Topic: Will there ever be another crypto boom similar to BTC in my lifetime? - page 4. (Read 6701 times)

I hope it is still early years in the crypto currency life span. 

The altcoins that do have these kinds of returns do not have that large of marketcap that would allow someone to invest $100k easily (or at all). It is very rare for an alt to have a market cap in 6 figures, and many alts do not even have a 5 figure market cap.

So someone may be able to have 100% and earn 20% on their investment but they would not be able to earn 20% on the entire 100k

Anybody can make 20-30% in a month. Not sure what your definition of rich is, but if you invest 100k and you are making 20% or 20k, you're doing very, very well...so not really sure what you are saying

There isn't a single coin out there that can outdo Bitcoin, no reason to think any existing coin can overtake Bitcoin's spot, therefore, no reason to think there will be a x1000000 whatever price explosion like Bitcoin had. You could get some cash out of alts, but not rich, unless you hit a really lucky scenareo as greatle described by poster xmasdobo.

Heard this from too many noobs, thus it must be fake. Moving on.

I talked about NXT and BTSX. If you noticed that and still claim they are copies of BTC then you must be very dumb.

These two, along with others are making BTC look obsolete. The only advantage BTC has now is market effects borne of first mover advantage.

LTC is an altcoin that is doing pretty well. There are several with market caps over 1 million USD. Supercoin is completely different than btc. they are both digital currency, but they use different technologies and they represent two completely different ideologies. As I was reading your post I was looking online at some of the trading action. Dopecoin went up 2000%, other coins up 30% and 40%, all within 24 hours of trading. To say that altcoins will all fail and have no potential (which it sounds like you are saying ) is just simply incorrect. I made 40% on my investment last month, thank about what that means. 40% in one month. No financial institution in the world can even pay anywhere close to that.

Most altcoins are all but certain to fail because of the lack of additional useful features they provide that bitcoin does not provide as well as the fact they are much less secure then bitcoin.

I don't think we will see another crypto boom in that a lot of money will flow into altcoins as they have in the past. I think the reason as much has flowed into alt coins as there has is because many people made a lot of money off of bitcoin and have been able to be careless with their money. They did little research as to how much potential altcoins have and I think that people have now realized that altcoins have zero long term value

I am just giving the OP what he wanted, but it will all come down to bitcoin hitting a new all time high.

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

Find an altcoin that you have faith in. Something that is different and in some way better than the rest. Study market trends, check out different coins, find one that is under valued and buy as much as you possibly can. This is how warren buffet made his billions in the stock market. By finding a company that was undervalued by everyone else but he saw potential in. Then he loaded up on the stock and waited.

I would suggest Supercoin or Myriadcoin. Both have a TON of potential. I have a very large amount invested in SUPERcoin. It's technology is better than all other anon coins and it is so cheap right now. Buy for 500 satoshi and eventually it could be $1 or $10 per coin. Read, read, read... talk to people, study the charts, make a decision based on the information and you'll do just fine.

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.

If bitcoin fails, I believe that there will be no other crytocoin to emerge.

There is no innovative technology in any altcoin. They just copy bitcoin and make one or more minor changes and add nothing of value.

The altcoin boom seems to be waning as alts in general are declining both in terms of bitcoin and in terms of fiat value. I would say that once the altcoin 'boom' dies down, there will be more room for bitcoin to be successful as people will be less distracted. 

  so you joined this forum in feb of 2014.  it is now  oct 2014 . coins may never jump as fast as they did.  under 10 bucks in dec of 2012 to over 240 in apr 2013 down to 90 in sept 2013 and up to 1150 in nov 2013.   now down to 370 

that is a motherfucking roller-coaster ride.  do you think I know what the will be in 1 week nope.  but I know what I can afford to lose.

So I have 20-25 coins and I can lost that and be okay with it.

Here is my guess for you to do buy a piece of a coin as often as you can.  Do not sell any until they go back to 1000 usd then sell some of them.

Never buy more then you can afford to lose

It's a piece of piss to look back now at anything that took off and wonder why you weren't in at ground level.

If you had been there since minute one the chances are exceedingly high that you would've -

mined some coins and lost or deleted them or been hacked

been ravaged by one of the countless scammy sites/ wallets/ exchanges/ 'investment' schemes

sold way, way before the price ever reached a serious high.

There may well be other opportunities in crypto land of a magnitude that's not too far off. No one knows what they'll be. If they did, they ain't gonna tell anyone else.

take it as a lesson.

btw. the lesson i talk about is:

dont spend your money on acid/lsd  

With altcoins and some luck you can do it fast. You see they chance a lot daily. You can actually do same with bitcoin and USD. price change 10% a day.

Sorry pal, no risk no reward. You've missed bitcoin now but dont despair, hopefully there will be other opportunities

My advice, find something you're good at and specialize in it. Focus 100% on that. Try and quit your crap job ASAP for something more $$$$ and quit doing drugs.

Also save money as much as you can.

Remember, get rich quick is a bad idea.