Topic: The best buy right now is not Bitcoin, it is ALTCOINS - page 5. (Read 7482 times)
You are either butthurt because btc didnt do good for you.. Please, there is no shitty altcoin can even provide a good service to invest with.
To buy altcoins bitcoin is only accepted as payment so you have to have bitcoin and you one of the easiest and fastest way of having it is by buying it. You still have a choice to buy bitcoin.
I think its better to choose bitter than altcoin because bitcoin is my destiny.
Good luck for some investor there if you want to try altcoin just make sure you afford to lose..
Good luck for some investor there if you want to try altcoin just make sure you afford to lose..
There is simply too much noise in the altcoin space. It doesn't matter what amazing features they have, there are simply too many competing coins and NONE of them can separate themselves. You would think LTC is separated, however, I think its volume is largely fake.
I have bought altcoins and won big, I have bought altcoins and lost big. Altcoins are a con mans game right now.
I have bought altcoins and won big, I have bought altcoins and lost big. Altcoins are a con mans game right now.
I am so fucking tired of altcoins!
Every altcoin I've ever invested in has either been a scam or gone dead in the water after a while. Granted, you can earn a fair amount of BTC on altcoin speculation, but when it comes down to it I might as well should have just put my BTC in cold storage and then forgot about them until the next growthspurt. The amazing amount of bullshit I've been through with the god damn altcoins just hasn't been worth it.
Fuck altcoins, buy BTC. In the long run it's the safest bet.
Every altcoin I've ever invested in has either been a scam or gone dead in the water after a while. Granted, you can earn a fair amount of BTC on altcoin speculation, but when it comes down to it I might as well should have just put my BTC in cold storage and then forgot about them until the next growthspurt. The amazing amount of bullshit I've been through with the god damn altcoins just hasn't been worth it.
Fuck altcoins, buy BTC. In the long run it's the safest bet.
What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?
Low liquidity means extreme upside potential! Besides, Bitcoin went up so much exactly because bagholding aka HODL so I don't find your argument good enough to dismiss altcoin markets recovery.
Exactly! BTC also went up because of bagholding! The same will be with good altcoins.
Maybe you are right but the problem is what altcoin is the best that we can make a profit in a long run just like in bitcoins.
Can you suggest?
Can you suggest?
Altcoins are good but i prefer the real think.
Because most of the altcoins are run and made by scammy devs.
Because most of the altcoins are run and made by scammy devs.
Sure, but most of them are just pump and dump, and the chance of raising 1000% is much smaller than the chance of them becoming equal to 0 $
Since this thread is filled with noobs from the streets of Calcutta, here's all you need to know about coins:
This is pretty idiotic seeing as how any altcoin that doesn't plan to implement either deterministic block production or lightning network is basically dead in the water scaling wise. Lightning network with 1MB block size is estimated to be able to handle 50 million users with infinite transactions. Assuming the new world order plan to reduce human population to pre-industrial revolution levels of 500mil goes through, you'd still need 8MB block size + Lightning Network to serve as world reserve currency in that case.
Scaling wise, the only altcoins really attempting to push anything forward in that category are NXT, Bitshares, Ethereum. NXT's transparent forging is currently vaporware and unknown if it would ever see the light of day. Bitshares deterministic block production works, but is cursed by the bad business decisions of Dan Larimer. Ethereum network partitioning/deterministic block production is also vaporware. Ethereum might be able to pull off the scaling, but they have a behemoth and maybe insecure software stack to place on top of it that might implode it.
So, in this case, even if Bitcoin doesn't go above 1MB blocks, there's really nothing coming down the line to challenge it's network effects. Better luck next time motherkwuker.
8% altcoin
2% bitcoin
2% bitcoin
This is pretty idiotic seeing as how any altcoin that doesn't plan to implement either deterministic block production or lightning network is basically dead in the water scaling wise. Lightning network with 1MB block size is estimated to be able to handle 50 million users with infinite transactions. Assuming the new world order plan to reduce human population to pre-industrial revolution levels of 500mil goes through, you'd still need 8MB block size + Lightning Network to serve as world reserve currency in that case.
Scaling wise, the only altcoins really attempting to push anything forward in that category are NXT, Bitshares, Ethereum. NXT's transparent forging is currently vaporware and unknown if it would ever see the light of day. Bitshares deterministic block production works, but is cursed by the bad business decisions of Dan Larimer. Ethereum network partitioning/deterministic block production is also vaporware. Ethereum might be able to pull off the scaling, but they have a behemoth and maybe insecure software stack to place on top of it that might implode it.
So, in this case, even if Bitcoin doesn't go above 1MB blocks, there's really nothing coming down the line to challenge it's network effects. Better luck next time motherkwuker.
Dogeparty (working clone of Counterparty for DOGE) went up 45% but with very low volume, still a nice example of how little money it takes to make a major price movement with some altcoins.
http://coinmarketcap.com/currencies/dogeparty/
24 hour volume - $33. The salad days are here. Rejoice.
Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.
You say many of them outform Bitcoin in all its technical aspects, yet you don't give any examples. Last time I checked, I didn't see any coin that has proven to be stable under Bitcoin's pressure, which is the nº1 reason to bet on it. Maidsafe is the only coin different enough that I would be able to trust long term as something valuable.
As for Crypto 2.0 coins:
https://bitcointalksearch.org/topic/the-20-throwdown-thread-1153740
But even that won't help you much unless you actualy used those coins, extensively and more than once.
(alt) coins do not have the potential to go up so much. 1000% is an impractical amount. In the last 6 months of me trading alt coins, not a single coin that I know of, has gone up 1000%
Dozens of them went up 1000% or more, not sure where you are looking.
As for everything else you posted, a problem here is that so many are double-binary = Bitcoin only and the only way is up. Else I'm gonna jump off the building. That is insane. Sure, they can make money, possibly more than with altcoins (totaly doubt that though) but still they are insane and I don't feel well dealing with insane people even if we all are trillionaires.
I don't see anything on that list that couldn't be able to get implemented thanks to sidechains, even all the stuff that Ethereum does can be integrated in Bitcoin (see rootstock) so alts are becoming more and more irrelevant. Some of the features on other alts are actually undesirable like PoS itself which is crap as a "proof of" way to do things to be honest.
i don't know what happened that the doge altcoin is pumped today by 30% simple unbelievable.
Dogeparty (working clone of Counterparty for DOGE) went up 45% but with very low volume, still a nice example of how little money it takes to make a major price movement with some altcoins.
http://coinmarketcap.com/currencies/dogeparty/
stay away from altcoins
Could you please specify what these coons are, I mean which ones are they. I don't think that similar profits can be made but a nice nudge in that direction would be of great help
The cons of altcoins is because the price changes a lot so you can make or good profit or a huge loss, it's more unstable than bitcoin. Could you please specify what these coons are, I mean which ones are they. I don't think that similar profits can be made but a nice nudge in that direction would be of great help
Put some time into investigating coins with marketcap at around or under 100 BTC at http://coinmarketcap.com/2#BTC and http://coinmarketcap.com/3#BTC then pick those that suit your interests, investement idea, sentiment or whatever. All those coins can easily 1000% in a day or less. Of course that no matter how awesome some coin might look you should not invest any serious money in it, start with a few USD invested at best and then over some time (weeks and months, not hours or days) decide if you wanna exit position, reduce it or add to it.
Overaly (there are some exceptions) I'm hunting coins that are unique and are traded on at least 2 exchanges. If they trade in China that is a big plus.
Could you please specify what these coons are, I mean which ones are they. I don't think that similar profits can be made but a nice nudge in that direction would be of great help
What I am doing is buy a bit of coins and immidiately put them up for sale, at 2x 5x 10x 25x 100x profits depending on current coin marketcap and liquidity. There are few very cheap altcoins that overaly sound great to me and situation is there are not many up for sale which means if sudden madness hits price might surge extremely. So I buy 50,000 coins total at let's say 100 Satoshi each (total investment 0.05 BTC for that trade) and place sell orders as follows:
5,000 coins at 1,000 Satoshi = 0.05 BTC (return of investment)
10,000 coins at 2,500 Satoshi = 0.25 BTC (profit)
20,000 coins at 10,000 Satoshi = 2 BTC (even more profit)
15,000 coins remain for the highly unlikely but still possible case that 1 coin = 1 BTC
Of course, you can buy less coins in one go and spread buying over some period of time.
5,000 coins at 1,000 Satoshi = 0.05 BTC (return of investment)
10,000 coins at 2,500 Satoshi = 0.25 BTC (profit)
20,000 coins at 10,000 Satoshi = 2 BTC (even more profit)
15,000 coins remain for the highly unlikely but still possible case that 1 coin = 1 BTC
Of course, you can buy less coins in one go and spread buying over some period of time.
Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.
You say this is the best time to buy altcoins but there a ton of different altcoins out there. How are we to know which ones are gonna survive and which ones are gonna go down the "drain". There might only be handful of them that have the potential to come near the success that Bitcoins has received but the question still remains who they might be? (Other than litecoins)
Therefore when you stick with Bitcoin, growth will definitely happen.
Nothing is 100% and so many things can go wrong anytime. If you are invested all into Bitcoin or whatever else you can realisticaly end up nulled. Altcoins, precious metals, land, enumismatics, rare or even unique stuff with constant demand are a nice way to hedge against total loss. Good portfolio is one where person is well diversified within and out of some sector, with very stable to very volatile investments where more attention and money is put into currently stable stuff. But whoever dismisses very volatile investments should not expect to ever see 1000% or higher gains.
Jump to: