Bitcoin Forum

As we know, the king Bitcoin, mother of all crypto, is on a very stead bull rise. This time is not like 2013, the uptrend is slower, more controlled, and sustained over time. Ever massive selloffs like the few ones we have seen due the shady chinese government PBoC press releases, cannot stop bitcoin from going up. It always recovers stronger than before. All you have to do is keep buying all those dips.

The question arises: What's the point of holding alts? Not a single altcoin seems worth holding when BTC performs this good. Not a single altcoin is revolutionary enough to be a serious #1 contender. So what's the point in any case? might as well go all in on BTC.

monero is a coin that is used in the dw just like btc because of its good anonymity.
when btc price falls maybe people want to set their money to an another harbour.
i think for the future monero is a good place for it.

Hold bitcoin in your crypto portfolio and along with it add ICN tokens or Iconomi. It has a diversified fund with 15 % in bitcoin and the rest into the top 8 to 10 altcoins such as dash, monero, steem, ether, etc. Also there is a chance to see it rallying in the coming weeks once the team announces some updates. And did I mention about getting dividends? ;)

In the first place, altcoins are not meant for a long term investment but rather for trading purposes. If already on a loss I suggest to just continue holding that coin until the end. Considered that as a loss and just idle it if they already accept they are now eaten alive by those risk associated when holding a certain alt.

And there is still a so called pump series that will happen again on a certain alt even bitcoin is performing a much supported resistance at the current price rate.

Iconomi is an Ethereum token. What will happen when the next Ethereum hard fork/disaster happens? I wouldn't feel very confident holding such a token long term.

Also, what makes you trust that those people are good investors and will make good picks and not run with the money?

How do dividends work? you get paid in ETH? what wallet do you need to get paid? how many ETH per ICN being held you get?

Yes, some people are saying Litecoin is the sleeping giant, so I hold one LTC or two, just in case of. Anyway, even if it does not increase, I still like the coin for its Bitcoin-likeness. People mainly do hold altcoins for speculation, as I do. But a great part of them hold them because they believe in it (Monero) or it brings incentive to them (Diamond).

BAY - is worth holding (to me) along with any undervalued alt coin with a lot of good development that can outpace even btc's growth factor.

Perhaps there are many others that are below value too that will rise faster than BTC even in a btc bull run.

You could argue you may hold alts only to speculate and accumulate more BTC.

Then again some argue you only hold BTC to eventually gain more Fiat :)

Some alts will provide things BTC is unable to or even if BTC could provide them they will never become adopted by enough miners to be implemented.

BTC to me is fine as it is.. it is the crypto storage of wealth. As a currency to be used fast and efficiently perhaps we don't need one currency/coin it can be distributed over a few currencies  that are reasonably stable against BTC.

I guess it is simple. If you see a coin you think has a lot of potential for 100sats and believe it will become a 200-1000 sat coin regardless of btc steady increase why would you not hold it?

While BTC might be the "main" coin, I still think coins like Monero, Litecoin, Dash, & Etherium are still decent and have a chance at becoming very popular if Bitcoin goes mainstream, along with the fact that they've all got something that bitcoin doesn't, each appealing to a different market of users.

And, like @cryptohunter, there's a lot of people who are using Altcoins as stocks to try to invest money.

Personally I have dumped every altcoin except the ones that I think are too undervalued and I actively follow and could also spike at any time soon. For now there is no point in holding a coin just because it's a good long term investment, dump it and buy it back cheaper  :D.

I just think if in the altcoin all about the money maker competition. with a conclusion to make a lot of money. rather than use it become the daily currency. It is my clear statement about why are the people need altcoin or interesting with it.

If that's not a post to boost activity idk what is, lmfao. How about a contribution rather than a clump of words?


Anyways, back to the actual discussion with real responses...

Altcoins are mostly used to get more Bitcoins so regardless of the value of bitcoin your moves for getting more of them through trading altcoins should not be affected.

A major spike could impact your buying power on the altcoin side but spikes in BTC price tend to cause dips in altcoin prices. When this happens you can usually buy cheap alts in anticipation of a correction on the BTC price.

Or it can all go the other way :P

yes,you said the point.

holding altcoin is good for me at least if the altcoin is increase to follow bitcoin price then i think it should be increase more than the highest price before. i think altcoin is to back up bitcoin when bitcoin is getting down and if bitcoin is increase, then altcoin will be cheap in price and its good to holding. and now, i am holding some of coins especially the oldest coin plus new coins in my wallet and waiting for another increase and adjustment prices from the altcoin.

Yup. And its really much profitable than bitcoin. If you really know how to trade altcoins. You can earn huge amount in just seconds. But its not good for long term because some altcoins usually dies kr turned into a scam. I would not recommend altcoins for long term trading. Altcoin trading is the cheapest way to earn. You can buy cheap coins and sell it when it pumps.

Maybe father of all crypto :D.


The point of holding alts is because there are people who are looking into has another option for getting profit.

That's the simplest answer that I can say, looking upon the market cap of each coins that you'll hold that will give you the reason to hold.

And when its market cap increases, you'll benefit from it upon holding.

i wouldn't take a risk for holding altcoin when bitcoin price rising like now, get small profit from altcoin still better than take a risk for it, because we all know that if bitcoin price going up, altcoin will down so fast

I don't have any decent profits that will earned if I sold my hold NEM today so I will just keep it even if it will become dead. I already accept that thing but I don't see any reasons why NEM would be dead. There are still lots of developments and future plans for NEM. Even with cheap price today you can see that their devs are active.

Just giving it a time and sure I will make a decent profit out of holding it. For now just riding the wave of bitcoin price increase trend.

1. BTC transaction capacity is already maxed out.
2. BTC is Wasting enormous amount of electricity and real estate storing ASICS.
3. BTC Proof of Work is a Technical Dead End
4. BTC is already priced out of the micropayments industry , with the now ever increasing fees, it will price itself out of many Foreign markets.
5. BTC is Centralized and Manipulated by China (Never know when they will have to sell to prop up the Yuan.)
6. BTC Miners are the only ones that can receive Transaction fees for processing blocks


I Hold ZEIT for the following reasons

1. ZEIT has 20X the Transactions Capacity as BTC
2. ZEIT is Energy Efficient.
3. ZEIT has enough coins to be affordable across the world.
4. ZEIT will own the micropayments industry.
5. ZEIT is economical to be maintained for a very small sum of fiat, unlike the millions required to keep BTC running.
6. ZEIT is changing to an Ultra Low Inflation coin , meaning the Price will rise
7. ZEIT is PoST (Proof of Stake Transactions) , Anyone that runs a wallets will be able to process a transaction fee when they stake.  ;)

8. And the Final Reason to Hold ZEIT's Upside Profit Potential is in the X1000000 range, with BTC even if it hits $10,000 per BTC, you limited to X10. 

 8)

this now is right time to buy altcoin, because all altcoin this now is cheap
because bitcoin incraese very high price, but altcoin and long time hold
but must choose is good coin, reputable coin and good volume transaction

Altcoin market is where the profit actually is, though you must be sure the Altcoins you have in your portfolio do have room for growth. Coins like ICONOMI, SNGLS, KMD, INCENT, WINGS are worth holding because the price at a good entry point and have high probabilty of price increase when Bitcoin price plateau out

There is a risk with ethereum platform but ICN has  issuesd ONLY tokens on top of ethereum as a mode for paying dividends. I think Ethereum has what it takes to fix if things back fire although it can badly affect the price of ethereum. And ICN can shift to another platform if things don't work well with ethereum.

The people who run Iconomi has about 4 years experience running cashila which has handled funds of investors and traders before. I know that it doesn't guarantee anything but it is good enough to consider adding ICN to a well DIVERSIFIED cypto portfolio.

They have mentioned that dividends will be paid weekly only when the platform is up and running. Note that the platform is still under development. You will get your dividends paid in ETH. Ethereum wallet is fine. But you will need have access to the private key. The rate of dividend is not fixed as it varies according to different factors.

Kindly visit there page and slack group for more info.

https://bitcointalk.org/index.php?topic=1587736

well all the things you are saying here about altcoins are almost always true. and as i always say you shouldn't be keeping altcoins as a long term investment ever, not only now that bitcoin price is rising because the risks of that kind of investment is a lot higher.

but that doesn't mean you should invest in any at all just because bitcoin price is rising.

i like to categorize altcoins into two main categories: those that are being trading with bitcoin and USD and those that are only being traded against bitcoin alone.

the first group are going to fall most of the time when bitcoin price is rising, but the second group not always. also there are always exceptions to this rule.

but among all these there are pumps which will cause a profitable investment and also there are things such as the litecoin's segwit and good development news like that which can make the price go up regardless of anything else that is going on.

Well the thing is that altcoins are riskier, but they offer quick returns, unlike bitcoins, which always go up, but only gradually. Most altcoins are probably not good to hold longterm, but if there is s higher risk/reward, then why not. The good thing is that the top altcoins seem to rise as the Bitcoin price increases.

Altcoins are profitable. If you know how to make it profitable. Altcoins are not for long term trading. Its profitable on short term. Also its cheaper than bitcoin. Just be sure you bought a goid altcoin. So it could give you profit. Altcoins are another safe haven when bitcoin crashed. When bitcoin crash. The altcoins are surging. We still need altcoins.

i still hold many coins until now because i don't like to cut loss the coin and it will makes me to loss much of bitcoin. i'd rather to hold the coins because i am sure that the altcoin will be recover in price and will be back soon after btc gets stable for a while. maybe it takes more longer than i can predict but i am fine to waiting for that moment as long as i can make another profit in another times, i think it still worth for me. i know to trading btc pair altcoin is risky but behind the risk, there is a chance to make big profit too.

your primary investment should always be in bitcoin not altcoins not even when bitcoin price is stable you should still continue investing in bitcoin because that is where the real profit and a guaranteed profit exists.

for altcoins, i am currently holding some of them such as litecoin, monero and ethereum but these are always for short term investments. i will sell them as soon as there is a rise and i believe in these 3 major ones to have a rise soon specially litecoin and most possibly ethereum if we can see another dip or some hype again.

there is always a reason for em to hold at least the strong one, like monero zcash etehreum, they can still go very high with the right pump, they are not a dead coin their makret is still healthy, but i would diversify and do like 10% on each, the remaining i would keep in bitcoin to not risk too much, i would also invest in soem new altcoin like pascalcoin or other promising onewith new algorithm and features

So Bitcoin is 'modern' now?

Though I think there is great opportunity in buying and holding altcoins right now and using your bitcoins to buy these altcoins as their prices really dropped when bitcoin's prices went up. So I think it is really a great opportunity to get it. Diversifying is a good tip too as not all altcoins will probably go up when bitcoins prices comes back down.

I am currently holding UR and it has a lot of capability to go up. When I earned the UR, the price was 0.00000001 and in a week, the price reached 0.00000055 which is itself a big achievement. With bitcoin prices increasing, there are many altcoins too that are being traded in big volumes on exchange websites. The only issue this is that a small dump can ruin the altcoins and the prices can drop compared to bitcoins that are not affected by huge bump and dumps.

Well, the market volume of UR is not very high and you can not able to hold the amount of UR which is equivalent to 1 Bitcoin. UR is not famous and it seems that people do not like to trade it. However, if you can make a good profit with it, it will be very great. Currently, I am holding bitcoin and ethereum for the long term investment. Ethereum is very very potential and I believe that the prices will definitely increase in the next few years

Diversify!

I agree that now is the right time to buy altcoin because its cheap and price is increasing very high. You must hold it in a long time but must choose good coin, reputable coin and good volume transaction so that you could earn good profit from it. This is a good profitable investment to treasure nowadays and should learn along the way as days goes by.

For altcoins hoping to one day replace bitcoin, no.

But there is a good reason to hold altcoins focusing on meeting specific niche markets, like Gulden for the Netherlands, Doge for a friendly intro to crypto and ArtByte supporting artists & musicians.

All three of these coins have very active real user communities, which brings real growth and they do not have to compete with Bitcoin.



DISCLAIMER: I am the founder of ArtByte, so of course I am biased. If anyone is interested in why a community based coin works, here is a presentation I made about a year ago: http://slideshare.net/MikeCabaniss/artbytepresentation-51478350



Traded on:
Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-ABY
Yobit: https://yobit.net/en/trade/ABY/BTC
LiteBit.eu https://www.litebit.eu/nl/kopen/artbyte
Nova Exchange: https://novaexchange.com/market/BTC_ABY/


Announce Thread:  ArtByte Announce Thread (https://bitcointalk.org/index.php?topic=503131.0)
Website: ArtByte.me (http://ArtByte.me)
Music Download Site: music.artbyte.me (http://music.artbyte.me)
Pool Server:pool.artbyte.me (http://pool.artbyte.me)

I don't have experience with ETH but have seen it doing well among all altcoins. However, I don't believe in holding altcoins or a long time as we all are aware that altcoins do not have a secured lifetime and can be dumped from exchanges anytime with all the investors losing their hard-earned funds. I have lost my altcoins earlier too as they were just dumped from exchanges but I believe that UR can do well. Atleast for now it is growing.

Bitcoin price will surely go to it's skyrocket price but it doesn't mean that it will be a continous run and never will experienced a price decrease. Therefore, there are still percentage of the stage that will shine for other altcoins to make some light again or a pumping scene might happen.

And depend on the alt, as alts are not meant for holding as their price experience a terrible manipulation.

Well who knows,maybe one of them could become another bitcoin in the making,people who are into altcoins keeps investing into this ico coin or altcoins,because crypto currency is the future and we need a coin not to replace bitcoin but as to use it alternately with bitcoin,it's on the saying,you should not put all your eggs in one basket.

Did you even bother to read what you typed before pressing the Post button?