@garcias Wow, thats a useful writeup. I'm saving that link for later, thanks!
Obviously, any investment has a potential to not pan out and that holds true especially for crypto currencies. However, I did pretty good on BTC-e recently. I noticed that when Bitcoin takes a hit, all the alt's are affected too. Bitcoin is essentially the reserve currency of all Alt coins since it is the easiest way to get them, so this makes sense. But often the alt currencies go down against bitcoin as well (probably because people are trying to convert them to BTC so they can cash out), so their reaction is kind of overstated.
I saw this pattern a few times and moved a good chunk of Bitcoin to BTC-E the next time it happened.
I didn't just buy everything though. My take on the Alts:
Peercoin: First to market with Proof of stake, this coin actually solves something so it could go the distance. Bought a bunch at $2~, sold it for $6~ on the rebound.
Novacoin: Secondary bet on PoS- seems like it may be more actively developed, and for some reason the market seems to value it higher. I bought some at $15, sold it at $17. Not my best performance, but it seemed to hit a price wall so I was happy to not loose any money on it.
Litecoin: If I'm long on Bitcoin, I'm kind of medium on Litecoin. On one hand, I don't think it solved any real problem with Bitcoin (because "It's hard to Mine bitcoin" isn't a real problem). On the other hand, its 2nd to market so there is value in the adoption rate. Bought at $17 sold at just below $24.
Feathercoin: I'll be honest, this one was more of a lark. Just going by what the market seemed to believe it was worth before the crash, I thought it was undervalued so I could buy a boatload. I bought at 27 cents and sold half of them at at 46 cents.
Biggest regret: Not buying Namecoin. It's stupid because I really believe in it- the possibilities for distributed DNS, messaging, etc. are awesome. But I had a over 10 from merged mining, so my brain checked out like I already had some. I could have bought it at $3 a pop and made bank selling at $6.5.
I should probably mention that I left a a little in each currency so that if it kept shooting up I could still make some money on it. Not sure that was the right call- probably would have made more if I did a full exit and just waited for the market to dip. We'll see..
Thankyou for the inpuut
And your last quote is something ive been thinking, when we see Bitcoin value over time we want to keep a little of each one maybe we get lucky on one
Wich sites do you use for deposit money and exchange for bitcoins/litecoins whatever?
I use cryptsy for save my coins but seems like they have a lot of bugs on their code and are slow