Post
Topic
Board Altcoin Discussion
Re: POLL - which coins are scams as defined in the OP?
by
fdylstyx
on 11/03/2016, 04:16:33 UTC
The poll, imho, is nothing more than a pageant of a selct few. If BTC is up thereas a scam then all of them are scams. Listed or not.

Look, features aside, all of this is nothing more than a new and growing market, to either exploit or be exploited by in the name of profit. Whether through skill, luck, or the lack of both the only determination of ROI is timing, perception and patience.

Greed is neither good or bad. It's simply a motivating factor to be used by those who are astute enough to know when to rein in their own greed. Or to profit off of the greed of others.

As to the choices presented in the poll, to a noob, it would appear that all of them might be more risk than the effort of DYOD is worth.

Let us not kid ourselves, the vast majority of those who hold, develop, discuss ANYTHING in this cryptosphere do so because they believe there will be a decent ROI in it for their time, money and effort. So too will the vast majority of those who become involved in the foreseeable future.

This poll is far and away too exclusive. Again, in my honest opinion, a poll on all crypto currencies/platforms already exists. It's called the free/open markets.

Pumpers will dump. And whales will feed mightily and often. However even whales get slaughtered when they miss their mark and end up beached on the shores of this new ocean of greed.

Utility and the ability for anyone to easily access those utilities offered/required is paramount to the ultimate success of any crypto endeavor. Build that and deliver...the world will beat a path to your portal.


In the spirit of disclosure, I was able to learn to attain BTC only because I live in a town with a Robo ATM. I'm not open to having to disclose my banking information. Nor am I open to the local bitcoin community where I live. I learned to trade on the exchanges. Winning and losing is part of the tuition I must pay in order to learn what I have and I'm certainly not one who has the aptitude to learn the tech involved.

I'm certain there are many, many more individuals who are still sitting on the sidelines suffering various degrees of FOMO. For them, the risk to reward ratio is simply beyond their ken. They see but they just don't understand. And to say that this is their problem, to me, is the basic problem that is a real problem that DOES require a solution.

fdyl