Topic: Will there ever be another crypto boom similar to BTC in my lifetime? - page 2. (Read 6701 times)
October 28, 2014, 08:00:40 AM
What makes you guys think Litecoin will explode again?
October 28, 2014, 06:18:29 AM
Okay, here is your best chance at what you want:
Step 1: slowly buy bitcoin as you have been
Step 2: wait for bitcoin to hit new all time high, which will start another bubble from media hype (the only reason is media hype, not cyprus/china/w.e)
Step 3: wait 1-2 weeks
Step 4: split some btc among 100 alts, lets say the ones ranked 20-120 by market cap, and put the rest on litecoin (litecoin should be 0.005-0.007 ltc/btc)
Step 5: when litecoin spikes, ALL the alts below market cap rank 20 will be primed to go AT LEAST X10, so get ready!!
Step 6: as the alts you own from step 4 go X10, sell and reinvest in the ones that have not / buy ones further down the rankings.
total profit: 2.5X from btc hitting ath, X10 from alts = X25, up to X50 if you can time the transition from btc to alts perfectly (ltc and nmc usually first, watch doge and darkcoin aswell this time though) and catch the major alts that go much more than X10. But you have time to think hard about this after btc hits ath and before ltc spikes.
GOOD LUCK, but this all depends on bitcoin hitting a new all time high
Track record using this strategy primarily only with ltc and btc (would have been a lot higher in november if i followed my own advice and bought alts, but idk how much i trust certain exchanges)
April 2013 bubble: X50
November 2013 bubble: X13
Step 1: slowly buy bitcoin as you have been
Step 2: wait for bitcoin to hit new all time high, which will start another bubble from media hype (the only reason is media hype, not cyprus/china/w.e)
Step 3: wait 1-2 weeks
Step 4: split some btc among 100 alts, lets say the ones ranked 20-120 by market cap, and put the rest on litecoin (litecoin should be 0.005-0.007 ltc/btc)
Step 5: when litecoin spikes, ALL the alts below market cap rank 20 will be primed to go AT LEAST X10, so get ready!!
Step 6: as the alts you own from step 4 go X10, sell and reinvest in the ones that have not / buy ones further down the rankings.
total profit: 2.5X from btc hitting ath, X10 from alts = X25, up to X50 if you can time the transition from btc to alts perfectly (ltc and nmc usually first, watch doge and darkcoin aswell this time though) and catch the major alts that go much more than X10. But you have time to think hard about this after btc hits ath and before ltc spikes.
GOOD LUCK, but this all depends on bitcoin hitting a new all time high
Track record using this strategy primarily only with ltc and btc (would have been a lot higher in november if i followed my own advice and bought alts, but idk how much i trust certain exchanges)
April 2013 bubble: X50
November 2013 bubble: X13
I like this strategy.
You think we'll need 2 week from btc bubble to ltc bubble? It's been like that?
And about buying all the altcoins just before the spike, dont you think is a good moment to buy now?
Spike order
1) Bitcoin
2 weeks
2) Litecoin / Namecoin / Dogecoin / Darkcoin
3) Top 20
4) Top 1000
October 25, 2014, 09:45:27 PM
Probably the next boom for Bitcoin will be when Trezor is bought by Sony to develop Bitcoin ICs for cameras, smartphones, and other high end appliances to timestamp automatically on the blockchain.
is a trezor worth buying now? I have read some people love it and it works great but others have issues. Should I wait until they work the bugs out?
October 25, 2014, 09:19:18 PM
Yes if bitlicence turns out to be a positive news..
October 25, 2014, 12:45:16 PM
Probably the next boom for Bitcoin will be when Trezor is bought by Sony to develop Bitcoin ICs for cameras, smartphones, and other high end appliances to timestamp automatically on the blockchain.
is a trezor worth buying now? I have read some people love it and it works great but others have issues. Should I wait until they work the bugs out?
October 25, 2014, 10:58:04 AM
Probably the next boom for Bitcoin will be when Trezor is bought by Sony to develop Bitcoin ICs for cameras, smartphones, and other high end appliances to timestamp automatically on the blockchain.
October 25, 2014, 08:59:21 AM
BTC will not failed , price will always in good range.
And other crypto is only can follow but can't match up with BTC.
And other crypto is only can follow but can't match up with BTC.
October 25, 2014, 07:36:08 AM
If BTC will fail, it will be very hard for people to trust again on alts.
It won't be a quick and one time event, it will fade slowly, with capital gradually (over the course of 2-3 years) flowing into a small number of alts with unique and prominent features. The capital flow already started by the way in 2014.
There is absolutely nothing under the radar treatening Bitcoin's position. This guy is delusional and probably trying to trigger more weak hands.
October 25, 2014, 07:08:48 AM
If BTC will fail, it will be very hard for people to trust again on alts.
It won't be a quick and one time event, it will fade slowly, with capital gradually (over the course of 2-3 years) flowing into a small number of alts with unique and prominent features. The capital flow already started by the way in 2014.
October 25, 2014, 06:30:23 AM
If BTC will fail, it will be very hard for people to trust again on alts.
It won't be a quick and one time event, it will fade slowly, with capital gradually (over the course of 2-3 years) flowing into a small number of alts with unique and prominent features. The capital flow already started by the way in 2014.
October 25, 2014, 06:28:41 AM
If BTC will fail, it will be very hard for people to trust again on alts.
October 25, 2014, 06:07:39 AM
"Will I get lucky" says OP. Remember, even if you had, it'd probably have meant some other guy somewhere else didn't get lucky to compensate. We can't all be "rich". That other guy likely needed it as much as you do.
The better option all around is to live as frugally as you can. You can live better than others on a similar salary if you manage your money differently.
Research frugal living, "mr money mustache" and co.
>Does anyone have any info on how often this happens, and how I could get to know about such a thing early on? Is there a secret IRC or forum where people discuss this?
There is no "secret forum". Your best bet is to keep your eye on bleeding edge tech, for the fun of it. It's what I did, and so I heard about Bitcoin earlier than some. (Still didn't get rich though, I was a poor recent grad).
And 95% of people who heard of Bitcoin in the early days ridiculed it and laughed at it. Probably you would have too.
(And maybe, just maybe... We are still in the early days of Bitcoin, and opportunity still awaits. Maybe you are currently participating in said "secret forum". Shh, don't tell anyone.)
Most rich people get rich from hard work, clever work, starting businesses. Don't make your future depend on winning a lottery. HODL a few BTC, and go start a business.
The better option all around is to live as frugally as you can. You can live better than others on a similar salary if you manage your money differently.
Research frugal living, "mr money mustache" and co.
>Does anyone have any info on how often this happens, and how I could get to know about such a thing early on? Is there a secret IRC or forum where people discuss this?
There is no "secret forum". Your best bet is to keep your eye on bleeding edge tech, for the fun of it. It's what I did, and so I heard about Bitcoin earlier than some. (Still didn't get rich though, I was a poor recent grad).
And 95% of people who heard of Bitcoin in the early days ridiculed it and laughed at it. Probably you would have too.
(And maybe, just maybe... We are still in the early days of Bitcoin, and opportunity still awaits. Maybe you are currently participating in said "secret forum". Shh, don't tell anyone.)
Most rich people get rich from hard work, clever work, starting businesses. Don't make your future depend on winning a lottery. HODL a few BTC, and go start a business.
October 24, 2014, 08:54:55 AM
What is gone is gone. Looking back the past and regret is just a waste a time. If you trust and believe in future of bitcoin just put some of your monthly earning into buying bitcoin.
October 24, 2014, 06:41:50 AM
Booms and busts are part of the business cycle. So even though the magnitude might differ, the cycles might repeat
October 22, 2014, 01:52:02 PM
First of all let me just say that I didn't make a penny, in fact I lost money, on Bitcoin finding out about it fairly early (in 2012 I think). It's easy to call tops and bottoms looking back, but it's a little harder doing so in real time.
I DO think that we will see higher Bitcoin prices in the future, so it might not be too late for you, but I'm going to be honest: Looking for a get rich quick scheme is a fools errand. Besides a very few lucky people, if you want to make a lot of money you are going to have to work for it.
My advice? If you make yourself the best employee you can be I seriously doubt that you will get stuck in that kind of job your whole life.
Life isn't easy, just like everyone else, including me, you'll have to earn your keep.
I DO think that we will see higher Bitcoin prices in the future, so it might not be too late for you, but I'm going to be honest: Looking for a get rich quick scheme is a fools errand. Besides a very few lucky people, if you want to make a lot of money you are going to have to work for it.
My advice? If you make yourself the best employee you can be I seriously doubt that you will get stuck in that kind of job your whole life.
Life isn't easy, just like everyone else, including me, you'll have to earn your keep.
October 22, 2014, 01:31:35 PM
I know that feel OP. The truth of the matter here is IT'S ALL LUCK. People will not deal with this, specially these that were lucky enough to benefit big time from the ridiculous BTC gains. You have to be at the right moment, at the right time, doing the right thing. Most people that became millonaires off this were just mining Bitcoin for shits and giggles or investing in it just "coz its cool" (like huge cryptology nerds and whanot, like that guy that bought a penthouse by selling a part of his BTC, he was just a kid that thought it was cool and bought them, forgot about them, then cashed out while freaking out trying to remember the password). That's how it rolls. No fucking one knows what can happen in very long terms. Unfortunately the odds are against us. For us to retire off the suicide-inducing ratrace that is working, we would need at least 100K per coin. Certainly unrealistic, and if it ever happens we'll probably be too fucking old to enjoy the wealth, so who cares.
The odds are also against us in terms of something having insanely high gains like Bitcoin ever again during our lifetimes. I believe Bitcoin is what's called a black swarn in financial terms, this only happens every once in a bluemoon, so we are fucked.
Now, we could get a shit ton of money off some of the shitcoins (altcoins) that sometimes pop up and blow up. Like AUR, had we invested 150$ at the right time, we would have gotten a nice piece of the cake. Or had we been part of the instamine scam of DRK at the begining, owning a lot of DRK, we would have gotten a lot of money too. Even Blackcoin gave big ass gains.
The thing with altcoins is, the amount of gimmicks that would make a coin interesting are running out. Everyday it gets harder because someone has made it already. The PoS IPO one, the anon one, the PoW+PoS one, the "funny meme" one.. whatever. Once a coin has done it, forget about it if you didn't get in at the very early stages, and you not only need to get in early, you need to risk at least 0.5 BTC which is a shitload of money for most people (people like us). If you want to make it big with an altcoin, you have to risk big. It will never be like bitcoin where 25-50$ dollars in 2009 could have retired you 3 years later.
If you already rich, it would be so fucking easy to keep up stacking BTC, just buy 0.2-0.5 worth of BTC on new altcoins that have an interesting gimmick and wait for the gains. Once you luck out within rich status, you have to be very stupid to not keep increasing gains. The problem is when you are stuck on a rat race like us, waiting for that lucky moment with few money to buy tickets into that lottery.
As of right now, personally I own a couple BTC, couple hundred XMR and couple hundred BITS. BTC, because its BTC, XMR because it seems the only solid anon coin, and couple thousand BITS because it seems an honest team that's working on their stuff off the radar.
None of these is going to make me rich, unless something extremely lucky happens, you me or no one will get rich. Working hard to get rich requires tons of years, who cares being rich when your health is shit. We want to get rich while we still can enjoy the wealth, and the only way to do it is to search for opportunities and work with what you get which is usually wage-slavery tier income.
Good luck.
The odds are also against us in terms of something having insanely high gains like Bitcoin ever again during our lifetimes. I believe Bitcoin is what's called a black swarn in financial terms, this only happens every once in a bluemoon, so we are fucked.
Now, we could get a shit ton of money off some of the shitcoins (altcoins) that sometimes pop up and blow up. Like AUR, had we invested 150$ at the right time, we would have gotten a nice piece of the cake. Or had we been part of the instamine scam of DRK at the begining, owning a lot of DRK, we would have gotten a lot of money too. Even Blackcoin gave big ass gains.
The thing with altcoins is, the amount of gimmicks that would make a coin interesting are running out. Everyday it gets harder because someone has made it already. The PoS IPO one, the anon one, the PoW+PoS one, the "funny meme" one.. whatever. Once a coin has done it, forget about it if you didn't get in at the very early stages, and you not only need to get in early, you need to risk at least 0.5 BTC which is a shitload of money for most people (people like us). If you want to make it big with an altcoin, you have to risk big. It will never be like bitcoin where 25-50$ dollars in 2009 could have retired you 3 years later.
If you already rich, it would be so fucking easy to keep up stacking BTC, just buy 0.2-0.5 worth of BTC on new altcoins that have an interesting gimmick and wait for the gains. Once you luck out within rich status, you have to be very stupid to not keep increasing gains. The problem is when you are stuck on a rat race like us, waiting for that lucky moment with few money to buy tickets into that lottery.
As of right now, personally I own a couple BTC, couple hundred XMR and couple hundred BITS. BTC, because its BTC, XMR because it seems the only solid anon coin, and couple thousand BITS because it seems an honest team that's working on their stuff off the radar.
None of these is going to make me rich, unless something extremely lucky happens, you me or no one will get rich. Working hard to get rich requires tons of years, who cares being rich when your health is shit. We want to get rich while we still can enjoy the wealth, and the only way to do it is to search for opportunities and work with what you get which is usually wage-slavery tier income.
Good luck.
Thanks man.
I shed several tears reading this. Life is a cruel, hilarious joke it seems. All about being there at the right time and synchronicity. Fuck, might as well purchase 500$ worth of DRK and sit on it for a few years, right? Who knows?
Okay, here is your best chance at what you want:
Step 1: slowly buy bitcoin as you have been
Step 2: wait for bitcoin to hit new all time high, which will start another bubble from media hype (the only reason is media hype, not cyprus/china/w.e)
Step 3: wait 1-2 weeks
Step 4: split some btc among 100 alts, lets say the ones ranked 20-120 by market cap, and put the rest on litecoin (litecoin should be 0.005-0.007 ltc/btc)
Step 5: when litecoin spikes, ALL the alts below market cap rank 20 will be primed to go AT LEAST X10, so get ready!!
Step 6: as the alts you own from step 4 go X10, sell and reinvest in the ones that have not / buy ones further down the rankings.
total profit: 2.5X from btc hitting ath, X10 from alts = X25, up to X50 if you can time the transition from btc to alts perfectly (ltc and nmc usually first, watch doge and darkcoin aswell this time though) and catch the major alts that go much more than X10. But you have time to think hard about this after btc hits ath and before ltc spikes.
GOOD LUCK, but this all depends on bitcoin hitting a new all time high
Track record using this strategy primarily only with ltc and btc (would have been a lot higher in november if i followed my own advice and bought alts, but idk how much i trust certain exchanges)
April 2013 bubble: X50
November 2013 bubble: X13
Step 1: slowly buy bitcoin as you have been
Step 2: wait for bitcoin to hit new all time high, which will start another bubble from media hype (the only reason is media hype, not cyprus/china/w.e)
Step 3: wait 1-2 weeks
Step 4: split some btc among 100 alts, lets say the ones ranked 20-120 by market cap, and put the rest on litecoin (litecoin should be 0.005-0.007 ltc/btc)
Step 5: when litecoin spikes, ALL the alts below market cap rank 20 will be primed to go AT LEAST X10, so get ready!!
Step 6: as the alts you own from step 4 go X10, sell and reinvest in the ones that have not / buy ones further down the rankings.
total profit: 2.5X from btc hitting ath, X10 from alts = X25, up to X50 if you can time the transition from btc to alts perfectly (ltc and nmc usually first, watch doge and darkcoin aswell this time though) and catch the major alts that go much more than X10. But you have time to think hard about this after btc hits ath and before ltc spikes.
GOOD LUCK, but this all depends on bitcoin hitting a new all time high
Track record using this strategy primarily only with ltc and btc (would have been a lot higher in november if i followed my own advice and bought alts, but idk how much i trust certain exchanges)
April 2013 bubble: X50
November 2013 bubble: X13
Cheers for this. I will split profit with you and adopt pets if this works. It's actually a solid gameplan, BTC better bubble again - doesn't karma want me to adopt pets to live in a good home? I can only do so with lots of $$$/BTC
October 22, 2014, 11:37:07 AM
That will be happen when BTC can't be mined again.
Some coins who have trusted and good dev behind it , will rise and which will number one ? depend on society
Some coins who have trusted and good dev behind it , will rise and which will number one ? depend on society
October 22, 2014, 05:37:31 AM
Watch out for generation 2 coins.
Sooner or later, most coins must die to make room for one.
Sooner or later, most coins must die to make room for one.
October 21, 2014, 10:55:53 PM
Bitcoin has the potential to appreciate another 1000 times, and some altcoins, or other crypto technology could appreciate 10,000 times.....
Also, there are startups in the world, which may in the future appreciate 100,000 times.
You just need to think.
Also, there are startups in the world, which may in the future appreciate 100,000 times.
You just need to think.
Are you sure? If BTC appreciated by 1000 times, it would be worth 350,000$ a Bitcoin. Do you know how laughable that sounds? People would literally be more wealthy than the wealthiest billionaires on the planet the logic doesn't work out.
There are so many happening right now over here. NXT last year, BTSX this year amongst others. If you keep your ear to the ground you will find so many get rich coins with enough volume to make you a millionaire.
Those just sound like PnD altcoins. Where would you keep your ear to the ground? Alternate crypto forums is full of emotional shills.
[/quote]
If you continue thinking this way, for sure you're not going to be rich
October 21, 2014, 07:20:04 PM
Sorry this was it. We're all millionaires, and you're not.
i love this post 
A lot of bitcoin millionaires in end-2013 must be regretting not selling out.
There is no bitcoin millionaires, there are lots of few 1000 BTC holders, some few 10k BTC holders and few few 100k BTC holders. No millionaires.
Satoshi should be the only bitcoin millionaires.
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