Bitcoins

JohnRo

Satoshi wrote: »

I want to release exactly the same thing as bitcoin but only 20million so its more rare

That made me laugh (in a good way), well done.

hildosaver

Is Megacoin owned by Kim Dotcom?

Nope

hildosaver

For those who are not sure about alt-currencies, I suggest you start to take them seriously. My investment has increased in value 1200% since last week.

manhattan

hildosaver wrote: »

Is Megacoin owned by Kim Dotcom?

Nope

I just wondered seeing as the website is a .co.nz

gardner1

hildosaver wrote: »

For those who are not sure about alt-currencies, I suggest you start to take them seriously. My investment has increased in value 1200% since last week.

1200% in a week......hmm what normally happens when investments rise so fast....hmm they come crashing down even faster...be warned

John1993_2

hildosaver wrote: »

For those who are not sure about alt-currencies, I suggest you start to take them seriously. My investment has increased in value 1200% since last week.

The fact that you believe that this is a reason to take them seriously speaks volumes.

"Investments" with that sort of volatility are rarely a good product for investors to look at.

It's also generally worth not paying much attention to posters who boast of huge profits after the fact, without having stated plainly upfront what they bought, at the time that it was bought.

As someone employed to come up with all sorts of weird and wonderful financial products, I'd never, ever take seriously a recommendation that basically said "looking back, over a time period I select, in this one investment, we can clearly see that it's great".

hildosaver

'It's also generally worth not paying much attention to posters who boast of huge profits after the fact, without having stated plainly upfront what they bought, at the time that it was bought.'

I paid around £85 for 0.3 bitcoin just over a week ago, I traded 0.1 bitcoin for a reasonable amount of MEC - was valued at $0.07 at that time (last week) - MEC hit $1 last night.

Now, I am not saying people should start throwing money into alt-currencies, I AM saying however that now the Chinese market in particular are pumping money into the Alt-currencies at a significant rate which has seen most alt-currencies experience a huge spike in value.

Is this a bubble? Possibly. There is no doubt that there is massive volatility at the moment however there is a definite upward trend at the moment which if you are a small time investor like myself who only invests in small amounts which I am comfortable losing if all goes bad - there are significant gains to be made at the moment.

Satoshi

Litcoin down a long way

http://www.youtube.com/watch?v=SWi6H01Nans

how to know which cryptocurrency to go for if you missed bitcoin?

BoracicLint

http://coinmarketcap.com/

Here's a good site that tracks all the market caps on alt coins. Some very big gains to be made. Could one of the alternates overtake Bitcoin?

Peercoin looks promising to me, same as the Bitcoin protocol but uses much less energy to mine due to proof of stake, block speeds 10x faster and with 1% annual inflation.

As the difficulty increases in Bitcoin blocks, mining will become less profitable as the increases in computing power needed will be unsustainable. I think this will see a large number of miners disappearing as the rewards won't incentivise them. Peercoin is sustainable as it doesn't rely solely on proof of work, so is much less energy intensive.

BaileyB

So where is the best place to buy some of these in the UK? Looks awfully difficult to buy some of them.