How in the FUCK are you supposed to know what's legit?

[0nlyBTC]

Personally I am only really interested in bitcoin 2.0 platforms like Ethereum, Counterparty, NEM, NXT, etc. But back in the old 'n days I was into WDC VTC LTC and PPC. Anything forked from BTC and LTC nowadays are pretty much crap.

[btckold24]

xpy seems to have a serious following with all the gaw miner people so I am taking a chance with it.  Hopefully it doesnt end up like the zenhashlets and absolutely useless

[unusualfacts30]

xpy seems to have a serious following with all the gaw miner people so I am taking a chance with it.  Hopefully it doesnt end up like the zenhashlets and absolutely useless

SJCX will rise. It has lot of potential and offering cloud storage. Lets see

[oneoff]

And then the namedropping of random coins have started. So let me also drop a name, but first let me share my thought:)

After 1.5 year of playing around with Cryptos I have got the experience that 100.000 factors have to be considered to know whether a coin is legit or not. But still I wouldn't say it is just some guesswork to be a happy investor/miner/holder/staker. Probably a fortuneteller would have the same chance as me to become successful.

My five cent would be:
- Make sure the coin has solid ground values and some ideas about its future.
- A dedicated developer team that is eager to make things that are useful and not just copy/paste other coins that have had the luck to become successful. Few coins have survived with only a single developer.
- A community that supports the coin and do not hesitate to help each other. A community that seems to be full of egoists will probably not have any future.
- If you find a good coin, spread the word to others. It's hard to become successful alone.

In my case, I put a lot of interest right now in SterlingCoin. (https://bitcointalk.org/index.php?topic=721936.0)

[MichaelBliss]

Try to deduce what the intention behind the alt coin is.   Is it for the devs to get rich?  That kind of thing.

They're mostly all worthless unless you want to make money off pump&dumps.   Which makes the job easier, yet harder to find the needle in the haystack I guess.

Why even bother? Just stick to Bitcoin.

[coinits]

Try to deduce what the intention behind the alt coin is.   Is it for the devs to get rich?  That kind of thing.

They're mostly all worthless unless you want to make money off pump&dumps.   Which makes the job easier, yet harder to find the needle in the haystack I guess.

Why even bother? Just stick to Bitcoin.

Well bitcoin is good but no anonymity. That is why some BTC whales went to Monero.

[traderman]

Mining for a Cure: Gridcoin, Proof-of-Research & Finance Options Analysis!

http://www.coinssource.com/mining-cure-gridcoin-proof-research-finance-options-analysis/

[Aur3]

Due diligence my friend...find a public team that has a track record of doing big things.

[Bobsurplus]

There's only one coin I know of that's legit and its the almighty BTC

[slushee]

... how are you supposed to know what coin is the most prudent investment? ...

Because they bought them.

[jertsy]

Try to deduce what the intention behind the alt coin is.   Is it for the devs to get rich?  That kind of thing.

They're mostly all worthless unless you want to make money off pump&dumps.   Which makes the job easier, yet harder to find the needle in the haystack I guess.

Why even bother? Just stick to Bitcoin.

This time last year there were less than 50 coins on coinmarketcap, which made picking a winner pump&dump possible. Nowadays there are too many coins and it makes picking a winner pump&dump extremely difficult.

[oneoff]

Haven't you thought of the gold rush?

I would say we are in the middle of 21st century gold rush. It will probably be as the last time, a very few will be lucky and the rest survivals will not even earn bread and butter.

[username18333]

If one should wish to abolish the state, money, and private property, one should look into this.

[RJX]

Haven't you thought of the gold rush?

I would say we are in the middle of 21st century gold rush. It will probably be as the last time, a very few will be lucky and the rest survivals will not even earn bread and butter.

Well, a virtual goldrush. But there are more than one similarities between this and the wild west: there's quite some people digging for digital gold, people trying to steal that digital gold, you can gamble with what you find and when your equipment wear out there's plenty of shops to get new gear. Hell there's even hookers that'll accept your digital gold.

So when looking for legitimacy consider your own observation: the streets don't change, only their names.

[jertsy]

Haven't you thought of the gold rush?

I would say we are in the middle of 21st century gold rush. It will probably be as the last time, a very few will be lucky and the rest survivals will not even earn bread and butter.

Well, a virtual goldrush. But there are more than one similarities between this and the wild west: there's quite some people digging for digital gold, people trying to steal that digital gold, you can gamble with what you find and when your equipment wear out there's plenty of shops to get new gear. Hell there's even hookers that'll accept your digital gold.

So when looking for legitimacy consider your own observation: the streets don't change, only their names.

I don't think they had blow in the wild west though. Hookers yes, blow no.

[RJX]

I don't think they had blow in the wild west though. Hookers yes, blow no.

lol I forgot the opdiumden yes.

[username18333]

Haven't you thought of the gold rush?

I would say we are in the middle of 21st century gold rush. It will probably be as the last time, a very few will be lucky and the rest survivals will not even earn bread and butter.

Well, a virtual goldrush. But there are more than one similarities between this and the wild west: there's quite some people digging for digital gold, people trying to steal that digital gold, you can gamble with what you find and when your equipment wear out there's plenty of shops to get new gear. Hell there's even hookers that'll accept your digital gold.

So when looking for legitimacy consider your own observation: the streets don't change, only their names.

I don't think they had blow in the wild west though. Hookers yes, blow no.

Both have and had, respectively, states, money, and private property underlying their depravity.

[SBOSS]

Is the stock market a virtual gold rush?  

No one way you can make money off this stuff unless you have the best trading bots or you acquired equity at the very beginning at low cost..  even then it is no path to easy riches, your equity is not guaranteed to be worth a thing and many tech companies do not have an IPO until 5-10 years down the road.

[coinits]

Haven't you thought of the gold rush?

I would say we are in the middle of 21st century gold rush. It will probably be as the last time, a very few will be lucky and the rest survivals will not even earn bread and butter.

Well, a virtual goldrush. But there are more than one similarities between this and the wild west: there's quite some people digging for digital gold, people trying to steal that digital gold, you can gamble with what you find and when your equipment wear out there's plenty of shops to get new gear. Hell there's even hookers that'll accept your digital gold.

So when looking for legitimacy consider your own observation: the streets don't change, only their names.

I don't think they had blow in the wild west though. Hookers yes, blow no.

The hookers provided the blow!

[oneoff]

Is the stock market a virtual gold rush?  

Well, I would say that the stock market was wild west in the 60s and 80s, when everybody thought they could make a fortune on stocks. Instead of Miners, they were called Yuppies