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Ask HN: Where do you find out about alt-coins that are about to release?

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Re: Ask HN: Where do you find out about alt-coins that are about to release?

#11

Post by jfoster »

itamarst wrote: post #2

I guess we're at peak sucker. Just don't. You're liable to lose all your money. If you really like gambling, go to a casino: the odds are stacked against you, but at least it's government regulated.

Really? I prefer not to gamble, but given a choice between (a) & (b), I would choose (b) every time.

a. Odds against you, govt regulated.

b. Uncertain odds (dependent on choices made, changing over time, etc.), unregulated.

Under (a), you're guaranteed to lose eventually. Under (b), you could potentially become good at reading sentiment around the newest types of coins. It's certainly still gambling, though.

Re: Ask HN: Where do you find out about alt-coins that are about to release?

#13

Post by flashman »

itamarst wrote: post #2

I guess we're at peak sucker. Just don't. You're liable to lose all your money. If you really like gambling, go to a casino: the odds are stacked against you, but at least it's government regulated.

Compared to casinos, altcoin gambling is higher risk but also higher reward. If you'd put $50 into each new coin released since 2011, you'd have a lot of worthless coins... but your Ethereum would be worth nearly $12k. Litecoin and OMG alone would add another $1k.

Re: Ask HN: Where do you find out about alt-coins that are about to release?

#15

Post by baccredited »

I've participated in 5 ICOs. I don't recommend buying unless a) the company looks great (like filecoin or similar) and b) you get in at a substantial discount.

What I'm seeing now is even good companies that trade below ICO prices after they hit some of the exchanges. Example is https://www.saltlending.com/

Actually that is probably a better strategy: buying good companies that are down since their ICO.

Re: Ask HN: Where do you find out about alt-coins that are about to release?

#17

Post by SamReidHughes »

jfoster wrote: post #11
itamarst wrote: post #2

I guess we're at peak sucker. Just don't. You're liable to lose all your money. If you really like gambling, go to a casino: the odds are stacked against you, but at least it's government regulated.

Really? I prefer not to gamble, but given a choice between (a) & (b), I would choose (b) every time. a. Odds against you, govt regulated. b. Uncertain odds (dependent on choices made, changing over time, etc.), unregulated. Under (a), you're guaranteed to lose eventually. Under (b), you could potentially become good at reading sentiment around the newest types of coins. It's certainly still gambling, though.

You don't have to keep your wealth in fiat currency -- sensible people invest it.

Re: Ask HN: Where do you find out about alt-coins that are about to release?

#18

Post by coinmercenary »

itamarst wrote: post #7
coinmercenary wrote: post #6

We're still a few days away from launching, but if you follow @coinmercenary on Instagram (or twitter!), we will be posting a single ICO review each day. The idea is to be your trusted source for ICO reviews. Using a 6 point scoring system, with one review each day, we'll cut through the noise with you.

A mercenary is someone who commits violence for pay. I guess you'll be committing violence against your readers?

Not quite.

http://www.dictionary.com/browse/mercenary https://www.merriam-webster.com/dictionary/mercenary

"one that serves merely for wages; especially :a soldier hired into foreign service"

:)

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