Infinite coins, are they a good investment?
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I know I shouldn’t put this question on this forum, but I just wanted your honest feedback on this coin. I can buy these coins on eBay for so cheap and get millions!
Do you guys think in the long run this is a good coin to invest in? I mean its DIRT cheap! even going up to $1 you’ll be pretty well off!
Let me know
thanks
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On Ebay you normally pay more and it has a reason they are dirt cheap.
But if you expect the money you invest to loose and see it as a lottery ticket, why not.
Would lower the expectations of 1$/coin though.Just why they are dirtcheap:
524,288 (2^19) coins per block
Total about 90,600 millions coins (90.6 billion coins) -
If something seems to good to be true, it usually is :P
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[quote name=“Skull88” post=“34876” timestamp=“1384814787”]
Just why they are dirtcheap:
524,288 (2^19) coins per block
Total about 90,600 millions coins (90.6 billion coins)
[/quote]So it’s called infinicoin but there are a finite amount of coins? Or is it because they never stop being mined or something?
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[quote name=“chrisj” post=“34884” timestamp=“1384817050”]
[quote author=Skull88 link=topic=4503.msg34876#msg34876 date=1384814787]
Just why they are dirtcheap:
524,288 (2^19) coins per block
Total about 90,600 millions coins (90.6 billion coins)
[/quote]So it’s called infinicoin but there are a finite amount of coins? Or is it because they never stop being mined or something?
[/quote]There are a finite amount of coins. The will stop being mined eventually, just like BTC.
They’re novel because they’re an experiment with blockchains, namely how far can we push the limits of the numbers before experiencing something weird. The answer: Numbers don’t really matter, and blockchains can handle large numbers the same as small ones. All that matters is data-type size, and that didn’t change.
They’re dirt cheap because they’re designed to be incredibly inflationary. At 500k+ coins per block, the number of coins in circulation is, by some’s standards, staggering. Of course this is all subjective… Bitcoin could have gone the same route and if it had, we wouldn’t be paying $700 dollars for 1 Bitcoin today, but Satoshi understood the value in small numbers when it came to people’s currency and their perception of it, so he purposefully made all Bitcoin readouts / 10,000,000 and added the decimal place, even though the internal representation is an integer.
If you’re interested in blockchain experiments, this is an interesting coin. If you’re looking for a long term value store, this is about as poor a vehicle as it gets, second only to TradeCoin.
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African Savannah, weeds worth it ? ;D
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[quote name=“lizhi” post=“34917” timestamp=“1384844315”]
African Savannah, weeds worth it ? ;D
[/quote]LAWLZ.
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[quote name=“FeatherWeight” post=“34874” timestamp=“1384814348”]
I know I shouldn’t put this question on this forum, but I just wanted your honest feedback on this coin. I can buy these coins on eBay for so cheap and get millions!Do you guys think in the long run this is a good coin to invest in? I mean its DIRT cheap! even going up to $1 you’ll be pretty well off!
Let me know
thanks
[/quote]Are Infintecoins ever going to be worth anything? Probably not. Is it a worthwhile investment? Probably not, but depends on your definition of a ‘worthwhile investment’. Infinitecoins are essentially worthless at the moment and probably always will be, but who knows what’s going to happen to cryptocurrencies in the future. Like you said, you can buy a million on ebay for quite cheap, so they only need to be worth a penny/cent to make $/£10k, but given the sheer amount of these that are dished out even that seems far-fetched at the moment. I’d say it’s worth it if you can afford to chuck a few $ at it, but don’t expect to become a cryptomillionaire any time soon.
One way you might be able to make a bit on them is reselling them back on ebay at a later date. I figured I’d take the punt and bought 3 million for £7.50 at the beginning of the month and the same seller is now flogging them for double that, so there’s potential to make some money there as cryptos catch on and more people are looking to invest.
Hope that helps somewhat.
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If you bought some Infinitecoins you might want to consider trying to sell them on ebay. The prices they are currently going for are nuts. 1 million are going for £247.
The Infinitecoin wallet is a piece of shit, though haha. My coins are still floating around in cyberspace.
