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Topic: The best buy right now is not Bitcoin, it is ALTCOINS - page 8. (Read 7482 times)

legendary
Activity: 1722
Merit: 1000
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.

Why would the public by Shit coin XYB instead of ABR or FDS or ZRE or FER or GER or REG or ABV or ZXY or ......



ALTHOUGH, I would tend to agree the real alt coins can hold some serious potential.  LTC, PPC, Doge.
hero member
Activity: 651
Merit: 518
Lol Altcoins.  ..
I know bitcoin has plenty of problems but Altcoins are not a solution neither do the vast majority of them have any potential or future.

No one here advised to buy vast majority of them. But even some randomly picked altcoin can make a big upside movement. Even total craps no one is seemingly interested into, if they are present at exchange, of course. You as a veteran here should be familiar with altcoin crazy price action back at times BTC reached all-time high price. BTC went roughly 1000% up while many altcoins went much higher. I see no good reason for situation to go the oppossite direction if BTC hits a new all-time high.
legendary
Activity: 1937
Merit: 1001
Lol Altcoins.  ..
I know bitcoin has plenty of problems but Altcoins are not a solution neither do the vast majority of them have any potential or future.
hero member
Activity: 651
Merit: 518

The downside risk is they go to zero, which is the same risk as bitcoin.   But the upside potential of altcoins is much bigger than BTC because they have a long way to grow still.

Are you retarded? 

Where is the potential upside if they just sit being batted back and forth between the same tiny pool of buyers?

You mean it is harder to manipulate price if there are less buyers and sellers? Since when?
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

The downside risk is they go to zero, which is the same risk as bitcoin.   But the upside potential of altcoins is much bigger than BTC because they have a long way to grow still.

Are you retarded? 

Where is the potential upside if they just sit being batted back and forth between the same tiny pool of buyers? There are very, very few alts that will ever get beyond the confines of this forum.

Bitcoin will only gain serious upside when the rest of the world cottons on to its potential and starts to take it seriously. Same goes for everything else and if BTC can't do it then nothing else that currently exists will either. There certainly are gains to be made in alts but there's no way of predicting or depending on them.

legendary
Activity: 1090
Merit: 1000
2 years ago, you could do very well buying shitaltcoins. Everyone thought alts were going to take over the world and the market was crazy with people buying/selling.

Today, making big money on an altcoin would be like the odds of getting hit by lightning.  If you do hit it lucky on one, you probably lost big time on the 100 500 others you bought.
hero member
Activity: 651
Merit: 518
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?
This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.

So how exactly you think that you can kill let's say Phoenixcoin ( https://bitcointalksearch.org/topic/ann-pxc-phoenixcoin-v0662-neoscrypt-original-8-years-old-330956 ) which is currently traded at all-time lows and has total 43 million coins mined? At 1 Satoshi I'll buy all mined coins for only 0.43 BTC total (yes, I will) so what will you do afterwards, while I am raping the price any way I see fit and others are jumping on it based on extreme possible gains? How exactly you think to prevent me from totaly controling the market if I own all mined coins? But more important is do you realy know I won't be doing anything useful with PXC if all that happens? In case you haven't noticed, almost everyone who had any sort of innovative idea did not join Bitcoin but went their own way with their own coin or acquired a controling stake in some existing coin then launched whatever they had to offer. Or they are working on it.

Many of you are clearly not thinking or know enough.
sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
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?
This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.

The downside risk is they go to zero, which is the same risk as bitcoin.   But the upside potential of altcoins is much bigger than BTC because they have a long way to grow still.

Are you retarded? 
legendary
Activity: 3556
Merit: 7011
Top Crypto Casino
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?
This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.
hero member
Activity: 651
Merit: 518
Bitcoin is the longest (I think) running blockchain...I think of it as basically production software that's been running flawlessly for almost 7 years, it has not been shut down, or broken and is being used to transfer value.

Before putting more money into Bitcoin you realy should read about it's past. There were many serious issues, from someone creating almost unlimited amount of BTC to unintended hard-forks and BTC lost because official wallet had no password, at all. And lately there was massive debate (still on-going, not sure) about block size and few other aspects so you can not realy speak about stable cruising. There are also four (4) competing implementations of basic wallet, all hoping to get attention and adoption by miners and users and thus shift Bitcoin the route they want which you might not like, at all.
member
Activity: 179
Merit: 27
Bitcoin is the longest (I think) running blockchain...I think of it as basically production software that's been running flawlessly for almost 7 years, it has not been shut down, or broken and is being used to transfer value.

Buying altcoins is a great way to diversify your portfolio if you're a trader, but for me...I just bought into the blockchains that were running the longest.

BTC, LTC, FTC - All the dev teams are active, the communities are good....ETH also seems like an interesting buy since it's doing stuff with Microsoft...but that's about it.

I'm also a hobbyist miner from the early days, so I mined BTC with some GPU rigs, then used them for LTC, and now using them for FTC. 

Bitcoins supply halves in roughly 6 months

Feathercoins supply halves in roughly 1.5 years..

Litecoins supply halves in roughly 3.8 years <- Wait for that one... :-)


Just my 2 sats

hero member
Activity: 651
Merit: 518
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.
member
Activity: 145
Merit: 10
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.
I think my argument is very strong actually. Altcoins are worst than penny stock.

In my opinion, most alt coins are not even worth it at all due to the fact that the most of them are just pump and dump scams. As you could see, not even Litecoin proves to be a good alt coin (it has no innovation at all and it is about to die) but among the list of alt coins that will probably survive for long term and might be profitable in the future, I think Ripple and Ethereum are the right choice. Just look at the news and see why Microsoft has been using Ripple's Interledger Protocol for his BaaS (Blockchain as a Service) and Ethereum for its Azure Platform. That can only mean one thing, and that is either Ripple or Ethereum might replace Bitcoin in the future. Just sharing my thoughts.  Roll Eyes

I remember in a conference where a trade told me: litecoin is one of the rarest coin with a direct exchange to dollars
sr. member
Activity: 281
Merit: 250
(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%

(alt) coin mining is definitely profitable and trading is profitable too...just not in the margins you are giving.
(alt) coins markets go up and down as Bitcoin goes up and down, IN FACT there is a 65% correlation between Bitcoin rises and falls and (alt) coin rises and falls.

The point I am trying to make here is that trading Bitcoin is just as profitable as trading (alt) coins, maybe even more profitable than trading (alt) coins, since Bitcoin is not as susceptible to market manipulation...because the market is so large.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
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.
I think my argument is very strong actually. Altcoins are worst than penny stock.

In my opinion, most alt coins are not even worth it at all due to the fact that the most of them are just pump and dump scams. As you could see, not even Litecoin proves to be a good alt coin (it has no innovation at all and it is about to die) but among the list of alt coins that will probably survive for long term and might be profitable in the future, I think Ripple and Ethereum are the right choice. Just look at the news and see why Microsoft has been using Ripple's Interledger Protocol for his BaaS (Blockchain as a Service) and Ethereum for its Azure Platform. That can only mean one thing, and that is either Ripple or Ethereum might replace Bitcoin in the future. Just sharing my thoughts.  Roll Eyes
hero member
Activity: 770
Merit: 509
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.
legendary
Activity: 3512
Merit: 4557
Bitcoin is much bigger, better and more secure than all other shit-coins out there.

It is just bigger than altcoins, not more secure and definitely not better.

You need to recalculate why BTC value is worth $450.

The blockchain is more powerfull than the best 500 supercomputers in the world, that (increasing) hashing power is impressive security.

Satoshi knew there will be tons of other coins, so he/they made the most balanced one. It doesn't matter if xx-coin is a few secs faster.

People only talk mostly about Ether/Litecoin and Monero. Litecoin will being used as a hedge, Ether for smart contracts and Monero maybe as a 2e alternative but those coins will never beat BTC as nr.1.

You can play with those if you want but put most of youre invested money in BTC. And if BTC goes down the drain, alt-coins will follow.



sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
The next safest coin after bitcoin is probably ETH. They seem to be making good progress with services and ecosystem.  And the coin is only 6 months old.
hero member
Activity: 651
Merit: 518
Try telling that to someone who lost money on Paycoin or Cloak. Majority of altcoins are pump and dumps designed to profit the developer.

Many people lost a lot of money (or all the money) on Bitcoin or whatever else. Satoshi Nakamoto is still by far the richest Bitcoiner, owning possibly over 1 million BTC. What was your point, realy?

Either buy and hold or learn to trade.  

Learn to trade before any buy and hold, Bitcoin or whatever else.
legendary
Activity: 1806
Merit: 1164
Try telling that to someone who lost money on Paycoin or Cloak. Majority of altcoins are pump and dumps designed to profit the developer. A very few, like litecoin and Monero are useful. I think you can make more money concentrating on bitcoin. Either buy and hold or learn to trade. 
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