Topic: What % of your Crypto Portfolio is BTC? (Read 2235 times)
I think that a lot of businesses will see that accepting LTC is a great way to reach out to the alt community and bring in more customers (its not like there are that many bit coiners out there buying crap with bitcoins, it wouldn't hurt to expand). we have seen the phenomonen begin already, atlantis accepted LTC to get silk road users, bitfinex just started, a "litpay" is coming out, etc. news reporters will also wanna bring some actual news on the next crypto coin report, more people are gonna want to jump on the crypto train, and the exchanges are gonna start taking advantage of this (if not mtgox than someone else). Basically theres to much money in it for business for LTC not to succeed, personally if i were to start a BTC business today I would incorporate LTC just to get the alt communities support
Everyone who has LTC thinks it's magically going to skyrocket once it hits MtGox.
+1
Call me small minded but I deal exclusively in BTC, other alt-cryptocurrencies just seem like a collection of microcosms to me.
I agree, I think the ltc bubble is over. Especially now that so many people are mining it.
LOL
Everyone who has LTC thinks it's magically going to skyrocket once it hits MtGox.
+1
Call me small minded but I deal exclusively in BTC, other alt-cryptocurrencies just seem like a collection of microcosms to me.
I agree, I think the ltc bubble is over. Especially now that so many people are mining it.
The switch to ASICs is fascinating because it's a dedicated purchase for that application specific reason. Bitcoin got to where it is today partly because of how it was mined - on hardware that people either had, or could purchase and use for gaming, or could re-sell for a different purpose. ASICs have none of these qualities.
I would not discount LTC at all because so many people are (and will be able to continue) mining it. If anything, I think this will give it more legitimacy in the future. This doesn't necessarily mean a direct increase in value, but certainly indirectly over time helping it maintain relevance while infrastructure has time and room to grow.
Plenty of people have plenty of funds invested in GPU mining rigs right now. Some will sell, but there are enough with vested interest that the market can probably find legs of it's own. Obviously it won't ever "rival" Bitcoin, but there's certainly room for more than one.
Nothing but BTC in my stack.. (small).
I get the urge to jump on some up start coin hoping that the price jumps from <1 cent to multiple dollars but I am not convinced the market can handle more than 1 maybe 2 >$1 coins.. JMO
I get the urge to jump on some up start coin hoping that the price jumps from <1 cent to multiple dollars but I am not convinced the market can handle more than 1 maybe 2 >$1 coins.. JMO
I thought about other altcoins but I always come back to the fact that bitcoin pretty much nailed it the first time round. Technically its an amazingly "first stab" at something so fiendishly difficult. It ticks all the "need" boxes and people argue alot about the other stuff (whether anonymity is necessary (or bad) for example)
When you start looking at altcoins, you realize there is noting to stop them from proliferating, there are new ones springing up in bedrooms all the time, technology always makes things, even virtual "money", cheaper to make, so that's when you know they aren't worth investing in. Most will just be ways for geeks to use their spare gpu's no longer any use for bitcoin mining.
Altcoins will only succeed if:
a) bitcoin is found to have some fundamental flaw (unlikely since it hasn't been found yet)
b) err... .can't think of a (b). Perhaps the US government launching its own altcoin
If bitcoin goes down in flames because of government interference, no other current altcoin will jump up saying "I can succeed where bitcoin failed". Its bitcoin or nothing.
When you start looking at altcoins, you realize there is noting to stop them from proliferating, there are new ones springing up in bedrooms all the time, technology always makes things, even virtual "money", cheaper to make, so that's when you know they aren't worth investing in. Most will just be ways for geeks to use their spare gpu's no longer any use for bitcoin mining.
Altcoins will only succeed if:
a) bitcoin is found to have some fundamental flaw (unlikely since it hasn't been found yet)
b) err... .can't think of a (b). Perhaps the US government launching its own altcoin
If bitcoin goes down in flames because of government interference, no other current altcoin will jump up saying "I can succeed where bitcoin failed". Its bitcoin or nothing.
Everyone who has LTC thinks it's magically going to skyrocket once it hits MtGox.
+1
Call me small minded but I deal exclusively in BTC, other alt-cryptocurrencies just seem like a collection of microcosms to me.
I agree, I think the ltc bubble is over. Especially now that so many people are mining it.
I can't be borthered to check the percentage but I have more LTCs because I use an NVidia card to mine.
I also have some PPCs because it's a fixed income source -- I want to see them generate interest (PoS)
I don't care about exchange rate fluxtuation. The coins are toys to me.
I also have some PPCs because it's a fixed income source -- I want to see them generate interest (PoS)
I don't care about exchange rate fluxtuation. The coins are toys to me.
80% bitcoin , 20% litecoins , i have and some altcoins mostly from giveaways donations etc.
99% BTC. There's an argument to be made for 1-3 alts taking 10%, but I'll let the maniacs sort out the winners of that natural selection/chaotic process. If Ripple ever open sources, expect XRP to immediately drop in value as all the haters (mayb 75%+ of everyone here) jump on the community fork. Can't imagine what people are thinking investing in XRP at this stage (esp. valuing Ripple > BTC).
A community fork would prove disastrous. It's just not worth it.
99% BTC. There's an argument to be made for 1-3 alts taking 10%, but I'll let the maniacs sort out the winners of that natural selection/chaotic process. If Ripple ever open sources, expect XRP to immediately drop in value as all the haters (mayb 75%+ of everyone here) jump on the community fork. Can't imagine what people are thinking investing in XRP at this stage (esp. valuing Ripple > BTC).
I considered buying litecoins but I'm afraid it is a very slow bubble that will pop, and I'm not sure when that will happen.
Bitcoin - %7.17
Litecoin - %62.66
Namecoin - %2.88
PPCoin - %1.11
Feathercoin - %6.84
ChinaCoin - %3.71
Yacoin - %1.85
Cash - %13.77
I know exactly because my website tells me
Litecoin - %62.66
Namecoin - %2.88
PPCoin - %1.11
Feathercoin - %6.84
ChinaCoin - %3.71
Yacoin - %1.85
Cash - %13.77
I know exactly because my website tells me
Everyone who has LTC thinks it's magically going to skyrocket once it hits MtGox.
Wanna bet?
Id give 2-1 odds that LTC doubles in value within a month of hitting Gox.
Everyone who has LTC thinks it's magically going to skyrocket once it hits MtGox.
And that's precisely why it won't.
Everyone who has LTC thinks it's magically going to skyrocket once it hits MtGox.
+1
Call me small minded but I deal exclusively in BTC, other alt-cryptocurrencies just seem like a collection of microcosms to me.
Everyone who has LTC thinks it's magically going to skyrocket once it hits MtGox.
I used to have some litecoins but now I realized it is basically gambling. Litecoins will gain in value until the one day people realize they are not really better than Bitcoin in any important way, a big holder will sell, and the entire thing will crash to pennies.
maybe so but i got all my money in litecoin. I was gonna wait for it to hit mtgox but maybe ill just sell out now 
100% Bitcoin.
I used to have some litecoins but now I realized it is basically gambling. Litecoins will gain in value until the one day people realize they are not really better than Bitcoin in any important way, a big holder will sell, and the entire thing will crash to pennies.
"Margarine? What is that stuff? What is it for?" ~ Anthony Bourdain
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