I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.
However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"
What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?
Too many altcoins and not enough buyers. Only real winners with all these new "coins" are the devs with their $50,000 worth of premine each time. Stick with litecoin imo and hold them. Or if you're in the UK where electricity is too expensive to make mining feasible, just buy litecoin/bitcoin and hold.