Topic: Beginner: Is investing in Altcoins a good choice at the moment? (Read 1835 times)
It's hard to invest in alt coins now since the prices are constantly going down though they have not reached rock bottom for now. Wait for the bitcoin price to stabilize then we can assume whether alts will follow the trend of bitcoin or will increase in demand.
August 09, 2017, 12:26:53 PM
i would suggest you to buy altcoin which is still near from ico price, and dont forget to check how large the community behind it, and how the dev commitment,
August 05, 2017, 08:57:14 PM
Why would people invest in altcoins now, if Bitcoin will almost surely rise even more and give guaranteed profit?
I think would be better wait until the BTC top is reached
agree. you can invest in some other alts if you wanna try your luck, but at this moment the best choice is just hold BTC I think would be better wait until the BTC top is reached
August 05, 2017, 08:38:14 PM
Why would people invest in altcoins now, if Bitcoin will almost surely rise even more and give guaranteed profit?
I think would be better wait until the BTC top is reached
I think would be better wait until the BTC top is reached
August 05, 2017, 08:14:38 PM
yes. when everything has gone up 5 to 10 times and everyone is convinced all they have to do is throw money in and wait, that's when you know it's about to peak and the people who engineered the rise pull the rug.
I would say you were spot on ... nice speculation
I started investing in Alts with a small sum not long ago.
Now i'm kinda sure that it is profitable
Now i'm kinda sure that it is profitable
The Tulip mania was profitable, too – until the bubble popped. Be careful. The trick is not to make profit in a rising market, the trick is to get out before the tide turns and realize these profits.
I started investing in Alts with a small sum not long ago.
Now i'm kinda sure that it is profitable
Now i'm kinda sure that it is profitable
Buy established altcoins which have future potential and you'll be fine. There may be a crash coming, but you only lose money if you sell during the crash, if the point of selling is below the point you bought it. You may be a holder who can do nothing for a few weeks until we're up again, but it will recover. And with established projects I mean stuff like Monero and not some random coin from Poloniex which has been made for the sole purpose of pump & dump. Those will crash the hardest and might never recover.
yes. when everything has gone up 5 to 10 times and everyone is convinced all they have to do is throw money in and wait, that's when you know it's about to peak and the people who engineered the rise pull the rug.
I think it's a great time to sell. I would not be buying but this market has gone so weird who knows where it's headed?
if it feels too easy then a fall can't be far away.
if it feels too easy then a fall can't be far away.
“European Central Bank”， are you serious?
I think it's a great time to sell. I would not be buying but this market has gone so weird who knows where it's headed?
if it feels too easy then a fall can't be far away.
if it feels too easy then a fall can't be far away.
I think you have decent coins.
But I would consider NLG as well. Huge potential and big community and active dev's.
Price is very low at this point and with a new project coming up within the next 2 months it might be worth a shot!
Good luck.
But I would consider NLG as well. Huge potential and big community and active dev's.
Price is very low at this point and with a new project coming up within the next 2 months it might be worth a shot!
Good luck.
thank you everyone. I just transfered 0.5 BTC to Poloniex and ordered:
8000 STR
3000 XRP
3000 XEM
3000 NXT
10 FCT
On Kraken I have
500 XRP
5 ETH
2 XMR
& 1000 EUR
Bought in with 2150 EUR...do you think there is something to optimize, or do you see any wrong decision?
Thanks for your advice. Of course I read about the different coins' technology, announcements, comments etc. - so I will stay informed. But it's hard to say for me, as a newcomer if it is a good point to invest now for 1+ year. Also the main problem is that I don't know if it matters (depending taxes) if I trade within altcoins or if it only matters when I transfer fiat <> bit/altcoins. If it's no problem trading within cryptocurrencies witchout breaking the '1 year' rule, then I would of course trade between the coins over the year. Otherwise I would hold the coins and do nothing.
8000 STR
3000 XRP
3000 XEM
3000 NXT
10 FCT
On Kraken I have
500 XRP
5 ETH
2 XMR
& 1000 EUR
Bought in with 2150 EUR...do you think there is something to optimize, or do you see any wrong decision?
I'm not going to descend into the details of each coin but I really advise to read about them which I mentioned but you haven't consider yet.
Thanks for your advice. Of course I read about the different coins' technology, announcements, comments etc. - so I will stay informed. But it's hard to say for me, as a newcomer if it is a good point to invest now for 1+ year. Also the main problem is that I don't know if it matters (depending taxes) if I trade within altcoins or if it only matters when I transfer fiat <> bit/altcoins. If it's no problem trading within cryptocurrencies witchout breaking the '1 year' rule, then I would of course trade between the coins over the year. Otherwise I would hold the coins and do nothing.
My choice: BTC, ETH, GNT, XRP. STRAT.
I also have GAME but it's not for the long term, I put half of them in the MobileGo ICO soon, quarter of it I change for GNT/XRP/BTC and quarter of it I'm holding to see how the GameCredits Store is going to elaborate.
It's just half of my funds are in the GAME and I find it not very wise diversification for my portfolio.
If I had more money I'd definitely consider to hold XMR also but unfortunately that's not the possibility at the moment.
I'm not going to descend into the details of each coin but I really advise to read about them which I mentioned but you haven't consider yet.
I also have GAME but it's not for the long term, I put half of them in the MobileGo ICO soon, quarter of it I change for GNT/XRP/BTC and quarter of it I'm holding to see how the GameCredits Store is going to elaborate.
It's just half of my funds are in the GAME and I find it not very wise diversification for my portfolio.
If I had more money I'd definitely consider to hold XMR also but unfortunately that's not the possibility at the moment.
I'm not going to descend into the details of each coin but I really advise to read about them which I mentioned but you haven't consider yet.
Hello Bit and Altcoiners,
I'm pretty new in the Cryptocurrency world and created my first Kraken Account 2 Weeks ago, funded it with 300 EUR and have now BTC/ETH/XRP/XMR worth over 500 EUR.
I'm very excited now because I'm really fascinated about the different coins, about their developers and their ideas. I feel that this world is what I really want to invest my time and money in, I see a lot of potential.
Now I have 2500EUR but I'm not sure if there is just a big altcoin bubble happening at the moment, and I'm really afraid buying in at a high and lose my money. Of course I can pay my bills, but I really would like to get money out of it in some time.
My plan is to invest now (or maybe later? -> bubbling?) and cash out to EUR in 1 year (at the earliest) to avoid taxes (living in austria, after 1 year its taxfree).
So far I like BTC / ETH / LTC / XRP / XEM / XMR / PIVX.
Also what I don't know is: When I withdraw 2500 EUR to BTC/ALTCOINS and cash-out to EUR after at least 1+ year - do I need to pay taxes when I trade between different altcoins in that time or is it still taxfree?
What coins would you invest, how would you spread your money in the portfolio? ...better wait to invest because of the -maybe- "bubble" ?
I really appreciate every tip and help.
THANKS,
BBel
yes it is good if you know how to trade with this coin but if not,try to explore it first read some articles and research first, there's a big amount of money in trading, others put their whole investment here, you have to put risk in trading because we cannot know or we cannot predict what coin will be stay and be lose, we should take a risk in trading. I'm pretty new in the Cryptocurrency world and created my first Kraken Account 2 Weeks ago, funded it with 300 EUR and have now BTC/ETH/XRP/XMR worth over 500 EUR.
I'm very excited now because I'm really fascinated about the different coins, about their developers and their ideas. I feel that this world is what I really want to invest my time and money in, I see a lot of potential.
Now I have 2500EUR but I'm not sure if there is just a big altcoin bubble happening at the moment, and I'm really afraid buying in at a high and lose my money. Of course I can pay my bills, but I really would like to get money out of it in some time.
My plan is to invest now (or maybe later? -> bubbling?) and cash out to EUR in 1 year (at the earliest) to avoid taxes (living in austria, after 1 year its taxfree).
So far I like BTC / ETH / LTC / XRP / XEM / XMR / PIVX.
Also what I don't know is: When I withdraw 2500 EUR to BTC/ALTCOINS and cash-out to EUR after at least 1+ year - do I need to pay taxes when I trade between different altcoins in that time or is it still taxfree?
What coins would you invest, how would you spread your money in the portfolio? ...better wait to invest because of the -maybe- "bubble" ?
I really appreciate every tip and help.
THANKS,
BBel
Do not sell your altcoins now. It seems like here little bubble going on but no one know if it will go puff and even after it prices might be higher than today. I would advice you to buy coins every month with stable FIAT amount (maybe more if price go down a lot).
You think alt coins are in a bubble and not bitcoin which has gone from 1000 to 1600 in a matter of months? lol
invest with altcoin that have solid community and active dev,,
and you will good portofolio for your investment
and you will good portofolio for your investment
You like the right coins, and I think it's a good time to invest in alt coins. I would if I had 2.5k extra. But at the end of the day it's your decision.
Also Coinmarket cap have Archive, you can check old history to see what coins was there 1,2,3 years ago
http://coinmarketcap.com/historical/
http://coinmarketcap.com/historical/
Jump to: