Crypto future?

[unusualfacts30]

First there was BitCoin. People mined and profited from it but as time passed by it became difficult to mine BitCoin.

Next,  came other coins like LTC, PPC etc. They were profitable in the beginning but became less profitable overtime just like BitCoin.

Now, there are "shitcoins" their job is to get mined and then get dumped and that's the only way you can make profit in crypto these days.

Issue arises because only few people are mining "good coins" because they're not as profitable as they used to be.

Do you think POS would be new thing in crypto and as time passes by it will replace POW and only coins that are POS will survive and rest of them will be gone?

[Daanie]

It's not true. You can make profit in many ways in crypto world. Sell high buy low, you'll just need to have no emotions and a lot of patience when it comes to crypto though.

[unusualfacts30]

It's not true. You can make profit in many ways in crypto world. Sell high buy low, you'll just need to have no emotions and a lot of patience when it comes to crypto though.

Which brings more profit?

Buy low sell high

OR

Pay 1-2 BTC to create a coin
Premine 80%
Launch
Let it hit exchange
Dump

?

One is "luck" while other is guaranteed profit. People choose second option over first one. If you're small time trader/miner you're relying on mercy of those who're playing the game when you can take control of the situation and create your own altcoin. lol. All it takes is $500 and you get return of $5000 within a week or LESS!



lol..that's like 99.9% of coins are created by someone who has no business in crypto world.

[Hachoir]

To create a coin only costs 40 NXT now,  that is to say 0.56 usd using Nxt's monetary system, and you don't even have to code for that. So it's even easier to make profit with that process.