Is there any safe haven in altcoins?

leezay

full member

Activity: 363

Merit: 100

SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN

Quote from: balu2 on July 04, 2014, 07:13:18 PM

Quote from: silversmith on July 04, 2014, 11:52:37 AM

In the last six months on BTC-E(January 5th to July 4th)

LTC ... down 69%
PPC ... down 79%
NMC ... down 74%
XPM ... down 91%
TRC ... down 91%
FTC ... down 87%
NVC ... down 90%

lots of room for profit. I like flipping coins on the low. 91% down? Wouldn't surprise me to see it 900% up in 8 months... orderbooks are extremely thin since months. What you see are dumping-prices Wink

One huge dumpfest since months. They can only dump so much longer. When they start buying they'll realize there is no sellresistance. I think this is going to play out very similar to Nov 2013

Let us know in 6 months or so how flipping coin work out.

Bitcoin-hotep

sr. member

Activity: 308

Merit: 253

1. Make a coin

2. Make an exchange

3. Make a forum on that exchange

Safety, and even ability to move the market, pretty much guaranteed.

The reason to make a new one is because there is meant to be an ecosystem.

Coins are not there for new people to find and mine, coins are there to trade for one another and support bitcoin.

NEW coins made (by you) are for you and your friends to mine, or for your school to mine, or for your team to mine, or for your WoW clan to mine, or whatever.
Then those coins are to be traded for other coins and used to support Bitcoin.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

I feel pretty good with my NMC/HUC investments as far as alts.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: houseo on July 04, 2014, 10:06:27 AM

Ya I stopped the altcoin game. Don't see the point in any of them. The only ones that may have some potential are 2.0 style coins.

heh...I have a KNC Titan coming hopefully in August 2014....probably not my wisest move...better odds then the Neptune I upgraged from
they are having problems just getting that to power up with power supply...er got it when KNC was golden ..then 2 weeks later they
went BFL route...it was like a Nun becoming a stripper cause it pays more....blindsighted.....and you guessed it NO REFUNDS sigh

crap

live and learn

Searing

Momimaus

hero member

Activity: 767

Merit: 500

Never back down !!!

The safest heaven is NXT. Nobody knows if it will be as big as BTC one day, but it will have its place in Crypto for sure.

balu2

hero member

Activity: 742

Merit: 500

Quote from: silversmith on July 04, 2014, 11:52:37 AM

In the last six months on BTC-E(January 5th to July 4th)

LTC ... down 69%
PPC ... down 79%
NMC ... down 74%
XPM ... down 91%
TRC ... down 91%
FTC ... down 87%
NVC ... down 90%

lots of room for profit. I like flipping coins on the low. 91% down? Wouldn't surprise me to see it 900% up in 8 months... orderbooks are extremely thin since months. What you see are dumping-prices Wink

One huge dumpfest since months. They can only dump so much longer. When they start buying they'll realize there is no sellresistance. I think this is going to play out very similar to Nov 2013

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: Netnox on July 04, 2014, 05:14:28 PM

Quote from: Alley on July 04, 2014, 10:05:12 AM

Altcoins are dying a slow death. They serve no purpose. Mainstream adoption is all that matters and were having a tough enough time getting average joes to wrap there head around bitcoin.

I don't agree, altcoin has done what Bitcoin hasn't achieved yet.

this -

also here is the explanation - http://kolinevans.wordpress.com/2014/07/04/why-has-litecoin-decoupled-from-bitcoin-and-is-on-a-price-decline-and-why-is-this-important-for-quark-and-other-free-market-crypto-currencies/

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: Alley on July 04, 2014, 10:05:12 AM

Altcoins are dying a slow death. They serve no purpose. Mainstream adoption is all that matters and were having a tough enough time getting average joes to wrap there head around bitcoin.

I don't agree, altcoin has done what Bitcoin hasn't achieved yet.

Benjig

sr. member

Activity: 462

Merit: 250

Well, the most stable coin out there is currently bitcoin, im only seeing the rest of alts falling, specially LTC and the overpriced dark.

Magic8Ball

legendary

Activity: 1050

Merit: 1000

Quote from: zby on July 04, 2014, 10:01:28 AM

Now that we have a correction in BTC - are the other alt coins also falling - or are there some going up?

It looks like LTC yesterday got a really bad melt-down - do you guys think this was a bottom?

They will always be a big gamble. Best to spread out your investment.

I thought Vertcoin would do decently but it has been going only one way Grin

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: xephyr on July 04, 2014, 11:41:45 AM

Quote from: El Dude on July 04, 2014, 11:20:46 AM

Litecoin - the only alt coin with enough volume and liquidity to be considered by big merchants and Coinbase.

From https://www.cryptocoincharts.info/v2/markets/graphicalComparison

Yes, litecoin price is depressed but now very attractive to speculators who want to diversify. Nothing wrong with having litecoin in your portfolio; at current ltc/btc price upside potential for litecoin is considerable. Perhaps 80/20 bitcoin/litecoin mix for investors. However IMO ltc/btc has not bottomed out yet, see this chart:

If ltc/btc price goes below .010 on heavy volume could offer very good risk/reward for buying.

hard sell - its not a market , big whales are selling out on ASIC fear was the best last guess..

Summary :

LTC is "too distributed" into the market. to be properly price manipulated up .

ha ha its a problem of the free market starting to take over, beautiful thing isn't it?

amirmass

sr. member

Activity: 425

Merit: 250

Vericoin

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: zby on July 04, 2014, 10:01:28 AM

Now that we have a correction in BTC - are the other alt coins also falling - or are there some going up?

It looks like LTC yesterday got a really bad melt-down - do you guys think this was a bottom?

with out a doubt if you cost price average into a non scam currency when its down in price , this is a perfect reserve mechanism.

obviously Quark is that, there are actually are few others.

you are suffering from "Universals Proof of Scam Syndrome ." or "UPOSS"

crackerhead

sr. member

Activity: 252

Merit: 251

My Head is a Ritz

Quote from: houseo on July 04, 2014, 10:06:27 AM

Ya I stopped the altcoin game. Don't see the point in any of them. The only ones that may have some potential are 2.0 style coins.

I completely agree with this point.

PL_CoinTrader

full member

Activity: 226

Merit: 100

I think Bitcoin is the safest haven of course because it has the network effect on its side and it's way older than most altcoins so it proved that it's secure. But what Bitcoin could make unsafe in the future (like in a few years) is the ignorance regarding asics. Mining power will be more and more centralized and there will be a successful double spend attack eventually. But for now it's the safest coin I think.

El Dude

hero member

Activity: 770

Merit: 500

Quote from: xephyr on July 04, 2014, 11:41:45 AM

Quote from: El Dude on July 04, 2014, 11:20:46 AM

Litecoin - the only alt coin with enough volume and liquidity to be considered by big merchants and Coinbase.

From https://www.cryptocoincharts.info/v2/markets/graphicalComparison

Yes, litecoin price is depressed but now very attractive to speculators who want to diversify. Nothing wrong with having litecoin in your portfolio; at current ltc/btc price upside potential for litecoin is considerable. Perhaps 80/20 bitcoin/litecoin mix for investors. However IMO ltc/btc has not bottomed out yet, see this chart:

If ltc/btc price goes below .010 on heavy volume could offer very good risk/reward for buying.

+1

rabbiter

full member

Activity: 168

Merit: 100

Who is to say BTC and LTC will survive?

Once crypto goes mainstream they wont put up with Bitcoins flaws.

The new developments in crypto where you can have a decentralized exchange will have long term power like NXT and Qora. It wont just be about coins but about digital property.

magicmexican

hero member

Activity: 812

Merit: 1000

I would not draw any major conclusions yet, who knows what will happen when BTC will enter the next bubble mode.

But for now, when the price movements are very insignificant (in the grand scheme of things) - its mostly just flavor of the month pump&dump.

TrailingComet

sr. member

Activity: 462

Merit: 250

Only btc and maybe ltc and a couple of others will survive
The rest are largely fluff or pump and dump schemes
Overdue correction hopefully underway

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Macon Money guaranteed to be as worthless as the dollar with the added bounce of being not recognized / accepted anywhere.

http://www.coindesk.com/other-alt-currencies-as-anti-bitcoins/

Topic: Is there any safe haven in altcoins? (Read 2389 times)