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by itamarst 3172 days ago
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.

3 comments

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.
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.
I am under the impression that altcoins themselves actually aren't that popular at the moment. The days of KanyeWestCoin are probably gone.

What is more popular is ERC20 crowdsale tokens, which are even less useful.

And now the "forkcoins" - Bitcoin Cash, Bitcoin 2x. We will see what is next.