Has anyone made a comfortable living only investing in crypto trends?

[bitsmichel]

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

Are there any famous examples of altcoin creators getting really rich?

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[botany]

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

Are there any famous examples of altcoin creators getting really rich?

I would presume those behind darkcoin would have become really rich?

[FreedomCoin]

From the sounds of it you need large amounts of capital to buy large amounts of coin really make a living at trading, at the same time risk loosing large amounts. i would assume the same is true if you wanted to invest in some miner shares. As investing one BTC may only get you a return of .1 every month. But invest 10btc you can get almost 1 BTC a month. As many said getting in the crypto world early is key, which technically we still are in the beginning. Many other coins could take the place of BTC when their market cap rises.

If CMI's can exsist in the capital market of course its possible to survive on it partially.

What is CMI?

[martinnew]

I don't, but I think there are some there who done/doing this and not all might be known.
Hoping I could be one of them someday.

[merockstar]

You have to consider volume also.

Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.

[FreedomCoin]

I don't, but I think there are some there who done/doing this and not all might be known.
Hoping I could be one of them someday.

Right now we are dealing with a sideways market, even the altcoins have had very selective rises and falls. When there is more volatility im sure more can make good money day trading.

Now is a good time to mine or invest in miner companies, but not trading soo much.

You have to consider volume also.

Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.

very true, i see this alot with altcoins. You can put a bid on a coin, but it does not always completely fill. Can take some time in alot of cases.. same for asks when selling.

[Mobius]

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

IMO with the exception of NMC and LTC all alts are "scamcoins" as they really do not anything of value to their users. I say NMC is not a scam because it provides the domains and LTC because it was the first scrypt based alt, however I would doubt that either be successful over the long term. 

[botany]

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

IMO with the exception of NMC and LTC all alts are "scamcoins" as they really do not anything of value to their users. I say NMC is not a scam because it provides the domains and LTC because it was the first scrypt based alt, however I would doubt that either be successful over the long term. 

If you are a speculator/gambler, you can still make a lot of money from these 'scamcoins'.

[Fray]

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

IMO with the exception of NMC and LTC all alts are "scamcoins" as they really do not anything of value to their users. I say NMC is not a scam because it provides the domains and LTC because it was the first scrypt based alt, however I would doubt that either be successful over the long term. 

If you are a speculator/gambler, you can still make a lot of money from these 'scamcoins'.

The fact that you like to speculate and/or gamble with your money does not increase your chances of making money off of trading altcoins. It only means that you are willing to take on more risks when attempting to make money. This means that you have a greater chance of investing in this altcoins (aka scamcoins) but is also means you have a greater chance of loosing your money doing this.

[martinnew]

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

IMO with the exception of NMC and LTC all alts are "scamcoins" as they really do not anything of value to their users. I say NMC is not a scam because it provides the domains and LTC because it was the first scrypt based alt, however I would doubt that either be successful over the long term. 

I hope Dogecoin is included in that exception. :p
Dogecoins are now failing in value and so, getting more of it now is easier. Just hope that the value will rise again to make it worth keeping now and selling someday.

[zedicus]

Alt coin developers probably make quite a lot compare to a regular job.

Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.

I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.

There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.

IMO with the exception of NMC and LTC all alts are "scamcoins" as they really do not anything of value to their users. I say NMC is not a scam because it provides the domains and LTC because it was the first scrypt based alt, however I would doubt that either be successful over the long term. 

I hope Dogecoin is included in that exception. :p
Dogecoins are now failing in value and so, getting more of it now is easier. Just hope that the value will rise again to make it worth keeping now and selling someday.

Unless you see something that dogecoin can offer as value that bitcoin does not then it will not be. Granted the doge community does seem to be for some reason very active, this alone is not something that can potentially give it value. I think the reason why LTC is an exception to the rule is because it was the first of it's kind just like bitcoin is.

[DurbanPoison]

Best bet is to stick to BTC as your main crypto and then invest in some promising next gen altcoins like maidsafe, crypti, node - something that still has a chance of really taking off.

[dothebeats]

There are a few people who could possibly live only on crypto trends. There are some coin devs, some pump and dump fanatics (yeah, those whales who crush your dreams of making a nice profit), those alt coin scammers, and of course, the one and only Satoshi Nakamoto (though we never know who he really is, it must be obvious that he also profits from what he has started).

[DhaniBoy]

I think that makes our lives comfortable not only by investing in crypto currency like bitcoin, Maybe this time bitcoin could make our lives comfortable, but can not always like that, comforts of life are not only judged on how many bitcoin that we get, but how much of our gratitude for what God has given to us, hopefully this statement can inspire a lot of people ... 

[jjacob]

There are a few people who could possibly live only on crypto trends. There are some coin devs, some pump and dump fanatics (yeah, those whales who crush your dreams of making a nice profit), those alt coin scammers, and of course, the one and only Satoshi Nakamoto (though we never know who he really is, it must be obvious that he also profits from what he has started).

I don't think Satoshi's coins have moved, have they?
Although some time in the future, they may help him live comfortably.

[arbitrage001]

Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.

[jjacob]

Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.

You never know whether they overpaid or not. A couple of years down the line, they could be sitting on huge profits.

[arbitrage001]

Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.

You never know whether they overpaid or not. A couple of years down the line, they could be sitting on huge profits.

No one know what the future hold. One thing for certain is people over paid by wide margin based on today price.

[Soccruo]

I would have made a confortable living if I didn't have sold all my RDD coins when they were valued less than dust.

[Hasher99]

Of course many people have made a comfortable living only investing to altcoins if that what you are suggesting with the topic title.Alts mean a good business if you made a correct decision where to put your money and time onto