Post
Topic
Board Pools (Altcoins)
Re: [ANN][Pool][Profit-Switch][Optional Auto-Exchange per Coin][Vardiff] ~ Hashcows
by
matsonj
on 07/01/2014, 20:28:57 UTC
Since the values of the altcoins are much lower than we are used to, are you guys cashing out to BTC or just hoarding until a more opportunistic time to dump?

I personally am hoarding but I wanted to see what others are doing.

I think there will always be a steady stream of new coins, but when the dust settles BTC and LTC will be the only ones left standing with good value.

I don't believe that all of the newest coins are necessarily bad. For instance, Tagcoin seems to be developed by someone who has an interest in making it widely available utilizing QR codes and phones. The problem, it seems to me, is that most coins don't have a way to use them. As I mentioned above, Tagcoin seems to have good intentions but what the heck would I spend the coins on?!

NXTCoin is interesting to me as well as it's purely PoS but there's nothing driving the trading therefore, no one will profit. Everyone is just sitting on the coins, waiting for their account to collect value but since there is no demand, the coins deflate in value and everyone will be hurting.

Really, LTC is a BTC clone but it utilizes scrypt instead of sha256. I believe that it will continue to go up in value for a while but I don't think it will hold on forever considering the number of scrypt coins out there that have much better features.