Is PPC a better store of long term value than BTC

jubalix

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Quote from: QuantPlus on November 10, 2013, 03:13:08 PM

People get car loans/leases every day. It's a baby business transaction.

Imagine taking out $10,000 BTC car loan in October...
Now you owe $20,000 in BTC, baby... and your car is now worth < $10,000.

That's why Bitcoin is a total non-starter as a currency...
But it's gonna do great as a commodity.

Unless an Alt can manage volatility...
By linking it's value to something like gold or a commodity basket...
Or have a professional futures exchange to hedge volatility...
Crypto coins cannot be used in even SIMPLE real world business transactions.

at cap out point though it should be stable or steady state, eg it will reach a natural market percentage and that it, at that point it may be very hard to influence the price that much because there wont be enough entities left with free cash/resources that are prepared to do this.

Lauda

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Quote from: Gumbork on November 10, 2013, 09:20:17 PM

No, Feathercoin is better then PPC.....

This is wrong on every level.

Brewins

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i like the idea of PPC i just think its not going to be able to overtake BTC in long term value

Yurizhai

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Quote from: Gumbork on November 10, 2013, 09:20:17 PM

No, Feathercoin is better then PPC.....

Good one.

Gumbork

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No, Feathercoin is better then PPC.....

Yurizhai

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Quote from: tacotime on November 10, 2013, 07:22:17 PM

Quote from: Lauda on November 10, 2013, 05:42:55 PM

Quote from: tacotime on November 10, 2013, 02:43:22 PM

My portfolio is 2 BTC : 5 LTC : 1 PPC.

LTC has by far a better history of price stability than BTC and PPC in my opinion, I considered the latter two more risky but worth a little investment into.

LTC is a no no for me. Otherwise that's a good way of handling your portfolio.

LTC has so much more volume than PPC that I would say it's really unwise not to invest in it. The value of LTC is that it was the first real alt currency, and now that it's traded in a multitude of exchanges it has immense value from speculative trading against Bitcoin alone.

Lover or hater, can't deny LTC has a lot of support. It's also been out twice as long as PPC though.

tacotime

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Quote from: Lauda on November 10, 2013, 05:42:55 PM

Quote from: tacotime on November 10, 2013, 02:43:22 PM

My portfolio is 2 BTC : 5 LTC : 1 PPC.

LTC has by far a better history of price stability than BTC and PPC in my opinion, I considered the latter two more risky but worth a little investment into.

LTC is a no no for me. Otherwise that's a good way of handling your portfolio.

LTC has so much more volume than PPC that I would say it's really unwise not to invest in it. The value of LTC is that it was the first real alt currency, and now that it's traded in a multitude of exchanges it has immense value from speculative trading against Bitcoin alone.

Lauda

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Quote from: Yurizhai on November 10, 2013, 06:13:33 PM

Quote from: Lauda on November 10, 2013, 06:11:14 PM

Wrong, dying ~~coin~~ bar.

Dying? It's been dead forever..

That's another way of putting it.

Yurizhai

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Quote from: freethink2013 on November 10, 2013, 06:08:05 PM

anyone putting decent amounts of money into anything but bitcoin and maybe ltc is a fool.

Unless you can see the future you're already wrong. My investment in PPC has already quadrupled and it's market cap is at all time high. Did you see how many coins grew in value with this week when BTC exploded? If anything interest in BTC increases interest and value in currencies in general.

Quote from: Lauda on November 10, 2013, 06:11:14 PM

Quote from: Yurizhai on November 10, 2013, 06:06:39 PM

Yeah so is BitBar.

Wrong, dying ~~coin~~ bar.

Dying? It's been dead forever..

Lauda

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Quote from: Yurizhai on November 10, 2013, 06:06:39 PM

Yeah so is BitBar.

Wrong, dying ~~coin~~ bar.

freethink2013

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anyone putting decent amounts of money into anything but bitcoin and maybe ltc is a fool.

Yurizhai

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Quote from: Lauda on November 10, 2013, 05:57:47 PM

Quote from: Yurizhai on November 10, 2013, 05:49:42 PM

Do you understand what you're saying? PPC has only been out for a year and it has a lower inflation rate than BTC. Even if you were born today you will not see 100 million PPC before you died. Also it technically does have a cap which is 2 billion, but again most people on this board won't even see 50 million in their lifetime.

NVC is a better example of less inflation Cheesy

Yeah so is BitBar.

Lauda

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Quote from: Yurizhai on November 10, 2013, 05:49:42 PM

Do you understand what you're saying? PPC has only been out for a year and it has a lower inflation rate than BTC. Even if you were born today you will not see 100 million PPC before you died. Also it technically does have a cap which is 2 billion, but again most people on this board won't even see 50 million in their lifetime.

NVC is a better example of less inflation Cheesy

Yurizhai

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Quote from: tazman on November 10, 2013, 01:58:48 PM

Overall I like PPC, but my concern for long term investment COMPARED to Bitcoin is that PPC has no maximum coin cap. Bitcoin's definite cap of 21 million coins makes it less prone to inflationary forces which can cause the long term price to trend lower. Most fiat currencies have lost somewhere around 95%-99% of their buying value in the last 100 years, simply because there is no maximum currency cap and printing continues unabated over the decades.

Do you understand what you're saying? PPC has only been out for a year and it has a lower inflation rate than BTC. Even if you were born today you will not see 100 million PPC before you died. Also it technically does have a cap which is 2 billion, but again most people on this board won't even see 50 million in their lifetime.

Lauda

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Quote from: tacotime on November 10, 2013, 02:43:22 PM

My portfolio is 2 BTC : 5 LTC : 1 PPC.

LTC has by far a better history of price stability than BTC and PPC in my opinion, I considered the latter two more risky but worth a little investment into.

LTC is a no no for me. Otherwise that's a good way of handling your portfolio.

Ecurb123

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Quote from: StewartJ on November 09, 2013, 10:03:34 PM

The way I view PPC from am investment standpoint...

- After Btc and Ltc... its entrenched as the defacto 3rd alt coin
- It has the third largest market capitalization, past $10 million now
- It has the novel feature of proof of stake, differing from Btc and Ltc
- its actively traded on btc-e and all the other secondary alt exchanges
- if history of ltc is any indicator, ppc should follow in trade value in the next 1-2 years.

In short, there is no reason for ppc not to be in the $3-$5 range by 2015.

Am going long with ppc here, a bargain at 60¢ each now.

Best,
Stew

that's pretty much how I see it, now that my block eruptors are useless on btc, they've been full time on ppc

Lauda

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Quote from: daviducsb on November 10, 2013, 02:38:49 PM

What is the easiest way to buy about $1,000 worth of PPC?

buy bitcoin first and send it onto an exchange.

teddyb797

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Peercoin

Quote from: daviducsb on November 10, 2013, 02:38:49 PM

What is the easiest way to buy about $1,000 worth of PPC?

i think the easiest way is to buy bitcoin through coinbase then buy ppc through btc-e.

but you can give coinmkt or crypto-trade a go, they have direct ppc-usd.

teddyb797

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the 1% interest makes it a better wealth storage but i don't know if it ever gain as much popularity as bitcoin.

people always value the original, that said ppc is the original pos coin; first of its kind.

QuantPlus

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People get car loans/leases every day. It's a baby business transaction.

Imagine taking out $10,000 BTC car loan in October...
Now you owe $20,000 in BTC, baby... and your car is now worth < $10,000.

That's why Bitcoin is a total non-starter as a currency...
But it's gonna do great as a commodity.

Unless an Alt can manage volatility...
By linking it's value to something like gold or a commodity basket...
Or have a professional futures exchange to hedge volatility...
Crypto coins cannot be used in even SIMPLE real world business transactions.

Topic: Is PPC a better store of long term value than BTC (Read 2120 times)