Post
Topic
Board Altcoin Discussion
Re: Funny how bitcoin controls everything
by
KlondikeBear
on 23/07/2015, 17:33:30 UTC
Is it not boring to have Bitcoin only?
When you are talking with other members of community, when you see their efforts, for instance, one Mooncoin believer is in a real process of making MOON a currency of his native town in Italy, another member is starting a new pool.. some have been hacked, there is one dumper with several billions who permanently is trying to dump a price... and investors who buy and so defend price... well, I cannot explain it. You must feel it. It may be a great hobby and everybody can participate and be a kind of "whales".
Btw do you know that we have convinced a person, on whose code Dogecoin was based, to join Moon development?
Mooncoin users are discussing security issues, decentralization, and a lot of questions on a daily basis via PMs and e-mails and in our thread https://bitcointalk.org/index.php?topic=389403.9620
I don't know another coin with so decentralized scheme of development.
If I just held Bitcoin, I never would know a lot of things regarding cryptocurrency, I would be just a person late for Bitcoin train.
Bitcoin? Well, I was buying it earlier, with leverage sometimes, but have lost money. Still I have a lot of BTC frozen on MtGOX. If they return them, I'll buy a lot of Mooncoins instead of holding BTC.

I think if BTC rises, people will be glad and will feel themselves rich and they will diversify their investments and will buy altcoins.
Altcoin market capitalizations may rise even faster, a price is a balance between supply and... you know.

I was thinking of that, too, but if I hold Mooncoins why should I exchange them to LTC or BTC first, if I can buy directly for Mooncoins, to send Mooncoins from my wallet or from Cryptsy balance?

Holding 2.5 BTC instead of 1 Billion Mooncoins is boring, but it is just my feeling, don't listen to me... altcoins can be risky indeed.

But why would I use Mooncoins when I have to make this machinery around to spend them, when I can use Bitcoins straight into the Amazon website?

Ye well if you use them and you "feel good" by having billions of coins, good for you Cheesy

My discussion was in case of investment: you don't want to put 10000$ into altcoinX just to have billions of them, and find one day that Bitcoin skyrocketed and your altcoinX value is now 0.000000000004 BTC each.

But yes, I may be completely wrong in my prediction... still, if you can't find any logic fallacy, that's the best there's around at the moment, and if you can find more variables to add to the equation, I'll be glad to implement them Smiley