Why do you choose your altcoins? | Bitcointalksearch.org

lelecoeg

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Activity: 98

Merit: 10

The network effect is extremely important and there are examples were better technologies lost to the competition because of the latter's network effect.

In addition, being the oldest running crypto-currency and with the larger market cap means that it was consistently attacked for years; it is the most battle tested and the safest in terms of technical hacking. It also has the largest processing power which means that a majority attack (51%) is not really feasible, incentive-wise.

Most altcoins (there are ~700 right now) have nothing new to offer. Some, however, do add new features. They have (maybe debatable) technological advantages over Bitcoin:

Dash and the master-node layer with their innovative governance model
Ethereum which allows complex smart contracts to be easily created
Maidsafe, NXT, BitShares, ...

It is not easy to compare one on one these coins but Bitcoin is in no way superior technically speaking (and some times it can easily be considered worse!).

Technically speaking most innovations happen in altcoins since it is both:

easier -- they don't have to support compatibility with the large infrastructure that Bitcoin has nor convince so many people for a change
and safer -- not so much money at stake

Having said that, the altcoin experimentation have greatest risks, could lead to new unexpected attacks and so on. Bitcoin learns from altcoins and can implement some of the features (some cannot without overhauling the system) in the future if they prove successful without risking much.

andohyeb

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Merit: 10

I visit coinmarketcap, find top gainers and research on them, if is project with a good track record, I invest in then.

gazilla

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Personally I analyze what that coin is supposed to back, and if I like the project as a whole (the team, whitepaper, road-map and the number of coins), as this has great impact on the long-term price of the coin.

Synaesthesia

sr. member

Activity: 546

Merit: 253

The first I researh the information about a coin myself. After choosinga a potetial coin, I will ask some experts in this forum and my friends. If they say it is ok, I will invest in it.

mpufatzis

full member

Activity: 840

Merit: 128

I like to investing in many altcoins because I think they'll grow in the future.
I read carefully about them before I buy and always try to avoid the sh__coins even if they are gainig 100% every day.
Not all the coins worth buying them, You have to by very careful.

dvabit

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Activity: 294

Merit: 22

Quote from: tomvildc on November 18, 2017, 11:35:01 PM

Why do you decide to hold your altcoins? Because of your researching about that coin or just because people on this forum said it's potential?
Another reasons?

Trust and you will get paid for reading and writing as well.

Airelves09

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Merit: 10

I will choose to include teams, technology, application feasibility, marketing and so on. At the same time, there is a strong community support.

alphacoco

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Activity: 110

Merit: 10

Quote from: twobits on November 18, 2017, 11:46:25 PM

Quote from: tomvildc on November 18, 2017, 11:35:01 PM

Why do you decide to hold your altcoins? Because of your researching about that coin or just because people on this forum said it's potential?
Another reasons?

I try to hold my altcoin because i believe that the developers will be delivered its promise. I try to hold it caused by myself and there is no intervention from another person in my personal thought about that,
But i just hold the promising investment.

I have 2 ALTs that I like what the developers are doing and I am interested in their vision and where they will take the coin. Particularly if it's aimed at the failings that bitcoin has. I have 2 others that my wife liked the look of as they have pretty logos. Hey ho. All about getting her involved I suppose.

Mini_Miner

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Activity: 228

Merit: 10

The market is mostly growing, so I keep altcoins. Also I think that bitcoin is redistributed. These are the two main reasons

rasho321

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Activity: 140

Merit: 10

Since altcoin has produced many coins and today it continues to appear many coins, i think altcoin can have a
a good future, there are altcoins that increases and being known, also these coins are the future of altcoin, the ethereum,dogecoins,neo and many coins but the best in all of those is the ethereum, because eth can put the altcoin in the level of bitcoin thats why altcoin has a good future.

Inkdatar

hero member

Activity: 1582

Merit: 523

I do hold certain altcoins when I see it has a future or there is development of the project. Usually, I always upto date if there is new about the project and developer is very active. These are the reasons why I do hold and believe worth it.

gallery2000

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Live Stars - Adult Streaming Platform

I always invested in Altcoin, only they aroused great interest for me. The BTC has just started flying to the moon. But this flight will soon go down. Keep yourself in hands)

Rodeo02

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Quote from: Ayiranorea on December 09, 2017, 10:34:41 AM

Quote from: Despacito on December 09, 2017, 10:05:06 AM

Quote from: tomvildc on November 18, 2017, 11:35:01 PM

Why do you decide to hold your altcoins? Because of your researching about that coin or just because people on this forum said it's potential?
Another reasons?

My first purchaeses were just because of the speculation and hype actions. I just bought them to earn money and I did this. Then I started to seek for real and developing project coins. Then earning money became harder.

Upon the trading perspective as well upon the possibility to earn good through altcoins preferr the same. With bitcoin profiting is promised, but it is not affordable for all levels of people. To have a diversified portfolio I keep buying and holding altcoins for long term profiting.

there is nothing wrong when choosing altcoin for my opinion i earn first in altcoin and as of now i am still earning just make sure for the coin that you are trying to choose for what and how will it be benefited for you.

Jest3r

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New technology, skilled team, active community etc.

sehoon

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Quote from: tomvildc on November 18, 2017, 11:35:01 PM

Why do you decide to hold your altcoins? Because of your researching about that coin or just because people on this forum said it's potential?
Another reasons?

Yes. What you just said is just one of the reasons why we are holding coins. We should always do research and make sure that that coin has the potential to grow in the future.

Harley0501

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Activity: 182

Merit: 100

I'm not hold all altcoin. I think, altcoin is different way to investment for short term. At the moment, i was held several altcoin.

jwrent34

member

Activity: 86

Merit: 10

A combination of both. First you need to see there is excitement on the coin, then check the dev team and pick something that should economically stand (what is their target market? Will the token/coin be used for something or is it just a currency?) people seem to neglect the last part and just ride on hope

Ayiranorea

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Quote from: Despacito on December 09, 2017, 10:05:06 AM

Quote from: tomvildc on November 18, 2017, 11:35:01 PM

Why do you decide to hold your altcoins? Because of your researching about that coin or just because people on this forum said it's potential?
Another reasons?

My first purchaeses were just because of the speculation and hype actions. I just bought them to earn money and I did this. Then I started to seek for real and developing project coins. Then earning money became harder.

Upon the trading perspective as well upon the possibility to earn good through altcoins preferr the same. With bitcoin profiting is promised, but it is not affordable for all levels of people. To have a diversified portfolio I keep buying and holding altcoins for long term profiting.

Armando

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Trading will make me rich)

Quote from: tomvildc on November 18, 2017, 11:35:01 PM

Why do you decide to hold your altcoins? Because of your researching about that coin or just because people on this forum said it's potential?
Another reasons?

If you are holding just because of some random people words - PM me, I have an investment advice Grin

Speaking seriously, it depends. Thre are some ppl who hold to hold, like Satoshi Cool

The others do it for different reasos. It's like I dunno, love, friendship and other feelings, there are no common reasons. It just happens Grin

Check the tweets about altcoins to feel me ))

Despacito

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Activity: 280

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Quote from: tomvildc on November 18, 2017, 11:35:01 PM

Why do you decide to hold your altcoins? Because of your researching about that coin or just because people on this forum said it's potential?
Another reasons?

My first purchaeses were just because of the speculation and hype actions. I just bought them to earn money and I did this. Then I started to seek for real and developing project coins. Then earning money became harder.

Topic: Why do you choose your altcoins? (Read 895 times)