Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: tokeweed on October 16, 2015, 12:38:02 AM



Title: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 16, 2015, 12:38:02 AM
Update  January 8, 2016:

DOGE mucho breakout.








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Update  January 2, 2016:

Monero going for a breakout out of its range.









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Update December 29, 2015:

https://i.imgur.com/o7EQmxN.png

Bottom hit?  Watch NXT.  There's no breakout as of now, but t's good to put in your watchlist.










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Update November 24, 2015:  Get ready folks.  Bitcoin looks like it might go sub 300 again.  I could be wrong, but it's a good time to get ready and know what to do in case that happens.  

Some alts could see some spikes in the process.  Good luck.

***************************************************************************************************************

Bitcoin is breaking out.  Could this be it?  I don't know, but it's worth letting go some of your altcoins and trade them for BTC.

Let's see where this goes.

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Hollowman338 on October 16, 2015, 02:44:02 AM
meh


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: BARR_Official on October 16, 2015, 03:46:06 AM
Starting November 1st, it's time to let go of your altcoins and exchange them for BARR - Burning Altcoins for Redemption and Reduction.

BARR is traded on the NXT Asset Exchange, and it is the first coin to use Multi-Proof-of-Burn. 

We believe that there are too many weak altcoins on the market, so we intend to get rid of them.  We will target an altcoin for burn redemption, and we will attempt to burn so much of its supply that it cannot continue to be traded on exchanges.  We will absorb each coin's users as they redeem their illiquid coins for BARR, adding value to BARR with each round of burn redemption, and using the exchange rate as the variable difficulty for a curve of emission over time similar to PoW block reward halving.

Just as burning bitcoins makes all remaining bitcoins more valuable, burning entire altcoin networks will make all remaining cryptocurrencies more valuable.

If a coin is able to survive our burn period, then it will emerge stronger than before due to its newly-reduced supply, and we have still accomplished our goal of eliminating weak coins. 

The first burn period is November 1 to November 30, and the coins offered for burn redemption are Fractalcoin, Keycoin, and Sapience. 

Please visit barr.me for more details.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 16, 2015, 03:48:17 AM
^ Does it pay in Bitcoins?


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: BARR_Official on October 16, 2015, 03:54:51 AM
^ Does it pay in Bitcoins?


It doesn't pay dividends.  It acts as a standard cryptocurrency, having value in part because of the expense required to generate coins, and also gaining value as the difficulty rises and as the supply is spread to more people through increased adoption.

But NXT is cheap now, so you can burn your altcoins for BARR, sell them for NXT, wait for NXT to go up a little, and then sell NXT for BTC, with plenty of time left before next year's block halving and hopeful moonride to the Bitcoin lunar palace.

Or you can probably bypass the burn and redemption process - we will attempt to maintain buywalls for all accepted coins during the burn period, so that people who want to dump can dump to us on Cryptsy or Polo, and we'll burn those coins ourselves.  Then they don't have to go to the trouble of exchanging for BARR and then dumping that.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Blazed on October 16, 2015, 04:04:39 AM
Alts are fun to play with and invest little amounts into. I think you would be crazy to not mainly hold BTC to begin with, though. I would never even consider having more than 5% of my crypto holdings in any alt besides maybe LTC.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Monero
Post by: americanpegasus on October 16, 2015, 07:39:13 AM
You mean Monero.     ;) 
 
ftfy


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Este Nuno on October 16, 2015, 09:35:24 AM
Why sell alts for BTC when they're already priced in BTC? All else being equal any gains you make on BTC are already included.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: monsterer on October 16, 2015, 09:58:00 AM
having value in part because of the expense required to generate coins, and also gaining value as the difficulty rises and as the supply is spread to more people through increased adoption.

Being expensive to produce doesn't give something value; this is only half of the value equation - you need demand to give something value, without that, it's worthless no matter how much it cost to produce.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: r0ach on October 16, 2015, 10:02:26 AM
Why sell alts for BTC when they're already priced in BTC? All else being equal any gains you make on BTC are already included.

If Bitcoin went from $250 to $10,000 tomorrow, would you keep your alts or sell all of them for BTC.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: gnargnar on October 16, 2015, 01:08:52 PM
Why sell alts for BTC when they're already priced in BTC? All else being equal any gains you make on BTC are already included.

If Bitcoin went from $250 to $10,000 tomorrow, would you keep your alts or sell all of them for BTC.

i'm sure 99% will sell alts -> btc -> fiat and cash out to never look back. simply because most was dragged in crypto for the "get rich quick" dream.
and based on this simple fact (cashing out and gtfo), it's impossible that bitcoin raise that much in value.
simply by suggesting a $250 to $10k (lol) sustains the downward spiral mentality.
keep dreaming


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: reRaise on October 16, 2015, 01:11:42 PM
btc went up because dollar got weaker, not because btc got stronger. Other currencies against the dollar went up aswell, so its not just btc.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: solid12345 on October 16, 2015, 03:37:25 PM
Why sell alts for BTC when they're already priced in BTC? All else being equal any gains you make on BTC are already included.

If Bitcoin went from $250 to $10,000 tomorrow, would you keep your alts or sell all of them for BTC.

Would you keep your BTC or sell it for fiat :p

Anyway the last Bitcoin bubble was also a boom for alts, the fact is there is alot of people who missed the BTC train or like to gamble with their wealth and alts are a large secondary market for those hoping to make big money. The good thing is with alot less shitcoins now being pumped out, the good alts should hopefully rise WITH the next Bitcoin bubble.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: jwinterm on October 16, 2015, 03:44:08 PM
btc went up because dollar got weaker, not because btc got stronger. Other currencies against the dollar went up aswell, so its not just btc.

This is may be a very small part of the reason, but not even close to explaining the recent price increase. BTC is up 10-20% in the last month. The USD/EUR or GBP or yuan hasn't changed nearly that much, and also, BTC is up versus those currencies as well, by approximately the same amount, 10-20%.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 16, 2015, 04:06:49 PM
btc went up because dollar got weaker, not because btc got stronger. Other currencies against the dollar went up aswell, so its not just btc.

Sure.  But that's not the important bit.  What you should be asking yourself is what are you gonna do about it?


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Este Nuno on October 16, 2015, 04:37:51 PM
Why sell alts for BTC when they're already priced in BTC? All else being equal any gains you make on BTC are already included.

If Bitcoin went from $250 to $10,000 tomorrow, would you keep your alts or sell all of them for BTC.

I see what you're saying. Last time though alts did really well so even with increased sell pressure from people wanting to cash some alts in to BTC to sell for fiat, the amount of new money coming in to BTC in an event like that can lead some people in to leveraging their positions by getting in to alts.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 17, 2015, 10:42:26 AM
Bump.

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: BARR_Official on October 17, 2015, 01:54:34 PM
having value in part because of the expense required to generate coins, and also gaining value as the difficulty rises and as the supply is spread to more people through increased adoption.

Being expensive to produce doesn't give something value; this is only half of the value equation - you need demand to give something value, without that, it's worthless no matter how much it cost to produce.


We're exchanging BARR for altcoins that already don't have much demand, but we're also serving a purpose for the crypto community to strengthen the overall markets.  So there will be additional demand for BARR because buying BARR helps to destroy altcoins.

But demand isn't linear;  if we absorb 100 altcoins which each had an average of 10 active users, we will have gained up to 1000 active users of BARR.  But 1000 users of one coin will create a much higher demand than the combined demand for 100 separate coins. 


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Nxtblg on October 17, 2015, 02:19:51 PM
Bitcoin is breaking out.  Could this be it?  I don't know, but it's worth letting go some of your altcoins and trade them for BTC.

Let's see where this goes.

Jeez...and here I was, hoping that the big BTC would stay sub-$240 so I could snap up some more 'round Halloween to - buy more altcoins.

For the gen-2 cryptos, it's been a hellish market. Nxt has been pummeled to below 2700 satoshis, Bitshares has been whacked to below 1500 (!) and HZ keeps getting whomped back to the 30s when it picks up some traction.

Etherium is on a long slide downhill - which I actually expected (damn, that would have been a great short!) BURST just put in a rally (?) by jumping to 19 (!!) 

Factom is trading below its ICO price. The once legendary/notorious Blackcoin is now below 10,000 satoshis. GEMZ is languishing below 6000, only a little bit above its best early-bird ICO price of 5000, and Monero is below 0.0016. Heck, even the mighty DOGE is down to 43. There are some gainers, but they're few and far between. As a result of its questionable but popular pump in June/July, Litecoin is languishing but well in its normal historical range: it's almost at 0.0115.

I tell ya, bear markets are really humbling. There I was ~ two months ago, convinced that the altcoin bear market was over. As is classically the case, I caught the falling knife. To think at the end of January of last year, I was convinced - with my own bread - that Nxt was a good buy at a dime per. Now, it's less than 3/4 of a cent per. I remember blithely assuring people that Nxt at below 5000 satoshis was a good buy. Now, it's hit a low that it hasn't seen since December 16th, 2013: three weeks after it went live.

With all that carnage, though, I haven't lost hope. What we're seeing is classic post-bubble action: an imploded bubble "poisons" the entire sector for a long time. Those of us who got in at the top of the bubble are like those who got into real estate in '06 only to see their magical beans wilt in the increasingly dry and fallow ground. All I can say is, I'm damn glad that this market is essentially a cash-only market (at least, it has been until very recently.) There've been lots of ways to go broke, but there haven't been any ways to go bankrupt. Not unless you brought in fiat that you borrowed from the fiat world...

Times like this are a grueling quasi-Darwinian process that get rid of the get-rich-quick crowd except for the ones who get toughened into real cryptocurreny believers. From this vantage point, the altcoin movement is much smaller but also stronger. The ones who get through this dark post-bubble phase will be in it for the distance.

If it's a help - and I know I'm reasoning by analogy here - there's an old rule of thumb in the gold-stock market that makes for a buck-up in these toughening times. Here it is: when gold itself recovers, the first gold stocks to spurt up are the senior producers: the ones that produce a lot of gold, are in the major gold-stock indices, pay dividends at least semi-regularly, and so on. The others languish.

But as gold continues to recover, and the seniors have barreled up from depressed levels to more-or-less normal levels, the next ones to rally are the junior producers: the smaller companies that don't have the recognition from membership in the indices but do have producing mines and real revenues. The exploration companies still languish. The ones who announce great sampling results (typically from drilled rock tubes - "core" - from an area that the geologists consider to be viable pay rock), results good enough to make the punters go manic in good times, release those results and the market yawns.

Until...sentiment turns, in a process so subtle it might as well be chalked up to the Fates. One exploration company releases a spectacular result that, instead of inducing yawns, makes the punters go bonkers. It's at this sweet spot when those legendary legends about huge gainers are oft-born.

We're not at this point yet. To the extent that the gold-exploration analogy is valid, we might (!) be in the stage where "gold" - the big BTC - is recovering but the "stocks" haven't. Certainly not the "exploration stocks." Right now, to shift the analogy back to real estate, we're like residential-real-estate speculators as of 2010. The market is still frowned on and still has a taint. What remains of the bubble is still slowly imploding despite pockets of hope here and there. The bear keeps gnawing.

The only advantage in these times comes with staying the distance and toughening up. To continue with the real-estate analogy, the long stretch of "no-hope" gives us time to learn how to "renovate" - i.e., grow the ecosystem over a long-term basis. When you've been gnawed at to the point where a promise of a quick gain only makes you laugh bitterly, the perceived opportunity cost of long-term action is far less than in the boom-town times. In times like these, there's no point in squirreling around for the Next Big Fad. We can think long-term again.

I can't think of a better example in the gen-2 world than the dev team & fan base of Qora. Even though it's languishing at 10, the Qora folks are keeping the faith and adding new features to it. Right now the tie between features and mainstreamy benefits are obscure - as is the case with almost all altcoins - but they're still keeping the faith and doughtily working away. I don't own any QORA, but I'd like to. 

Damn...I really hope that Bitcoin's recent jump proves to be yet another sucker rally...I need to buy more in a couplea weeks. (sigh)   


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Nxtblg on October 17, 2015, 02:22:50 PM
Starting November 1st, it's time to let go of your altcoins and exchange them for BARR - Burning Altcoins for Redemption and Reduction.

BARR is traded on the NXT Asset Exchange, and it is the first coin to use Multi-Proof-of-Burn. 

We believe that there are too many weak altcoins on the market, so we intend to get rid of them.  We will target an altcoin for burn redemption, and we will attempt to burn so much of its supply that it cannot continue to be traded on exchanges.  We will absorb each coin's users as they redeem their illiquid coins for BARR, adding value to BARR with each round of burn redemption, and using the exchange rate as the variable difficulty for a curve of emission over time similar to PoW block reward halving.

Just as burning bitcoins makes all remaining bitcoins more valuable, burning entire altcoin networks will make all remaining cryptocurrencies more valuable.

If a coin is able to survive our burn period, then it will emerge stronger than before due to its newly-reduced supply, and we have still accomplished our goal of eliminating weak coins. 

The first burn period is November 1 to November 30, and the coins offered for burn redemption are Fractalcoin, Keycoin, and Sapience. 

Please visit barr.me for more details.

Wow...you're doing what NEXUS (originally CoinShield) set out to do more than a year ago, only you're up and running. I'll tell y'all one thing: burning wrecked alts through the Nxt AE does save ya from more than a year of tough programming work.  :D


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 17, 2015, 02:28:21 PM
Bitcoin is breaking out.  Could this be it?  I don't know, but it's worth letting go some of your altcoins and trade them for BTC.

Let's see where this goes.

Jeez...and here I was, hoping that the big BTC would stay sub-$240 so I could snap up some more 'round Halloween to - buy more altcoins.

For the gen-2 cryptos, it's been a hellish market. Nxt has been pummeled to below 2700 satoshis, Bitshares has been whacked to below 1500 (!) and HZ keeps getting whomped back to the 30s when it picks up some traction.

Etherium is on a long slide downhill - which I actually expected (damn, that would have been a great short!) BURST just put in a rally (?) by jumping to 19 (!!) 

Factom is trading below its ICO price. The once legendary/notorious Blackcoin is now below 10,000 satoshis. GEMZ is languishing below 6000, only a little bit above its best early-bird ICO price of 5000, and Monero is below 0.0016. Heck, even the mighty DOGE is down to 43. There are some gainers, but they're few and far between. As a result of its questionable but popular pump in June/July, Litecoin is languishing but well in its normal historical range: it's almost at 0.0115.

I tell ya, bear markets are really humbling. There I was ~ two months ago, convinced that the altcoin bear market was over. As is classically the case, I caught the falling knife. To think at the end of January of last year, I was convinced - with my own bread - that Nxt was a good buy at a dime per. Now, it's less than 3/4 of a cent per. I remember blithely assuring people that Nxt at below 5000 satoshis was a good buy. Now, it's hit a low that it hasn't seen since December 16th, 2013: three weeks after it went live.

With all that carnage, though, I haven't lost hope. What we're seeing is classic post-bubble action: an imploded bubble "poisons" the entire sector for a long time. Those of us who got in at the top of the bubble are like those who got into real estate in '06 only to see their magical beans wilt in the increasingly dry and fallow ground. All I can say is, I'm damn glad that this market is essentially a cash-only market (at least, it has been until very recently.) There've been lots of ways to go broke, but there haven't been any ways to go bankrupt. Not unless you brought in fiat that you borrowed from the fiat world...

Times like this are a grueling quasi-Darwinian process that get rid of the get-rich-quick crowd except for the ones who get toughened into real cryptocurreny believers. From this vantage point, the altcoin movement is much smaller but also stronger. The ones who get through this dark post-bubble phase will be in it for the distance.

If it's a help - and I know I'm reasoning by analogy here - there's an old rule of thumb in the gold-stock market that makes for a buck-up in these toughening times. Here it is: when gold itself recovers, the first gold stocks to spurt up are the senior producers: the ones that produce a lot of gold, are in the major gold-stock indices, pay dividends at least semi-regularly, and so on. The others languish.

But as gold continues to recover, and the seniors have barreled up from depressed levels to more-or-less normal levels, the next ones to rally are the junior producers: the smaller companies that don't have the recognition from membership in the indices but do have producing mines and real revenues. The exploration companies still languish. The ones who announce great sampling results (typically from drilled rock tubes - "core" - from an area that the geologists consider to be viable pay rock), results good enough to make the punters go manic in good times, release those results and the market yawns.

Until...sentiment turns, in a process so subtle it might as well be chalked up to the Fates. One exploration company releases a spectacular result that, instead of inducing yawns, makes the punters go bonkers. It's at this sweet spot when those legendary legends about huge gainers are oft-born.

We're not at this point yet. To the extent that the gold-exploration analogy is valid, we might (!) be in the stage where "gold" - the big BTC - is recovering but the "stocks" haven't. Certainly not the "exploration stocks." Right now, to shift the analogy back to real estate, we're like residential-real-estate speculators as of 2010. The market is still frowned on and still has a taint. What remains of the bubble is still slowly imploding despite pockets of hope here and there. The bear keeps gnawing.

The only advantage in these times comes with staying the distance and toughening up. To continue with the real-estate analogy, the long stretch of "no-hope" gives us time to learn how to "renovate" - i.e., grow the ecosystem over a long-term basis. When you've been gnawed at to the point where a promise of a quick gain only makes you laugh bitterly, the perceived opportunity cost of long-term action is far less than in the boom-town times. In times like these, there's no point in squirreling around for the Next Big Fad. We can think long-term again.

I can't think of a better example in the gen-2 world than the dev team & fan base of Qora. Even though it's languishing at 10, the Qora folks are keeping the faith and adding new features to it. Right now the tie between features and mainstreamy benefits are obscure - as is the case with almost all altcoins - but they're still keeping the faith and doughtily working away. I don't own any QORA, but I'd like to. 

Damn...I really hope that Bitcoin's recent jump proves to be yet another sucker rally...I need to buy more in a couplea weeks. (sigh)   

Actually, we think this might peak around 300 - 320 (again).  But who knows.  No can really predict the market.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Nxtblg on October 17, 2015, 02:43:33 PM
Why sell alts for BTC when they're already priced in BTC? All else being equal any gains you make on BTC are already included.

If Bitcoin went from $250 to $10,000 tomorrow, would you keep your alts or sell all of them for BTC.

Dunno...I would in a sense. My dreams of riches have turned into dreams of using riches to grow the crypto-economy. Like, buying a profitable business and adding a crypto payment system. Along with the inevitable brochures, of course. ;)

When my dreams-of-riches become particularly manic ::) , I fantasize about owning several businesses and offering partnerships with college-age folks in the hopes of grooming them into the (majority)owner-managers so I can do the serial-entrepreneur thang: buying up businesses and refitting them to act as "auto-pilot" evangelizers for crypto. Had I been dumb-lucky enough to be one of those insta-millionaires, I would have seriously looked into buying a profitable high-volume gas station and foisting all the crypto-related promo gimmicks I could think of onto the steady stream of customers.

But to be quite frank, I would not cash out completely until crypto enters into a bubble the size and scope of the Internet bubble as of the close of the '90s. Not until then.

Lord knows, we're a long, long way away from that scale of mania...

And as for me in the real world, I'm scrapin' along on broke. Like any would-be entrepreneur in the real world, I have to start nano-scale small.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 17, 2015, 02:50:45 PM
^ Haha.  I feel you bro.  I had dreams of retiring and being wealthy as fuck around 40.  Still a long way to go but the dream is slowly dying as well.  But trading crypto is fun and a worthwhile hobby.  And trading is a good skill to learn overall.

At least I get to earn a little extra from time to time for little things like drinks, some small stakes gambling and what not.  The big dreams are slowly going away...  

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: alt19 on October 17, 2015, 03:15:26 PM
Starting November 1st, it's time to let go of your altcoins and exchange them for BARR - Burning Altcoins for Redemption and Reduction.

BARR is traded on the NXT Asset Exchange, and it is the first coin to use Multi-Proof-of-Burn. 

We believe that there are too many weak altcoins on the market, so we intend to get rid of them.  We will target an altcoin for burn redemption, and we will attempt to burn so much of its supply that it cannot continue to be traded on exchanges.  We will absorb each coin's users as they redeem their illiquid coins for BARR, adding value to BARR with each round of burn redemption, and using the exchange rate as the variable difficulty for a curve of emission over time similar to PoW block reward halving.

Just as burning bitcoins makes all remaining bitcoins more valuable, burning entire altcoin networks will make all remaining cryptocurrencies more valuable.

If a coin is able to survive our burn period, then it will emerge stronger than before due to its newly-reduced supply, and we have still accomplished our goal of eliminating weak coins. 

The first burn period is November 1 to November 30, and the coins offered for burn redemption are Fractalcoin, Keycoin, and Sapience. 

Please visit barr.me for more details.



Wow...you're doing what NEXUS (originally CoinShield) set out to do more than a year ago, only you're up and running. I'll tell y'all one thing: burning wrecked alts through the Nxt AE does save ya from more than a year of tough programming work.  :D

Rimbit is hunting for inactive old collectables, too.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: BARR_Official on October 17, 2015, 04:23:34 PM
Starting November 1st, it's time to let go of your altcoins and exchange them for BARR - Burning Altcoins for Redemption and Reduction.

BARR is traded on the NXT Asset Exchange, and it is the first coin to use Multi-Proof-of-Burn. 

We believe that there are too many weak altcoins on the market, so we intend to get rid of them.  We will target an altcoin for burn redemption, and we will attempt to burn so much of its supply that it cannot continue to be traded on exchanges.  We will absorb each coin's users as they redeem their illiquid coins for BARR, adding value to BARR with each round of burn redemption, and using the exchange rate as the variable difficulty for a curve of emission over time similar to PoW block reward halving.

Just as burning bitcoins makes all remaining bitcoins more valuable, burning entire altcoin networks will make all remaining cryptocurrencies more valuable.

If a coin is able to survive our burn period, then it will emerge stronger than before due to its newly-reduced supply, and we have still accomplished our goal of eliminating weak coins. 

The first burn period is November 1 to November 30, and the coins offered for burn redemption are Fractalcoin, Keycoin, and Sapience. 

Please visit barr.me for more details.

Wow...you're doing what NEXUS (originally CoinShield) set out to do more than a year ago, only you're up and running. I'll tell y'all one thing: burning wrecked alts through the Nxt AE does save ya from more than a year of tough programming work.  :D


Yeah, we're trying to keep it as simple as possible.  We're not selling any funds for the launch, no premine or ICO, so we're using the options that don't require hiring programmers or a lot of resources.  Since all the development and maintenance is done by us on a volunteer basis, we'll be able to continue operating indefinitely with no costs except our own time.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: maokoto on October 17, 2015, 08:15:56 PM
Well, will do just as you say, but not because I really believe in charts, but because it is likely that quite a lot of people trust you and start to buy, taking the price up.

Thanks!


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 18, 2015, 12:22:22 AM
Well, will do just as you say, but not because I really believe in charts, but because it is likely that quite a lot of people trust you and start to buy, taking the price up.

Thanks!

Don't say that.  It could go the other way, you know...  And a correction is coming anytime now.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Spoetnik on October 18, 2015, 01:03:45 AM
I like your post OP but unless BTC goes on the American stock exchanges i don't see it really going anywhere price wise.
But still ..not bad advice  ;)


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: bones261 on October 18, 2015, 02:34:18 AM
I initially found this advise somewhat off putting since I see myself as a big fan of alts. However, if I were to convert all of the alts that I hold currently, I might be able to get .02 BTC.  I guess that I'm not really that much of a fan for alts.  :D


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 18, 2015, 04:12:24 AM
I initially found this advise somewhat off putting since I see myself as a big fan of alts. However, if I were to convert all of the alts that I hold currently, I might be able to get .02 BTC.  I guess that I'm not really that much of a fan for alts.  :D

It's not about bein a fan or not.  It's about whether the money is coming back to the markets again.  With all the scams and P&D's people are either broke or scared.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Spoetnik on October 18, 2015, 10:28:58 AM
I initially found this advise somewhat off putting since I see myself as a big fan of alts. However, if I were to convert all of the alts that I hold currently, I might be able to get .02 BTC.  I guess that I'm not really that much of a fan for alts.  :D

It's not about bein a fan or not.  It's about whether the money is coming back to the markets again.  With all the scams and P&D's people are either broke or scared.

A good example of how things played out is i was typing here and i have a buddy who is almost 50
and i told him i was into Bitcoin before and he said oh yeah i heard of that.. *years ago.
he thought Bitcoin was gone now and said he just never heard anything more about it so he figured it was gone now.
that sums it up nicely i think..


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: DASHfaucet on October 18, 2015, 04:10:38 PM
I will stay with Altcoins. Bitcoin will strengthens and alts will follow him. It's only a matter of time.  :)


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 18, 2015, 04:53:11 PM
I will stay with Altcoins. Bitcoin will strengthens and alts will follow him. It's only a matter of time.  :)

Yes you are correct.  Please advice everyne to buy and hold.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Spoetnik on October 18, 2015, 09:14:27 PM
I will stay with Altcoins. Bitcoin will strengthens and alts will follow him. It's only a matter of time.  :)

That is just dumb and based on *almost nothing really.
yeah if BTC went to a grand a coin ALT's would go up in value somewhat but it proves nothing though.
I have heard that plenty and it's as dumb now as ever.

If that is what you guys are clinging to around here i wouldn't hold your breath LOL


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: DASHfaucet on October 19, 2015, 12:13:54 AM
I will stay with Altcoins. Bitcoin will strengthens and alts will follow him. It's only a matter of time.  :)

That is just dumb and based on *almost nothing really.
yeah if BTC went to a grand a coin ALT's would go up in value somewhat but it proves nothing though.
I have heard that plenty and it's as dumb now as ever.

If that is what you guys are clinging to around here i wouldn't hold your breath LOL

If (when) Bitcoin will went to mainstream, Alts will follow him. There will be place for many coins. Like now on market is place for restaurants, bars and fast foods.. Almost everywhere the same, but not quite ;)


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 25, 2015, 12:05:59 AM
Still looking good!  :D

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Sir Alpha_goy on October 25, 2015, 01:37:26 AM
.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Spoetnik on October 25, 2015, 05:12:06 AM
are EU guys paying tax on Bitcoin in the first place ?
no ? then what difference does that make market wise ?
that tax ruling is just nonsense and as usual you guys are more focused on trivial crap then the obvious..

getting adoption from the general public.
with out that your a mouse on a wheel going no where with this altcoin crap.
and it's cute you all think someone else is going to do all the work to make that happen..

you know i will just buy the coins and sit back and get rich down the road
when someone else does all the work luring in the general public to crypto coins.
in the mean time lets bicker and fight over scam tokens for chump change  ::)
preaching to the choir.. round and round you guys go.. harping on the same small handful of guys left involved in this crap.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 28, 2015, 04:32:47 AM
Alright guys!  This is the moment of truth!

https://static4.businessinsider.com/image/55b68b012acae7c23f8b7d40-480/karate-kid-crane-kick.jpg

Stays above 300 = Good.

Goes below 300 = Bad.  Duh.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Tinkles on October 28, 2015, 01:52:27 PM
Alright guys!  This is the moment of truth!

https://static4.businessinsider.com/image/55b68b012acae7c23f8b7d40-480/karate-kid-crane-kick.jpg

Stays above 300 = Good.

Goes below 300 = Bad.  Duh.

LOL!  Nice

Next up: Bitcoin @ $400, featuring Big Trouble in Little China

http://3.bp.blogspot.com/-Osj3nqPUSzA/TZUyxnT9ASI/AAAAAAAAAms/6FuB_o7uR9w/s1600/lightnigthunderrain1.jpg


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: americanpegasus on October 28, 2015, 03:46:35 PM
If this Bitcoin Speculation topic is allowed on the altcoin board, then I feel like I should be allowed to post a Monero Speculation topic on the Economic -> Speculation board.  :P ::) 
 
"Bitcoin Fans... Time to Let Go of your Bitcoin and Buy Cryptonote-based coins"


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 28, 2015, 10:03:56 PM
If this Bitcoin Speculation topic is allowed on the altcoin board, then I feel like I should be allowed to post a Monero Speculation topic on the Economic -> Speculation board.  :P ::) 
 
"Bitcoin Fans... Time to Let Go of your Bitcoin and Buy Cryptonote-based coins"

But Monero is falling.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 28, 2015, 10:06:37 PM
Alright guys!  This is the moment of truth!

https://static4.businessinsider.com/image/55b68b012acae7c23f8b7d40-480/karate-kid-crane-kick.jpg

Stays above 300 = Good.

Goes below 300 = Bad.  Duh.

LOL!  Nice

Next up: Bitcoin @ $400, featuring Big Trouble in Little China

http://3.bp.blogspot.com/-Osj3nqPUSzA/TZUyxnT9ASI/AAAAAAAAAms/6FuB_o7uR9w/s1600/lightnigthunderrain1.jpg

http://www.yzgeneration.com/wp-content/uploads/2015/08/Mark-Karpeles-Arnaque-Japon-0.jpg


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: trollercoaster on October 28, 2015, 11:39:41 PM
Do you mean it's time to sell your bitcoin before the price drops again OP??   8)


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 29, 2015, 08:04:26 AM
No.  I just wanted to remind everyone that despite Karpeles' downfall he was the guy who engineered BTC's pump to 1000+ USD.  Really brilliant work.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: maincoin on October 29, 2015, 01:11:33 PM
This is really good for all the bitcoin owners out there, would love to see bitcoin at a higher peak


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 29, 2015, 10:04:16 PM
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

Notice the last peak around 320. 


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Tinkles on October 29, 2015, 10:18:38 PM

https://i.imgur.com/6qeICCt.gif


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: americanpegasus on October 29, 2015, 10:24:40 PM
Well, if I know anything about vertical price acceleration, it's that it continues forever. 
 
I'm looking forward to $8000/BTC by thanksgiving at this pace.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 29, 2015, 10:40:38 PM

Yup.  Watch it intensely.  See if it breaks that.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 29, 2015, 10:42:21 PM
Well, if I know anything about vertical price acceleration, it's that it continues forever. 
 
I'm looking forward to $8000/BTC by thanksgiving at this pace.

Nah.  1200 is good.

#rememberkarpeles


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: americanpegasus on October 29, 2015, 11:05:40 PM
Well, if I know anything about vertical price acceleration, it's that it continues forever.  
  
I'm looking forward to $8000/BTC by thanksgiving at this pace.

Nah.  1200 is good.

#rememberkarpeles
 
  
inb4 "The bubble to $13,000 wasn't a real price movement; it was artificial created by a few insider Chinese trying to escape the Yuan.  Bitcoin is doomed.  Once those few insider Chinese billionaires cashed out, the price fell back to $3500 within a year.  Soon it will be in triple digits, then double digits again.  Then zero.  Because bitcoin is worthless.  #RememberHuateng"


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 29, 2015, 11:45:24 PM
^ Exactly.  We all know people who talk bs on here usually are highly elated or sourgraping.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 30, 2015, 05:58:04 AM
You guys thnk this will hold?  Sold some already...

http://www.bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=730&i=&c=1&s=2015-01-15&e=2015-10-31&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: oozecoin on October 30, 2015, 06:34:02 AM
pretty unbelieveable run going right now.  Does anyone have any real tanglble reason for the increase?


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: americanpegasus on October 30, 2015, 06:36:49 AM
Watch the Chinese exchanges; that's where the volume is coming from and every day it's growing.  It's apparent that some whales in China are pushing the price up.  Whether it can hold or not, or whether this is a few isolated guys pumping the price of a legitimate Chinese whale rush into bitcoin remains to be seen. 
 
If it is a few serious Chinese billionaires and millionaires trying to own an early piece of the bitcoin pie though, this could cray-cray really fast.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: intristin on October 30, 2015, 06:39:51 AM
pretty unbelieveable run going right now.  Does anyone have any real tanglble reason for the increase?

I would say the weakening yen is mostly to blame. China's economy is on pretty shaky grounds. The increase in the US dollar is also hurting China's exports, It's like a perfect storm to drive Bitcoins price to the moon as they say. And the European Court ruling that cryptocurrency is a real valid currency is just more fuel in the tank.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on October 30, 2015, 01:56:15 PM
pretty unbelieveable run going right now.  Does anyone have any real tanglble reason for the increase?

I would say the weakening yen is mostly to blame. China's economy is on pretty shaky grounds. The increase in the US dollar is also hurting China's exports, It's like a perfect storm to drive Bitcoins price to the moon as they say. And the European Court ruling that cryptocurrency is a real valid currency is just more fuel in the tank.

Or it's probably Karpeles.  ;D


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 02, 2015, 10:09:31 PM
BTC breaking out again.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: duuuuude on November 02, 2015, 10:47:39 PM
I am suprised how well people last year speculated that 2015 would be a low, and all of the sudden at the end of the year its on a rally.  so it is possible to guess what happens ahead with bitcoin. I wish i was better at that.

j





damn should have added some "big trouble in little china" picture.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 02, 2015, 11:46:36 PM
I am suprised how well people last year speculated that 2015 would be a low, and all of the sudden at the end of the year its on a rally.  so it is possible to guess what happens ahead with bitcoin. I wish i was better at that.

j





damn should have added some "big trouble in little china" picture.

No one can really predict the market.  Only Karpeles can.

#rememberkarpeles


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: duuuuude on November 02, 2015, 11:49:39 PM
oh so this is WillyBOt. part DUEX

j


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 02, 2015, 11:51:49 PM
oh so this is WillyBOt. part DUEX

j

No idea.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: duuuuude on November 02, 2015, 11:52:27 PM
that was just a mtgox joke.

j


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 03, 2015, 03:39:31 PM
that was just a mtgox joke.

j

Were you joking though?  Current run really does look like Willy.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Nxtblg on November 03, 2015, 04:53:11 PM
pretty unbelieveable run going right now.  Does anyone have any real tanglble reason for the increase?

I would say the weakening yen is mostly to blame. China's economy is on pretty shaky grounds. The increase in the US dollar is also hurting China's exports, It's like a perfect storm to drive Bitcoins price to the moon as they say. And the European Court ruling that cryptocurrency is a real valid currency is just more fuel in the tank.

Or it's probably Karpeles.  ;D


Or Cyprus again. ;)


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: rokkyroad on November 03, 2015, 07:06:32 PM

Quote
Time to Let Go of Your Altcoin and Buy Bitcoin

By the looks of things that is exactly what is happening.  Most everything taking a nose dive. If btc can settle down to a nice high price some alts will quickly recover. Those with lots of btc will buy up the bargain basement prices I'm sure.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 04, 2015, 12:39:45 AM
pretty unbelieveable run going right now.  Does anyone have any real tanglble reason for the increase?

I would say the weakening yen is mostly to blame. China's economy is on pretty shaky grounds. The increase in the US dollar is also hurting China's exports, It's like a perfect storm to drive Bitcoins price to the moon as they say. And the European Court ruling that cryptocurrency is a real valid currency is just more fuel in the tank.

Or it's probably Karpeles.  ;D


Or Cyprus again. ;)

It usually does.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 04, 2015, 02:46:56 AM
I think it could be a good time to start looking for shorting opportunities soon.  The thing to look out for is the fade in volume.  So far volume is still ok...


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 04, 2015, 11:33:27 AM
WTF?!?!?!

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&


Title: I am in charge now !
Post by: Spoetnik on November 04, 2015, 11:41:18 AM
It's my Altcoin bashing LOL
I caused a spike in BTC price ;)

I run the altcoin scene now.. i am the decider !


Title: Re: I am in charge now !
Post by: HCLivess on November 04, 2015, 11:56:21 AM
It's my Altcoin bashing LOL
I caused a spike in BTC price ;)

I run the altcoin scene now.. i am the decider !

The market maker you mean :D


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: DASHfaucet on November 04, 2015, 04:23:25 PM
What do you think guys - Which Altcoin will be pulled by Bitcoin as the first?


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: duuuuude on November 04, 2015, 09:20:17 PM
i think people are finally starting to get out of there BTC investment without to much of a haircut. Those who stay in are the real invester/speculaters.  We are about ot see what the community thinks of each alt as the new alt coin run up happens soon.


j


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 05, 2015, 04:07:44 AM
What do you think guys - Which Altcoin will be pulled by Bitcoin as the first?

Honestly?  I think it's LTC.  It has good volume, and China holds a shitton.  China loves pumping BTC.  Who knows...  Maybe LTC is next.    

Edit:  And by pump, I mean the kind that reaches double/triple digits.  And keep in mind the markets to watch out for when an LTC pump comes are LTC/USD and LTC/CNY, not LTC/BTC.  LTC usually cannot keep up with BTC's rise in fiat value.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Spoetnik on November 05, 2015, 04:41:16 AM

Quote
Time to Let Go of Your Altcoin and Buy Bitcoin

By the looks of things that is exactly what is happening.  Most everything taking a nose dive. If btc can settle down to a nice high price some alts will quickly recover. Those with lots of btc will buy up the bargain basement prices I'm sure.

No that is pure bullshit.
A few of you scam coin fans have been loitering around re-posting that.
And Market history contradicts you..


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: rokkyroad on November 05, 2015, 05:59:22 AM
Would be nice if bobsurplus took spoetnik under his wing and gave him some pointers on "how to make money on altcoins". He might cheer up if he makes a few bucks.

Come on bob ... take one for the team.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: USB-S on November 05, 2015, 07:03:35 AM

Quote
Time to Let Go of Your Altcoin and Buy Bitcoin

By the looks of things that is exactly what is happening.  Most everything taking a nose dive. If btc can settle down to a nice high price some alts will quickly recover. Those with lots of btc will buy up the bargain basement prices I'm sure.

No that is pure bullshit.
A few of you scam coin fans have been loitering around re-posting that.
And Market history contradicts you..
Most of the markets are recovering already, and some are in the green. If bitcoin spikes again, alts will go red again.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 05, 2015, 07:26:44 AM

Quote
Time to Let Go of Your Altcoin and Buy Bitcoin

By the looks of things that is exactly what is happening.  Most everything taking a nose dive. If btc can settle down to a nice high price some alts will quickly recover. Those with lots of btc will buy up the bargain basement prices I'm sure.

No that is pure bullshit.
A few of you scam coin fans have been loitering around re-posting that.
And Market history contradicts you..
Most of the markets are recovering already, and some are in the green. If bitcoin spikes again, alts will go red again.

Yeah.  Alts have a hard time keeping up with BTC's price surge in dollar amounts.  It should stay flat for alts to start trending up.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 11, 2015, 02:31:20 AM
If you have mostly BTC, it might be a good idea to switch some to fiat and buy back lower.

I would prefer trading BTC for Nubits but there's not much volume and the spread sucks..  Due to lack of volume probably.

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 24, 2015, 02:36:12 AM
Get ready folks.  Bitcoin looks like it might go sub 300 again.  I could be wrong, but it's a good time to get ready and know what to do in case that happens.  

Some alts could see some spikes in the process.  Good luck.

Edit:  Again, I may be wrong.  But it's good to be ready for some trades and take some profit.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 25, 2015, 02:19:34 PM
Watch LTC.  It could be a start of a trend.  But we'll see.

Caveat.  I am not a licensed trader.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on November 26, 2015, 12:42:06 AM
LTC is being pumped by OKCoin.  I wonder for how long...?


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 05, 2015, 01:02:24 AM
Hit or miss.  XRP could start breaking out again.

Caveat:  I'm not a licensed financial adviser.

PS.  Keep losses small by setting a stop loss.

PPS.  Follow your stop loss rule.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 08, 2015, 05:36:40 AM
XRP breakout.  Hopefully we see another profitable run.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 08, 2015, 06:56:54 AM
This just in:  https://azure.microsoft.com/en-us/blog/azure-blockchain-as-a-service-update/

Microsoft is exploring Ripple's Inter Ledger Protocol and has started running a Ripple validating node.

Quote

Ripple

Azure BaaS is currently operating a Ripple validating node for the benefit of Ripple's bank users, providing a valuable stakeholder to the consensus network.

We’re exploring how the Interledger Protocol can be used by the Azure enterprise and developer community to enable new and novel use cases within Microsoft's Blockchain as a Service offering.

We have several customers taking advantage of the Blockchain as a Service platform and an active pipeline of partners getting on-boarded. If you’re a partner eager to get in on the action, or a customer wanting to see a Blockchain technology or value added service in the Marketplace let us know in the comments below.



Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 10, 2015, 01:58:49 PM
Clam starting to breakout.  Let's wait and see if volume improves.

Caveat.. etc, etc.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Nxtblg on December 10, 2015, 08:47:39 PM
Clam starting to breakout.  Let's wait and see if volume improves.

Disclosure:  Have not bought any yet. 

Caveat.. etc, etc.

So's Bitcoin, although not to the extent that it rocketed up last month.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: sashacoin on December 10, 2015, 10:39:37 PM
For us with few Bitcoin, it's better to stay in the altcoin market where we have ability to increase our portfolio big, then switch to Bitcoin.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: The Sceptical Chymist on December 10, 2015, 10:44:11 PM
^ Does it pay in Bitcoins?


It doesn't pay dividends.  It acts as a standard cryptocurrency, having value in part because of the expense required to generate coins, and also gaining value as the difficulty rises and as the supply is spread to more people through increased adoption.

But NXT is cheap now, so you can burn your altcoins for BARR, sell them for NXT, wait for NXT to go up a little, and then sell NXT for BTC, with plenty of time left before next year's block halving and hopeful moonride to the Bitcoin lunar palace.

Or you can probably bypass the burn and redemption process - we will attempt to maintain buywalls for all accepted coins during the burn period, so that people who want to dump can dump to us on Cryptsy or Polo, and we'll burn those coins ourselves.  Then they don't have to go to the trouble of exchanging for BARR and then dumping that.
First, OP you were right about buying btc when you wrote the first post, so you nailed it.

Second ^^ this is a very interesting concept to me, but I don't understand how your coin derives value from the destruction of others, and the churning out of coins is not limited by anything.  The making of brand-new coins, I mean.  You are absolutely right that there are way, waaaaay too many altcoins on the market.  No one is ever, not in a million years, going to use these coins for anything other than trading and the pump and dump stuff.  How's it going with your project?


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 14, 2015, 03:06:09 AM
Clam still looking good surprisingly.  Volume kinda thin though...


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: jwinterm on December 14, 2015, 03:10:43 AM
Clam still looking good surprisingly.  Volume kinda thin though...

Clam looks good like clams casino at a roadside diner in Wichita Nebraska or Lincoln Kansas.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: zhalox on December 14, 2015, 04:04:12 AM
I don't want to sell my XMR for BTC since BTC are being tracked by https://www.blockseer.com, http://polycoin.io, http://coinalytics.co/, https://chainalysis.com/, etc., I'd rather keep my funds in Monero which is private, fungible, untraceable, & scalable (they fixed the block size problem).


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 14, 2015, 04:53:36 PM
Watching XMR...


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: bitowl on December 14, 2015, 05:00:41 PM
I don't want to sell my XMR for BTC since BTC are being tracked by https://www.blockseer.com, http://polycoin.io, http://coinalytics.co/, https://chainalysis.com/, etc., I'd rather keep my funds in Monero which is private, fungible, untraceable, & scalable (they fixed the block size problem).

Good point. If you think back to when bitcoin first hit popular tech articles probably the biggest point of the whole things was anonymous currency because no one knew wtf was going on back then. Then it turns out all your funds and transactions are viewable by anyone. For a while in 2012 blockchain.info was displaying the IP address of people sending transactions and showing it on a map lol.

I'm spooked by how fast bitcoin is climbing. Are there any coins that trade counter to bitcoin that I can use to hedge? Or is moving from a speculative to more speculative cryptocurrency just a retarded idea?


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: zhalox on December 14, 2015, 11:13:10 PM
I personally favor Monero, since it's the anonymous encrypted internet money that the original Silk Road users once thought Bitcoin was, and is the world's first true digital cash.  As a Bitcoin miner & trader since early 2011, I have loved it and still do for various things, but unfortunately Bitcoin is already legacy (e.g., Netscape Navigator).  If you want true next-gen Bitcoin 2.0 cryptocurrency / digital cash, Monero is the new kid on the block (e.g., Google Chrome alpha/beta). Monero / XMR isn't a fork of Bitcoin but rather rewritten from the ground upwards, is fungible, untraceable, anonymous, & scalable (and they fixed the block size problem too), and some Bitcoin devs are updating Monero's code which gives it credibility, as well as multiple Ph.D. cryptographers. I've converted my BTC funds to XMR and don't plan on going back to legacy (except when necessary using services such as https://xmr.to). The free market shall decide...


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 15, 2015, 03:30:18 AM
XRP stop loss hit.  -_-


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 20, 2015, 05:43:53 AM
Anyone know what's going on with Factom?  Nice little run up there.  I missed it though...


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: favdesu on December 21, 2015, 09:27:16 AM
Nah sorry, I like to diversify. Bitcoin is important, but it does not hurt to buy 2-3 altcoins if you see some value in them.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on December 29, 2015, 09:29:30 AM
https://i.imgur.com/o7EQmxN.png

Bottom hit?  Watch NXT.  There's no breakout as of now, but t's good to put in your watchlist.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on January 02, 2016, 04:09:08 AM
Monero going for a breakout out of its range. 


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on January 02, 2016, 04:25:07 AM
With good volume, I might add.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: zhalox on January 02, 2016, 06:50:49 AM
As predicted, XMR is now rising, with an upside breakout from the downward trendline.  The positive news catalyst is that the Monero developers were busy writing code during the holidays and released version 0.9.0 while everyone was asleep/drunk on New Year's:

https://www.coinigy.com/assets/img/charts/5687726a.png


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on January 02, 2016, 07:34:29 AM
All things considered I personally won't be getting in without a clean break above .0014 - .0015 with good volume AND liquidity.  I might but with smaller positions.  Volume right now is ok but the bid side orders are just too thin to even consider that it's seriously breaking out right now.


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on January 09, 2016, 02:27:57 AM
DOGE mucho breakout.

Bought some at 36, 37, 38 sats.  I hope we don't get whipsawed again :((((


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: Nxtblg on January 09, 2016, 07:54:55 PM
DOGE mucho breakout.

Go figure! What's old is new again...

Bought some at 36, 37, 38 sats.  I hope we don't get whipsawed again :((((

Best of luck. :)

I have kind-of the opposite problem with Factom. To hedge things a bit, I'm Bitcoin-cost averaging - and my first-&-only haunch has made a profit of ~40% already. And of course, I'm grumbling about the price going too high. ;)


Title: Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin
Post by: tokeweed on February 17, 2016, 09:50:14 PM
BTC finally moving again.  Hopefully some of you increased BTC holdings via ETH just in time for BTC's uptrend. 

Good luck on your trades everyone.