Diversification into alt coins. - page 4.

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: fonzie on January 29, 2014, 05:21:39 PM

50% doge 50% ripple 0% Bitcoin Cool

Interesting choices. I think XRP has the least potential as it is not typically viewed as a store of value the same way other crypto-coins are.

That said:

98% BTC
1.5% PPC
0.25% QRK
0.25% DOGE

I don't think BTC is going anywhere. The network effect is too big, and the U.S. is not going to ban it. They're going to regulate it. This is pretty clear if you just consider all of the hearings, rulings, guidance, and statements that have been issued in the past two years.

999Fine

newbie

Activity: 6

Merit: 0

Approx:

85% BTC
5% LTC
10% PPC

Hyena

legendary

Activity: 2114

Merit: 1015

Quote from: Dalmar on January 29, 2014, 05:35:12 PM

Quote from: chessnut on January 29, 2014, 05:12:56 PM

At the NY meeting the Winkelvii mentioned that if Bitcoin is banned or crushed, an altcoin with a tumbled public ledger is likely to replace it.

Zerocoin:

http://www.forbes.com/sites/andygreenberg/2014/01/13/bitcoin-anonymity-upgrade-zerocoin-to-become-its-own-cryptocurrency/

Seems interesting. I hope they will use PoS like Peercoin. Right now my personal belief is that once this whole crypto currency fever is over PoS coins will be dominant. In concept a PoS coin can have lower transaction fees than PoW coin and free market will then probably prefer PoS. Also the blockchain should be decaying so that very old transactions could be safely forgotten by the network.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Eh, I started out with about 5% in alts but it grew to around 40-50% in USD terms... litecoin's fault, I didn't actually buy any more.

Diversification is good because it reminds authorities that if they crush Bitcoin, even easier ways for people to circumvent legacy banking will arise.

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

Quote from: chessnut on January 29, 2014, 05:12:56 PM

At the NY meeting the Winkelvii mentioned that if Bitcoin is banned or crushed, an altcoin with a tumbled public ledger is likely to replace it.

Zerocoin:

http://www.forbes.com/sites/andygreenberg/2014/01/13/bitcoin-anonymity-upgrade-zerocoin-to-become-its-own-cryptocurrency/

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: chessnut on January 29, 2014, 05:12:56 PM

That post about the $5000 bitcoins scenario made me think, should I have some litecoins?

At the NY meeting the Winkelvii mentioned that if Bitcoin is banned or crushed, an altcoin with a tumbled public ledger is likely to replace it.

What percentage of your bitcoins do you keep in alt coins such as peercoins, dogecoins, etc.....

Thanks for your thoughts.

50% BTC cold storage
40% LTC cold storage
5% FTC & PPC cold storage
4% on exchanges for trading other cryptos
1% fiat

fonzie

hero member

Activity: 504

Merit: 500

Moderator

50% doge 50% ripple 0% Bitcoin Cool

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: chessnut on January 29, 2014, 05:12:56 PM

That post about the $5000 bitcoins scenario made me think, should I have some litecoins?

At the NY meeting the Winkelvii mentioned that if Bitcoin is banned or crushed, an altcoin with a tumbled public ledger is likely to replace it.

What percentage of your bitcoins do you keep in alt coins such as bitcoins, dogecoins, etc.....

Thanks for your thoughts.

I would and am diversified. Part of the reason is as a hedge, but the main reason is that as more money flows into bitcoin, more money will make its way into alts. Alts have a much greater chance of large increase short to medium term as a result. Bitcoin could go up 1%-1000% this year. Alts could go up 1%-10000%+ this year. Not every alt is created equal though, so I would suggest researching. They are definitely higher risk plays.

Btw, some alts have gone up 100000%+ already this year.

So, investing in alts is not a bad idea.

chessnut

legendary

Activity: 924

Merit: 1001

That post about the $5000 bitcoins scenario made me think, should I have some litecoins?

At the NY meeting the Winkelvii mentioned that if Bitcoin is banned or crushed, an altcoin with a tumbled public ledger is likely to replace it.

What percentage of your bitcoins do you keep in alt coins such as peercoins, dogecoins, etc.....

Thanks for your thoughts.

Topic: Diversification into alt coins. - page 4. (Read 4942 times)