Post
Topic
Board Altcoin Discussion
Re: Don't be fooled by minor premines
by
Et Filii
on 17/01/2014, 21:08:58 UTC
I was never really a big miner, just a part time GPU guy as I just do not have the rigs. I just trade mostly but I remember a time when Quark was 0.00000030 satoshi. I could have bought it as could anyone else. I wish I would have bought then but I didn't because I felt the name was silly, and in the end I had my foot in my mouth. However I still have not been able to catch the fever. On the other hand, NET (Netcoin) was cheaper once too but as it was listed on the XPM and LTC markets on Cryptsy for a while before they went on the BTC market, many people did not notice until it had already started trading heavily and joined the BTC market. Luckily as a trader I was able capitalize on NET while it was still low in its infancy, however rather than day trade it all away, I held a nice purse to the side because I believe it has long term growth. NET will see $1 soon. I am not even sure if it will take till the next reward halves, as vendors are starting to pile on board already. The future? Looking forward to it.

As for saying NET was premined, a 3 block test provides only slightly more than 3000 NET back at that reward level. Personally I received 5x's more than that in giveaways from the NET site. You can actually see them discussing it on the NET site. Promos come out of pocket, Netcoin's community is top notch.


People should read the ANNs and learn about any coin they would consider holding/trading, this automatically narrows the field to just a few promising alts. In the end though, it is your money but you should educate yourself and go with your gut.

http://forum.netcoinfoundation.org/