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How many of you guys are investing in alt coins?

Discussion in 'CryptoCurrency' started by YourGuruForLife, Apr 13, 2017.

  1. YourGuruForLife

    YourGuruForLife BANNED BANNED

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    With the recent rise in pricing from all of the alt coins. How many of you guys are investing in alt coins?

    Even litecoin has its price almost tripled, given that litecoin was considered death with a relatively stable price over the last few years.

    I have around $120 dollars to invest, and I think I can double or triple my money if I invest in alt coins and just hold on to them for like 2-3 months.

    What do you guys think? Is that a wise investment?
     
  2. virtualbyron

    virtualbyron Jr. VIP Jr. VIP

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    It's total gambling, better trust your skills and use this money to make more money, then when you can afford to lose $$$ invest in what you want but even at this point personally I think to buying gold is safer and profitable than BTC
     
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  3. chugcore

    chugcore Registered Member

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    I invested in Databits recently, you should check it out it seems quite promising. Basically it's a VR game which seems cool and all, but as always investing in cryptocurrencies is pretty much a gamble.
     
  4. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    I bought some DOGE and forgot about it years ago. Last time I checked I'm still losing money.
     
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  5. YourGuruForLife

    YourGuruForLife BANNED BANNED

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    No way jose, I would never invest in a currency that was made as a meme.

    @bartosimpsonio in a more serious note, do you think etherum or dash would be a better investment? I have this addiction that i keep checking coinmarketcap daily and just feel like I'm missing out.
     
  6. YourGuruForLife

    YourGuruForLife BANNED BANNED

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    Nah, am not retarded like you . I was asking a question about investing into crypto currencies, not a game. Read the thread carefully next time. Thank you!
     
  7. NagacomesforU

    NagacomesforU Regular Member

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    You're certainly going to get alot of help with that attitude.
     
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  8. YourGuruForLife

    YourGuruForLife BANNED BANNED

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    Sorry... I think that was a little bit out of hand. I guess I should say that I do not want to gamble my money on those casino like games that take cryptocurrency. @chugcore suggested for me to invest into cryptocurrency gambling , which I do not want to do. I hope I made myself clear.
     
  9. tb303

    tb303 Senior Member

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    Nice attitude. DOGE is perfect for you.
     
  10. chugcore

    chugcore Registered Member

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    No lol I wasn't suggesting playing casino games with cryptocurrencies. I was saying all investments into cryptocurrencies are a gamble.
     
  11. Jayder

    Jayder Jr. VIP Jr. VIP Premium Member

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    Don't feed the troll.

    Let the mods do their job, I think 24hrs before he got banned.
     
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  12. Rosca

    Rosca Junior Member

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    I invested a few dollars in Eth....

    *scrolls up*

    Woah man.
     
  13. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    I use altcoins to hedge my BTC, but by definition it's a high-risk speculation, not an investment. There is little science behind altcoins, and there are hundreds of them so it's going to be hard to make serious money except by sheer luck. I do treat them as opportunities for exchange trading: they work pretty well for that since they're so volatile. I would never hold any coins long term except for BTC.
     
  14. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    I don't know. If I were to begin trading ETH now I'd be going for very short stints. Swing trading at most, buying and selling over a few days max. Bitcoin has made fortunes for those who held to it from the beginning but back then nobody knew. The risks are still high.
     
  15. small_town_boy

    small_town_boy Power Member

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    I think alts is a wise investment as long as they aren't total scam coins. It is a good idea to diversify in the world of cryptos. Right now I think PIVX and NEM are alts with untapped potential that one could consider. Research more and see if you like them.
     
  16. TheKingGeek

    TheKingGeek Jr. VIP Jr. VIP Premium Member

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    Why do you visit CryptoCurrency section if you dont believe in it?, doesnt make any sense. As long as you invest in cryptocurrency that have value it isnt a gamble. Same thing can be say about stocks and physical companies.

    Invest in meme get meme money =)

    ;
    Yes, Ethereum is a solid coin back by big names; Microsoft, Santander Bank, to mention a few. As long as you are willing to hold and buy to increase your stack as $120 wont get you enough. But something is better than nothing. Look into NEM it has potential to get to over $1 in 2 years or less.
     
  17. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    DOGE trades almost $ 1 million daily on average. Not bad for a Japanese dog on a rocket meme.
     
  18. darK_knight3141

    darK_knight3141 Newbie

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    Before for altcoins. 99% are used for pump and dump and have no technical value. Litecoin and Namecoin are alts that are better.
     
  19. squall1066

    squall1066 Newbie

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    I have my own altcoin, it is small and little known, it is not a pump and dump coin, it is not ipo/ico, so I have no ones money, I dont expect it will make me rich, but I have lost so much money on alt coins trying to judge when to get in/out, I just dont bother anymore.
     
  20. SkuduMK

    SkuduMK Newbie

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    cant find it