seems on the way, so don't buy into any project that has less than 500BTC daily trading volume, most people will only tell you when they are making money but not when losing money

but you can't only buy the huge established coin, because you will lose possible profit in other small market of some unknown coins that will grow and have the same huge volume of the other coin, one day, some of these coins that have 500 BTC volume were in the beginning very small liek the other coins thta now you are snobbing

true. high risk, high reward 0/

[Zadicar]

I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.

However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"

What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?

The question is if the coin would hit $0.01? Its not possible specially when theres someone holding lots of it and theres no buyer of that coin.Theres no circulation and adoption which means value would really be less and incase it do gain some value that person could easily manipulate the price but 650 millions supply is really exagerated for me and i do consider it as an another shitcoin just like on the market.

[karmaho]

I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.

However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"

What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?

The question is if the coin would hit $0.01? Its not possible specially when theres someone holding lots of it and theres no buyer of that coin.Theres no circulation and adoption which means value would really be less and incase it do gain some value that person could easily manipulate the price but 650 millions supply is really exagerated for me and i do consider it as an another shitcoin just like on the market.

I think a lot of these altcoins are susceptible to this kind of market manipulation. A whale can easily bait greedy traders into a pump and dump if they control a lot of the supply.

[zigoter]

Spagni explains that Monero or other altcoins can be safe in the future, but he also points out that anyone interested in using Monero should be aware of the risks associated with using it as a store of value.

"Sure, the attackers who are against Pow's network can not magically steal their money, but they can disruptively attack them when they have to spend the money,"