Post
Topic
Board Altcoin Discussion
Re: What will be the best Altcoin?
by
Wilhelm
on 12/12/2013, 22:31:39 UTC
The poll is biassed in my opinion or the thread has been poorly researched.
The best altcoin is the one that gives most value either by pump and dump or by stability.

There are many coins that can make it. No one knows. There are many coins that give good value if pumped and dumped.

If you look at the coin market cap for most adopted coin (http://coinmarketcap.com/) then Feathercoin is #10 whereas Worldcoin, Quarkcoin and Megacoin are higher yet not mentioned in this thread.


Pump and dump coins are not valuable in any real sense, they're just bubbles ready to burst, I don't know why you'd say that provides value. The winners in pump and dump are completely at the expense of the losers, no wealth has been created, the world is not a better place, and it doesn't even serve as a good medium of exchange...

EDIT: I guess the initial question is "what should we invest in" which is different from the topic of "what is the best altcoin" and I guess pump and dump could be a valid investment vehicle, albeit a very risky one, you never know if you're the *greatest* fool or not.

Yes the topic is "What is the best altcoin" that can be interpreted in many ways.
For me the best altcoin is the one I can earn money with.
Bubbles allow money to be made we all do it, also what is a bubble? Bitcoin is bubbling all the time is it wrong to invest in Bitcoin.

The topic title "what should we invest in" would better fit the purpose of the topic. I believe you want to know in which coin you would put your money for an extended period of time.

My definition of "Pump and dump" is mining a coin and trading it for LTC,BTC or whatever. This is risky but can yield good returns and sometimes you become an early adopter of newer coins. Worldcoin and Megacoin have been good for me and I hope my Emerald mining will be profitable too.

Fontas style "Pump and Dump" is market manipulation and is ofcourse a bad thing and extremely risky since you can't trust the guy organizing these pump&dumps.

And yes I'm a fool Cheesy