1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

What is the next big Cryptocurrency?

Discussion in 'CryptoCurrency' started by theweg, Dec 5, 2013.

  1. theweg

    theweg Regular Member

    Joined:
    Jun 6, 2012
    Messages:
    210
    Likes Received:
    121
    Occupation:
    Trader/Wholesaler
    I'm really looking into Cryptocurrency lately and I would like to know if anyone can give me some insights about what will be the next big hit?I know I could google it but it would be nice to have a conversation instead!

    I would really appreciate it if someone can give me some information.
     
  2. KraftyKyle

    KraftyKyle Jr. Executive VIP Jr. VIP Premium Member

    Joined:
    Aug 13, 2008
    Messages:
    1,941
    Likes Received:
    4,609
    Gender:
    Male
    Location:
    Unknown
    Besides for bitcoins? I would say nothing. There were a couple of people promoting their new cryptocurrency here and there are a lot more popping up hoping to be as much of a success as bitcoins are, but they never will be. Then again, I didn't jump on the bitcoins bandwagon as I thought it would crumble within a year and look where it is now (I still think it's going to crumble).
     
    • Thanks Thanks x 1
  3. kickapooh

    kickapooh Regular Member

    Joined:
    Apr 16, 2010
    Messages:
    431
    Likes Received:
    844
    There are some people that invested in Bitcoins when they were less than $10 and are very wealthy now. No one knows what the next one to go big will be. I wish I did because I'd sink 20 grand into it tomorrow and be a very very rich man in a few years. I hear people saying Bitcoins will crash and some saying they will be worth $10,000 each in a year. Litecoins are gaining popularity and are worth watching but as with anything like this, if you can't afford to lose the money you want to invest it's probably not a good idea to take the risk.
     
  4. sidddd

    sidddd Power Member

    Joined:
    May 15, 2008
    Messages:
    749
    Likes Received:
    460
    There have been 5 crashes, if I am correct. All of them were corrected later on! It's impossible to even think BTC will crumble due to the volume of users and merchants involved. Satoshi, in his research paper, clearly said that the value will increase with the increase in users.

    To the OP, I believe Litecoin and Quarks (even though it's called scamcoin) are the next big currencies after Bitcoin. I have invested in BTC, LTC, NMC and now Quark.
     
    • Thanks Thanks x 1
  5. twistedtrick

    twistedtrick Power Member

    Joined:
    Aug 21, 2009
    Messages:
    654
    Likes Received:
    376
    Location:
    United States
    Pumps in the altcoins are absolutely killing it - they are similar to penny stocks but without so much competition (funny enough crypto-currencies by their age-indiscriminate nature attract lots of kids who don't know the first thing about a bid/ask spread).

    Long term I wouldn't count on much...Litecoin has been seeing a nice rise and many are speculating it will hit $50 soon (they have been saying that for a while).

    ZET is under a long-term pump by a decently organized crew, and QRK is going to get some massive news on December 19 in a Max Keiser video that should see an uptick in prices but the coin is already heavily pumped so I for one will not be putting a single mBTC into it.
     
  6. hip_hop_x

    hip_hop_x Jr. VIP Jr. VIP Premium Member

    Joined:
    Aug 27, 2009
    Messages:
    299
    Likes Received:
    61
    Occupation:
    Developer
    Home Page:
    Well i'm glad some people are interested in cryptocurrency. I made a small fortune with alternative coins. What comes in handy is to analyze the market trend and usually buy when it's at a low point, wait more than a month then cash out. My biggest profits in a month was about 5 x investment with netcoin. I also tested IFC, DVC but got about 5-10% profit.

    Some more advice, never cash out everything unless you want to quit, don't panic if the market will crash (always got back, look at bitcoin trends in the past and current) and don't invest more than you afford to lose.

    If bitcoin increased about 73 times this year, I'll be more than happy if my alternative coins investments will make even 20% profit per year.
     
  7. niel96

    niel96 Regular Member Premium Member

    Joined:
    Apr 4, 2014
    Messages:
    275
    Likes Received:
    20
    Occupation:
    Manager
    Location:
    Belgium
    Home Page:
    Maybe a cryptocurrency backed up by gold can become something
     
  8. JamesAtlas

    JamesAtlas Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 16, 2009
    Messages:
    611
    Likes Received:
    118
    Location:
    USA
    LOL, some guy a few years back tried to start his own currency(I think backed by silver) and the US took him to jail.

    There was also E-gold which ended up being a massive scam back in the mid-2000s.