Thanks for replies.
At the moment, I've been primarily looking at Litecoin and Doge. It appears that these may actually have a future, but it is ofc so hard to tell.
So the plan is basically to give both a run initially (I will probably do 1 week on/1 week off with both) to see how they go. If I can then trade prudently to BTC, I'll be happy to keep the BTC against possible future prices.
I'll initially trade what I get until I've reached my goal of 1 BTC, and then I'll try to build a small stock of the three currencies (i.e. BTC, LTC, DOG). Hopefully in several months or a year the pricing will rise to the point where I'll cover my $500 or even make a little profit.
Fingers crossed
At the moment, I've been primarily looking at Litecoin and Doge. It appears that these may actually have a future, but it is ofc so hard to tell.
So the plan is basically to give both a run initially (I will probably do 1 week on/1 week off with both) to see how they go. If I can then trade prudently to BTC, I'll be happy to keep the BTC against possible future prices.
I'll initially trade what I get until I've reached my goal of 1 BTC, and then I'll try to build a small stock of the three currencies (i.e. BTC, LTC, DOG). Hopefully in several months or a year the pricing will rise to the point where I'll cover my $500 or even make a little profit.
Fingers crossed
Hi I am new to this forum but have been actively following crytocurrencies for the past couple of years. I have noticed that although Dogecoin is very small compared to bitcoin it is the most traded crypocurrency. At the difficult it is at it seems pretty profitable and with Reddit behind it has the potential to become huge.