Quote:
Originally Posted by Kelekin
One of the biggest problems I've noticed is that, due to the delay of all the new higher speed machines that are coming out, people have been trying to buy up some of the cheaper ones...but I get the feeling most people don't pay attention to ROI%. Some guy paid $3000 for a 60 GH/s on ebay, which is ridiculously overpriced compared to everywhere else on the internet and is likely to never make their money back. I think long term it is better to buy a couple bitcoins but put some of it into other unique coins - logically speaking, it is easier for a coin at $1 to go to $2 than for one to go from $600 to $1200 and many investors are starting to look at the alternatives.
I think the truth of the matter is that bitcoin is popular because of what it represents but it is the beginning. It isn't what people are going to be talking about in ten years. Not only is there more promise cryptocurrencies more suitable to international businesses, but there are tons that are learning that you can do more with it. A really neat one coming out soon is called CureCoin - effectively incentivizing the folding@home program which does protein folding using your CPU in hopes of curing diseases, which is a brilliant ploy to get more computational power trying to cure disease.
I could probably write a ridiculously long post about all the alternative cryptocurrencies in the work but ain't nobody got time for that.  |
Realistically, if you drop $600 into Litecoin at say $5 per, if it only goes up to $9, you've got over $1000. Not bad.