Are you investing in other Crytocurrency?

iv4n

legendary

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Quote from: Johnny00 on April 12, 2016, 11:15:50 PM

I've heard a lot about bitcoin in the past and just recently bought some and I do faucets for fun too. My question is anyone investing in other crypto currency like lite coin. If so, why and is it worth it

I invest in other alt's but not in the long term. I like to follow some coin with low price and when is moment to buy wait for rise and sell when I think its my time. I know long term have some advantages but I like this way and its how I learn to trade.
Is it worth it? Yes.
Example: Two days ago I bought BERN on 145 sat. today I sold it on 760 sat. Bern was on 999 high today and 15 minutes ago when I check it was around 400 sat. I earn nice amount from that now I will think is it smart to try again with BERN or to move to some other coin. There is few interesting coins you can play with, its bit risky I know but its fun.
I wish you good luck with alt coins.

john2231

hero member

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I was investing some of my bitcoin into cryptocurrency called CBX because i saw the price of cbx before and until now its gradually increase slow but i think end of this month the price will gradually increase more..

Johnny00

hero member

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Merit: 553

there are over 300 currencies, how do you know which one to use. what about clams?

useless eater

member

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Merit: 10

Quote from: ingiltere on April 13, 2016, 09:50:38 PM

Quote from: Johnny00 on April 12, 2016, 11:15:50 PM

I've heard a lot about bitcoin in the past and just recently bought some and I do faucets for fun too. My question is anyone investing in other crypto currency like lite coin. If so, why and is it worth it

Litecoin is old technology, it's not offering something new any more. If you want to invest another cryptocoin you should check out Bitcoin 2.0 projects such as WAVES. They are promising a lot of things, decentralized crowdfunding, asset to asset sharing etc. really technological improvements.

Yeah, nobody is even CLOSE to doing anything as technologically futuristic as what Waves is promising:

DECENTRALIZED CROWDFUNDING! - You can actually design your own crypto equity (THIS CHANGES EVERYTHING!)
ASSET TO ASSET SHARING!! - again game changing period.

https://bitcointalksearch.org/topic/waves-2-minute-pump-video-1435482
(more waves reading material)

The hottest coins in the world are those that have not launched (IOTA,Lisk, and now Waves). All three of which are now trading!

ingiltere

legendary

Activity: 2982

Merit: 1485

Quote from: Johnny00 on April 12, 2016, 11:15:50 PM

I've heard a lot about bitcoin in the past and just recently bought some and I do faucets for fun too. My question is anyone investing in other crypto currency like lite coin. If so, why and is it worth it

Litecoin is old technology, it's not offering something new any more. If you want to invest another cryptocoin you should check out Bitcoin 2.0 projects such as WAVES. They are promising a lot of things, decentralized crowdfunding, asset to asset sharing etc. really technological improvements.

connexus

hero member

Activity: 774

Merit: 503

Investing in cryptocurrency can be a life changing opportunity. It can make you wealthy overtime or will make you broke. Invest your money wisely!

sotisoti

hero member

Activity: 762

Merit: 500

Of course, like the old saying "Don't put all your eggs in one basket"

Snail2

legendary

Activity: 1512

Merit: 1000

I'm not "investing" in alts. I'm gambling with those

. Many people here doesn't seem to realize that 90% of the alts have no real value apart from some immaginary value established by the miners, traders and fanclubs. The remaining 10% have some value, because of traditions, inventions/usefulness and very rarely because of real word exposure. If you "investing" money in something can be considered as "game chips" in hopes of making a profit that's exactly like playing in a casino. "Invest" accordingly Wink

.

Superways

hero member

Activity: 826

Merit: 502

yeah, in Ethereum, the price for it is going to decrease but I do not hate it, I like it to go a little more down so that I can buy 1 ETH with about $1, and after that I will wish that the price increase to much height.

Carlsen

hero member

Activity: 910

Merit: 501

Besides my litecoins I'm thinking about investing a little into ethereum.
First I thought it would be a bubble. Now I think it's a big bubble that could last a longer time.

emberbekas

legendary

Activity: 1904

Merit: 1000

Of course I investing at other Cryptocurrency. I own some litecoin, dash coin and Ethereum coin nowadays. I have some clam aswell. Just wait for my coins prices to go up a bit from when I bought it, then I will start selling it and hunt another altcoins that looks cheap to buy some of it in the hope they will increase and I can trade it again and again.

The Sceptical Chymist

legendary

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Cashback 15%

Well you're posting in the altcoin section here, so of course people own alts. At present I own none but I have owned dash doge and eth, and that's about it. I haven't ruled out owning them in the future, but right now I need to be in fiat.

Johnny00

hero member

Activity: 896

Merit: 553

Quote from: BitcoinHodler on April 13, 2016, 06:47:55 AM

ofcourse i do invest in other crypto currencies there are a lot of them that are super profitable, and a lot more profitable than bitcoin from time to time.
for example if you look at the bitcoin price you'll see that it has been so stable lately but there are altcoins that has gone up and then down 100%, 200% multiple times.

That seems risky. I'm still getting over the fact that bitcoins have value. I was always against it and now seeing as more are accepting it as payment and looking at the benefits. Too bad no where to invest it though without being scammed.

arseaboy

hero member

Activity: 644

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Quote from: Johnny00 on April 13, 2016, 03:32:12 AM

Thanks everyone. There are so many crypto I'll stick with bitcoin.

that's much better, might be a good idea for now bitcoin price was stable and fluctuating up so it is a good idea for you to stick on it while you are still not familiar with other crypto/alt good luck to you again.

orendel

member

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Merit: 10

Quote from: Johnny00 on April 13, 2016, 03:32:12 AM

Thanks everyone. There are so many crypto I'll stick with bitcoin.

I think that you should stick to bitcoin with the majority of your fund.

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

ofcourse i do invest in other crypto currencies there are a lot of them that are super profitable, and a lot more profitable than bitcoin from time to time.
for example if you look at the bitcoin price you'll see that it has been so stable lately but there are altcoins that has gone up and then down 100%, 200% multiple times.

onlinedragon

hero member

Activity: 1036

Merit: 501

Since I joined this forum I started reading about other Cryptocurrency. How more I read about it and found some exchanges on this forum and I bought some small amounts of other Crypto. Just for fun and try to learn about how it really working out with buying and selling. Nowadays I still try to learn about the different Crypto so I can hopefully do mine favor with it.

gtglener

hero member

Activity: 575

Merit: 500

I am currently only on Bitcoin and have some money at there. But I am now thinking to invest some of my extra money/fiat to Ethereum . It is true that it is going down and will continue to go down, but I have a hope that one day it will go rise up.

KhalDrago

sr. member

Activity: 350

Merit: 250

Invested in Waves.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Johnny00 on April 13, 2016, 03:32:12 AM

Thanks everyone. There are so many crypto I'll stick with bitcoin.

If you want to make some profit , try ZEIT ,
It is a Proof of Stake coin, meaning you can make more from your own wallet.
Currently ~15% per year , paid out ~30 days or so.
Drops to ~5% next year. (decreasing supply so price will increase.)

You can sell your interest and keep your principle.

Or if Trading is your main goal.

Put in buy orders at 1 sat or a little over and then once you purchased some, place your sell orders at 2 sat , and ~ double your investment when it sales.
Main Exchanges are Cryptopia & Yobit, & SouthXchange, & alcurEX
BTC, LTC, & Doge trading pairs

http://coinmarketcap.com/currencies/zeitcoin/#charts

Cool

FYI:
Unlike PoW coins like BTC, if the price stayed exactly the same as when you purchased it
you made no profit.

However with PoS coins like ZEIT , you can stake it so you have more ZEIT than originally purchased and sell for a profit even if the price stayed exactly the same, because you earned Free ZEIT from staking interest.

Quote

Proof of Stake is the only way to make money in the long run , buying Sterile BTC or Tokens that can not make more of themselves is Pure Speculation.

Example: It is like a farmer buying a herd of cattle that are sterile. He only makes money if the market is higher when he has to sell, if the market is down when he has to sell , he just wasted his Time & Money, where if he buys a herd of cattle that can produce Offspring, he is able to keep his original amount of cattle and sell off any excess , therefore giving him a
Lifetime of Revenue verses a One-time Completely Speculative Time Sensitive Investment

Topic: Are you investing in other Crytocurrency? (Read 1367 times)