Topic: I want to understand other's altcoin behaviors - please take this quick quiz! (Read 832 times)

EXHIBIT A
EXHIBIT B .... the dot-com bubble, most of the early leaders turned to rubble. 

There are gemstones and cryptogold out there to be discovered.   

here's a simple theory

if BTC is going to be a success
then dozens of alts are going to be huge too ... TIER ONE capital
then 100s of alts will be 'of value' on 24/7 markets
and finally 10000s will be of micro values

I would pick 10-20 coins and invest a little in each of them with the expectation you will be trading them often. If you sort by market-cap and look for coins with good volume over the past 6 months you should do well. By having many coins, you should always be able to buy low and sell high as most coins will go through peaks and troughs over the course of a month or two. This will also minimize your risk should a coin go under, as if you are paying attention you should only be accumulating once a coin's price has fallen so you should be able to get out if needed at a minimal loss.

1. What are your top three investments?  Top five?
Bitcoin
Monero
Darkcoin (before Dash)

2. Do you hold these coins long-term, or day trade (specify if possible)?
I only hold Bitcoin for long term. I used to hold altcoins too, but now I'm out of long term altcoin investments.

3. What exchange(s) do you trade on?
Poloniex, Btc-e, Cryptsy

4. Overall, has altcoin trading (or holding) brought you profit or loss?
I could say neutral for these 3 coins but I've lost serious amount of money from others like Fedoracoin, Leafcoin, Devcoin and some other coins I don't even remember their names.

In the 1970s, here are the top computing companies selling home computers (there may be more, but this is just what I remember);
1. Commodore
2. Atari
3. Radio Shack
4. T.I.
5. Altair
6. Apple
7. IBM

Look at these companies now;
1. gone
2. gone
3. filed for bankruptcy
4. no personal computer line anymore
5. gone
6. successful
7. sold their personal computer line off due to not profitable. sold to Lenovo

Out of all these over 250 bitcoins and altcoins, ONE will be dominant and become universally accepted as money to buy almost anything. All the others are cons or shitcoins. You have a less than 0.4% chance of success if you pick an altcoin to invest in. Your chances are slightly better than 0.4% if you own bitcoin, due to bitcoin being the first mover.

Picking one whose price keeps going up is not a guarantee of success. Remember, Apple came close to bankruptcy once? If you got spooked and sold then, you would've missed out on its comeback.

Sir Alpha_goy is just being pessimistic. He thinks that none of the digital currencies will be successful because they are not really money so crypto has no "real world application", so this is just a game played in a sandbox to fleece you out of your money. This is not true. It is true 99.6% of the time, though, as I just explained to you. That's why no one "invests" in crypto. One "gambles" in crypto.

Explain this please!

.

deleted for lack of interest

I'm holding a few GEMZ as well the market now is very depressing, but I have to keep telling myself it's still a work in progress like you've said. Their mobile app is awesome -  I really do hope that gains more popularity!

1. As of now: Augur (REP) GetGems (GEMZ) Litecoin (LTC)

2. Yes longer term.

3. BTC- e and Poloniex

4. To be honest LTC and Gemz made me profit, LTC the most. Although i have also lost on shitcoins, from there i learned to go with start ups that are going to offer a real world demand and not just based on hype, which all brought me to Augur and GetGems, but both aren't complete yet so need some patience.

Sup guys,

As I notice my bitcoin start to spread out over a wide array of altcoins, I figured now is time to take a step back, plan a strategy, and (however best) consolidate my funds. 

To better understand how others are playing the altcoin market, I'm asking you guys to take a quick & easy quiz:

1. What are your top three investments?  Top five?
2. Do you hold these coins long-term, or day trade (specify if possible)?
3. What exchange(s) do you trade on?
4. Overall, has altcoin trading (or holding) brought you profit or loss?

Please no advertising/shill/FUD here, honest answers only 

Thanks in advance!