Mostly agree, but Bitcoin is not invincible.
Right now it is on the decline in terms of marketshare and utility,
and major companies like Dell and Fiverr stopped accepting it,
so we're possibly going backwards in terms of adoption.
Does this not concern you?
Topic: for the first time ever, i'm hedging part of my long term position with altcoins - page 2. (Read 2753 times)
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 30, 2017, 10:12:02 PM
March 30, 2017, 10:08:04 PM
I guest all of you geniuses that have divested into every shitcoin imaginable have never cared about things like merchant adoption, global acceptance, and all that, you know, really important cryptocurrency stuff.
Only ONE coin is talked about most in the worldwide news.
Only ONE coin has the MOST merchant adoption (hell, 99.99999% of alts have ZERO).
Only ONE coin has anyone even TRYING to get it considered for an ETF.
Only ONE coin has been around for 8 years, still going strong, the price higher than it has every been in its history.
Only ONE coin has wealthy people buying millions of $$$ worth as a long term investment :
https://gemini.com/auction-data/
Only ONE coin is being traded around the world on EVERY exchange.
Only ONE coin is being bought vigorously off-exchange around the world:
https://coin.dance/volume/localbitcoins
And that coin is Bitcoin.
Everything else is a wannabe for troll trading fodder. History will prove this out.
Only ONE coin is talked about most in the worldwide news.
Only ONE coin has the MOST merchant adoption (hell, 99.99999% of alts have ZERO).
Only ONE coin has anyone even TRYING to get it considered for an ETF.
Only ONE coin has been around for 8 years, still going strong, the price higher than it has every been in its history.
Only ONE coin has wealthy people buying millions of $$$ worth as a long term investment :
https://gemini.com/auction-data/
Only ONE coin is being traded around the world on EVERY exchange.
Only ONE coin is being bought vigorously off-exchange around the world:
https://coin.dance/volume/localbitcoins
And that coin is Bitcoin.
Everything else is a wannabe for troll trading fodder. History will prove this out.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 30, 2017, 08:54:07 PM
getting its way = little to zero on chain scaling in the forseeable future.
We are having cheap transaction fees because there is block reward still being distributed, namely transactions are subsidized by the block rewards.
Who said everything needs to be done on-chain forever?
I'm sick and tired of these bullshit all-or-nothing arguments.
No, we don't need to be on-chain forever... and we don't need to plan a century in advance either.
March 30, 2017, 08:41:58 PM
If you just wanted to make $$$ short term, the time to have bought in Altlandia was last year. When no one wanted it or cared.
If you are getting onboard now 'cause hype and "dur hur alts winning, Bitcoin failing dur hur", we'll I'm afraid you're going to be disappointed.
Short term perception <> long term reality.
I'll just leave this here:
http://altcoinobituaries.com/
If you are getting onboard now 'cause hype and "dur hur alts winning, Bitcoin failing dur hur", we'll I'm afraid you're going to be disappointed.
Short term perception <> long term reality.
I'll just leave this here:
http://altcoinobituaries.com/
Agree. I've never sold any of my btc, however I put a few hundred into a handful of alts when they were disliked. XMR in July 2015, ETH in Jan 2016, LTC when it was hovering around $3 - $3.5. Also a couple others.
Only the coins I can see sticking around for a while and that have a *possible* future use.
My main reasoning is that if the cryptoeconomy expands, so will the caps & price of these coins.
Lets see in 5 years.
March 30, 2017, 08:24:10 PM
getting its way = little to zero on chain scaling in the forseeable future.
We are having cheap transaction fees because there is block reward still being distributed, namely transactions are subsidized by the block rewards.
March 30, 2017, 06:41:27 PM
What are peoples experience with USDt? Do you believe it to be safe?
March 30, 2017, 06:07:35 PM
Re: for the first time ever, i'm hedging part of my long term position with altcoins
I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.
I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.
Did you buy LTC?
Re: Litecoin has potential. Beyond $50?
i am not intelligent enough to take it all in. you know way more than me. i just call it how i see it.
The game theory and economics is such that SegWit softfork (necessary for enabling the scaling of Lightning Networks) can't be enabled on Bitcoin. Stalemate is the indefinite status quo.
Litecoin (at its current market cap and situation at this juncture in time) has different game theory and economics, thus it hypothetically can enable SegWit and get rolling on scaling.
Ostensibly I threw out the hypothesis that the whales and miners have been (as quietly as possible) accumulating (both LTC and Scrypt ASICs) in order to prepare for a massive upward revaluation of Litecoin as the scaling option to Bitcoin's strict small block future.
This is very speculative (and rushed) analysis and lacking thorough due diligence.
i am not intelligent enough to take it all in. you know way more than me. i just call it how i see it.
The game theory and economics is such that SegWit softfork (necessary for enabling the scaling of Lightning Networks) can't be enabled on Bitcoin. Stalemate is the indefinite status quo.
Litecoin (at its current market cap and situation at this juncture in time) has different game theory and economics, thus it hypothetically can enable SegWit and get rolling on scaling.
Ostensibly I threw out the hypothesis that the whales and miners have been (as quietly as possible) accumulating (both LTC and Scrypt ASICs) in order to prepare for a massive upward revaluation of Litecoin as the scaling option to Bitcoin's strict small block future.
This is very speculative (and rushed) analysis and lacking thorough due diligence.
March 30, 2017, 05:42:30 PM
That's what usdt is for. Anyone buying doge with the expectation of preserving their dollar value is a freaking maniac.
Doge is holding up splendidly in dollar terms...!
March 30, 2017, 03:18:19 PM
That's what usdt is for. Anyone buying doge with the expectation of preserving their dollar value is a freaking maniac.
Doge is holding up splendidly in dollar terms...!
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 30, 2017, 03:05:15 PM
dammmmn litecoin just popped.
March 30, 2017, 03:22:24 AM
In this climate it seems a good move to diversify into alts but beware of pump n dumping shitcoins. Go for established ones. My favourite is Dash but I'd be cautious of that too after how much it has risen lately. Same goes for eth (which I don't like personally anyway) To me litecoin looks quite good at the moment, its very established, accepted on lots of exchanges, and price still depressed.
In general I think a healthy market for alts is a good thing and much preferable to using sidechains and such nonsense on the bitcoin blockchain. This is the free market working to help resolve bitcoin scaling problems. I think bitcoin doesn't need to scale but needs to forget being currency for buying coffee, lets alts pick up that role. Bitcoin can be great as the reserve of crypto and a premium settlement layer and store of value for large transactions.
In general I think a healthy market for alts is a good thing and much preferable to using sidechains and such nonsense on the bitcoin blockchain. This is the free market working to help resolve bitcoin scaling problems. I think bitcoin doesn't need to scale but needs to forget being currency for buying coffee, lets alts pick up that role. Bitcoin can be great as the reserve of crypto and a premium settlement layer and store of value for large transactions.
Looking good so far
March 29, 2017, 11:31:55 PM
On this exact date:
ETH = ~$52
BTC = ~$1035
Let's pull this post up at the end of the year (12/30/2017), and see which one did better. Shall we?
(oh that's right, you'll be long gone by then)
ETH = ~$52
BTC = ~$1035
Let's pull this post up at the end of the year (12/30/2017), and see which one did better. Shall we?
(oh that's right, you'll be long gone by then)
if bitcointalk had an activity bar chart for days in months like the one it has showing hours in the stats in the profile, we could see which weeks mining1 is most active.
hint: it was not when ETH was dumping to $9
March 29, 2017, 10:41:30 PM
I think most of the big traders use to do the same thing, i have also done and had good profit. I sold my Bitcoin @ 1150 to 1200 range and that time i had bought ETH, ICN and then i sold ETH and bought back btc @ 1000 range and that way only you can make more profit.
March 29, 2017, 02:13:32 PM
Buying low will give you enough time to get out if needed. BUT btc wont die. It can only die when it doesnt get enough air when its landed on the moon.
March 29, 2017, 02:02:00 PM
Even if we talk about the future performance, eth is the one most likely to outperform, as in % increase. But it's not just about that, my opinion is that there's like 25% chance for bitcoin to spiral to death, assuming you don't manage to get out in time. That's the biggest problem.
March 29, 2017, 01:19:01 PM
On this exact date:
ETH = ~$52
BTC = ~$1035
Let's pull this post up at the end of the year (12/30/2017), and see which one did better. Shall we?
(oh that's right, you'll be long gone by then)
ETH = ~$52
BTC = ~$1035
Let's pull this post up at the end of the year (12/30/2017), and see which one did better. Shall we?
(oh that's right, you'll be long gone by then)
March 29, 2017, 01:15:33 PM
By "here" you mean what ? Even though the name of the forum is bitcointalk, it's not just about bitcoin but crypto and blockchain generally. And it's a public topic.
So, as i suspected, you indeed are a bitcoin maximalist.
So, as i suspected, you indeed are a bitcoin maximalist.
March 29, 2017, 01:10:05 PM
No, you seem like a bitcoin maximalist. Eth has its own market, and about half, depending on day, is traded in fiat.
So instead of spending time in the Eth forum, you're spending it here instead. You seem desperate to get Bitcoin users to buy Eth.
Wonder why the desperation?
March 29, 2017, 01:02:00 PM
No, you seem like a bitcoin maximalist. Eth has its own market, and about half, depending on day, is traded in fiat.
March 29, 2017, 01:00:12 PM
Interestingly, you never see any of the long term holders posting these hopeless threads. Why not? Because they've seen a thousand altcoins die.
If the Bitcoin experiment fails, these altcoins are going to fail as well. There is a reason every altcoin trade against Bitcoin. And why not? Why not use the most available global currency for trustless global payments we have?
Altcoins are for daytraders.
If the Bitcoin experiment fails, these altcoins are going to fail as well. There is a reason every altcoin trade against Bitcoin. And why not? Why not use the most available global currency for trustless global payments we have?
Altcoins are for daytraders.
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