Quote from: mtwelve on January 31, 2017, 05:29:21 PM

Quote from: cellard on January 31, 2017, 04:33:00 PM

Quote from: mtwelve on January 30, 2017, 07:48:41 PM

Quote from: Shiroslullaby on January 30, 2017, 05:20:41 PM

The days of becoming an instant millionaire are pretty much over.
The people that are making lots of money on crypto right now are the ones that already have it.
Whales are manipulating the price of coins and raking in the profits as the little fish try to make a few dollars.

Instant millionaire has/never been a thing... unless you win the lottery. Even with Bitcoin and it's like 9000% return from the beginning of inception to 2013, it still took 4 years. Just a little perspective to be aware of in response to your pessimistic view.

Nobody is saying instant millionaire, what im talking about is getting in early, then waiting a reasonable amount (4 years is reasonable if what you get in return is retirement type of money)

The problem is, I dont see a single altcoin worth holding for 4 years. In fact, I have serious doubts in most altcoins still being here in 4 years.

Etherum? Monero? Those two have significant market cap and fundamentals. Personally I think Decred, Potcoin, and ICONOMI as well. But XMR and ETH are some very safe picks. Litecoin is probably the second oldest crypto and it's still around so there's definitely some staying power for it. What are your critiques for picking an altcoin?

etheruem lost quite a big portion of its marketcap without nothing, that's the problem of the altcoin, they can die even with a high marketcap, more easily than bitcoin

because they have no real usage, aside from speculation

Quote from: mtwelve on February 03, 2017, 04:36:45 AM

Quote from: noormcs5 on February 02, 2017, 03:50:22 PM

Quote from: Shiroslullaby on January 30, 2017, 05:20:41 PM

The days of becoming an instant millionaire are pretty much over.
The people that are making lots of money on crypto right now are the ones that already have it.
Whales are manipulating the price of coins and raking in the profits as the little fish try to make a few dollars.

I think Crypto still has lot of potential for new investors also. You can invest in a brand new Coin though ICO and if that coins make good than ofcourse you can earn a lot of profit by trading in exchanges. Even buying Bitcoin today in big quantity can result in double the profit in a year or two.

Even faster if you can buy low, sell high. This sounds like common sense, but so many people fail lol. Even this can be accelerated with margin trading, I know BItmex offers leverage upto 100x!

well you are saying it like, everytime you buy low it will get higher, when it can also be that it get lower

the only thing that qork is buying at the start when the coin is still new, because at that point it can only increase, seeing how the speculation will just start from there