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Topic: sold my alts, all in BTC - page 13. (Read 11647 times)

sr. member
Activity: 369
Merit: 250
September 11, 2014, 02:10:01 PM
#16
its quite stupid to go in bitcoin right now as we prepare for another big crash
order books are moving, pressure is building to drop to 400 quickly

The only stupid thing to do right now is to not put your disposable income into BTC.
member
Activity: 73
Merit: 10
September 11, 2014, 01:06:43 PM
#15
its quite stupid to go in bitcoin right now as we prepare for another big crash
order books are moving, pressure is building to drop to 400 quickly
legendary
Activity: 1568
Merit: 1001
September 11, 2014, 01:05:38 PM
#14
IMO, the alt coin scene is a den of vipers looking to prey on the wild eyed vulnerabilities of those looking to make a quick buck. Some continue to fall for the next coin and then the next after they've been burned thinking there's always a chance at a moonshot that never comes. They fall for the PR and videos that scammers put out and then they part w/ precious bitcoins for that chance to make more that typically ends w/ them losing. People, don't waste your time on anything besides bitcoin, you'll regret it. There's only room for one sheriff in this town.
hero member
Activity: 728
Merit: 500
September 11, 2014, 12:45:48 PM
#13
For the time being, this seems to be the wisest way to go.  I used to keep a small chunk in LTC but converted all but a few to BTC a few months back, thankfully.
hero member
Activity: 617
Merit: 559
September 11, 2014, 10:51:49 AM
#12
You will be happy to made your bed with the alt scene once the next price rally starts. Good move my friend.
legendary
Activity: 1764
Merit: 1002
September 11, 2014, 10:40:26 AM
#11
congratulations.  good move.
legendary
Activity: 2730
Merit: 1288
September 11, 2014, 10:38:53 AM
#10
You should go all in, not sold. I am sorry for you.
legendary
Activity: 1692
Merit: 1018
September 11, 2014, 09:05:32 AM
#9
Good move.  Stick to bitcoin.  Sure, you might miss a hyper bubble in an altcoin but there are always far more losers than winners chasing that dream.  Ever heard of a well recognised business proudly declaring to the media they now take dogecoin or litecoin as payment?  Neither has anyone else.  It's bitcoin or it's nothing.
legendary
Activity: 1652
Merit: 1265
September 11, 2014, 09:00:14 AM
#8
For alts look at http://coinmarketcap.com/ it will show you which coins have the best marketcap.
Also look at how long it has survived.

In my opinion everything under $10 million should be avoided. Above $100 million can be viable. Above 1$ billion is safe.
LTC has survived as long as Bitcoin and is a good investment in my opinion.
BTC is always your best bet.
hero member
Activity: 688
Merit: 500
ヽ( ㅇㅅㅇ)ノ ~!!
September 11, 2014, 06:33:34 AM
#7
I had darkcoin, monero, doge, gridcoin, XC, anoncoin, PND, VIA.

Think I lost money on all except DRK, XMR, DOGE. VIA and XC weren't too bad.

(Made by far the most on DRK which offset significant losses on others. Well, I made the mistake of spending DRK profits on other alts and promptly lost them.)

At the end of the day I don't see any threatening Bitcoin as the "gold standard".

Maybe I'll regret dumping DRK and XMR, but hodling Bitcoin has never caused me problems so far... Cool
legendary
Activity: 2324
Merit: 1125
September 11, 2014, 06:08:31 AM
#6
focus on 4-5 alts that you think are worth it and stay with them. Having 10 alts to follow is a PITA. If you want to make money, keep it simple.

4-5? I never had more than 2 alts at a time (I once owned LTC and Peercoin) and own 1 now (XMR). There are too few valuable altcoins to hold 4 or 5.
sr. member
Activity: 324
Merit: 250
September 11, 2014, 06:05:19 AM
#5
I think you're wise to sell your alts and put them into btc. alts will probably be worthless in the future.

Most alt are shitcoins. Too bad you can't go short on them Sad
I don't see Litecoin as an alt btw

Yes i'm ready for the launch!!  Cool

The only alt I have is LTC too. Got 10 and thought I'd keep them and see where they end up as an experiment.
legendary
Activity: 1652
Merit: 1265
September 11, 2014, 06:02:56 AM
#4
Most alt are shitcoins. Too bad you can't go short on them Sad
I don't see Litecoin as an alt btw

Yes i'm ready for the launch!!  Cool
legendary
Activity: 952
Merit: 1005
--Signature Designs-- http://bit.ly/1Pjbx77
September 11, 2014, 06:02:24 AM
#3
The only alts I have is Litecoin and Namecoin, they aren't worth much these days. I do not have much, so I decided to keep them just in case they rocket (i wish) Cheesy
full member
Activity: 274
Merit: 101
AI Growth Hacking, Crowd Shilling, and Guerrilla M
September 11, 2014, 06:01:16 AM
#2
focus on 4-5 alts that you think are worth it and stay with them. Having 10 alts to follow is a PITA. If you want to make money, keep it simple.
hero member
Activity: 688
Merit: 500
ヽ( ㅇㅅㅇ)ノ ~!!
September 11, 2014, 05:47:54 AM
#1
Keeping track of all different alt coin wallets was annoying Angry And I don't trust exchanges.

I'm ready for liftoff.

Are you?

(of course I had never more than ~5% in alts)
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