Bitcoin Forum

 I feel that Altcoins will give a bit more return in the short term then BTC. BTC for the long of course!


Of all the coins I can trade on  CoinMKT which ones are the best bet?


LiteCoin $27
PPCoin $5
TerraCoin $1.2
NameCoin $6.7
FeatherCoin $.87
PrimeCoin $5

Since Chinese discovered Ripple it gained 1000% in value. Unlike those mentioned above, it isnt just modified BTC.

I'm poked around in the FTC community and i liked what i saw, so i bought.

also this (http://www.youtube.com/watch?v=DPf6DwFoZUI)  :D

its not a pump and dump thats for sure.

Ughh Ripple? Really? I tried to figure out ripple but it seemed like a scam.

90% of people mis-use the word "scam".

You realize that scam means intent to deceive right?

Is that what you decided about Ripple?  It was made to steal money from people?  Strange ...

Assuming you just don't know the right words to convey thoughts with ... Ripple is very confusing, you're right.  And its a higher risk investment than Bitcoin, for sure.  You're right.  If you are interested in buying some ripple, I just went through the whole process, banging my head against walls blindfolded basically ... so now I can help others:

1)  Sign up on ripple
2)  Sign up on SnapSwap.us
3)  Decide on your dollar amount, and have SnapSwap generate an invoice to your email.
4)  Print out invoice, drive to Wells Fargo bank, and deposit cash into their account (yes its legit).  On the deposit slip type your username and invoice number (yes they'll see it)
5)  Email support@snapswap.us and tell them you did the deposit and dollar amount and username. (just to be thorough).
6)  Open up a "line of trust" on Ripple for SnapSwap, and the dollar amount of your deposit
7)  In a few days your Ripple Wallet will have a balance
8 )  In Ripple go to "Convert", select "XRP" from the dropdown, and purchase your XRP.  You'll get current market price this way. Alternately you can attempt to use the "Trade" system, which I was utterly unable to figure out.  

Boom you'll convert USD to XRP and you'll own XRP in an online wallet on Ripple.com

Im probably going to make another thread with this info because its not an easy process.

or you could simply buy them at bitstamp and you skip all complicated steps above, but what is the point of ripple any ways, I mean why ripple ? a centralized "coin" that a company owns that cant do a shit!! is it like a payment bridge ? no proof of work or anything, coins generated of thin air and sold to people for money.

isn't that the real definition of ponzi scheme? the people on the top of the pyramid (owners of the company) get the most and people like you buy it and tell people about it so more people buy.....

I mean what do you do with ripple can you please explain I don't really get the concept ?   

In the end after the 55% of XRP has been given away I think there will be more people working at ripplelabs than own 45% of all Bitcoins.

Because on exchange, that is integrated right into the client you will get far better rate, than on Bitstamp.

Oh, by the way, you just defined Bitcoin right there. Since I started trading bitcoin I hear all the time about Satoshi being this evil mastermind, that hid half of coins for himself  ;) Well, today I trade both ripple and bitcoin, Am I not just asking to be ripped off by those geek scammers?

a) Ripple is much faster, than any of bitcoin clones (isn´t speed one of arguments for litecoin?), my transactions got cleared in seconds.
b) "Coins generated out of thin air" - then go back to fiat  ;) seriously, you can atleast touch it.
c) I can actually buy more bitcoins in ripple client with no goddamn fees! Hell yes.
d) Yes, Ripple is sort of payment bridge. Like Paypal, but with zero fees. Is Paypal ponzi too?
e) Ripple exchange is actually decentralized.

For the recod, I made actual money, using Ripple. I also made money using Bitcoin.

+ 1

Bought a big chunk at .03 and now it sits at .05.  Almost doubled my money.
Thats the beauty of this whole scene.  Cryptos.   / Alt coins ...
You can buy tens, hundreds of thousands of something that's worth a fraction of a dollar, and the tiniest bump means big gains.

Scam is process, where you pay for product, that is not delivered. I received my XRP and later sold them for both Btc and USD. How does that fulfill definition of scam?

By the way, in recent weeks chinese gateways have far larger volume traded, than Bitstamp/Snapswap (XRP is far more expensive over there too).

https://ripplecharts.com/market/USD:Bitstamp/XRP

EDIT: I had couple of problems with deposits, but those were all without exception on Bitstamp part, Ripple client itself didn´t fail me yet.

a) faster? it would be so strange if you don't get instant payment as there is no mining involved which by the way means less security (no proof of work as you said you deposit USD and they credit your account this is what thin air means, coins already existed exactly like printing money.  
b) yes if I had a choice between ripple and touching my euros I would touch my euros because you still didn't answer what ripple is, I can tell you what Bitcoin is and write 10 pages to make it short, but can you just tell me, I mean really I want to understand the thing
c) yes you bought them with no god damn fee, you just had to go through the hole process to get them (which doesn't make sense) and wow now you can buy Bitcoins, I usually deposit my fiat to bitstamp and get it the next day and buy bitcoins right away, it takes me 24 hours, you know usual stuff.
e) decentralized exchange ? well that is interesting!! can you explain how or at least point me somewhere where I can read more about it

Oh I made allot of money with Bitcoin and Litecoin, and BTW I did far more than double or triple....

Actually, all your questions are answered in the white papers. You know ever since Ripple went opensource. So, you can make your own version, if you think it is easy money for developers  ;) Cap of 100 billion XRP is hardcoded into the system (but there are only seven in circulation right now, I give you that), so ripple will have massive advantage over any fiat currency as far as gaining value. However, nobody ever said, that it will replace Bitcoin or gold as store of value. That would be bad idea as deflationary, precious metals are terrible means of exchange for consumer society such as ours.

Like I said before, I see a point in the system as it adds actual value (you too, cause you choose solely ripple to attack, not all those bit-clones, unlike me you just chose position of fear). I also see added value in another altcoin, that isnt finished yet, so I wont mention it here.

By the way, if you hadnt been lazy (all your criticism about deposits being complicated), you could have tens of thousands bitcoins back in 2010. You know, when there was no Bitstamp and coins were still cheap.

Deposits/Withdrawals to Ripple will be even faster, when first banks start to function like gateways. Like they already do with paypal. No middle man, just bank account and your web based client. Your average Joes dream come true.

Bitcoin+
Ripple+
One other alt to be finished soon...+

Feathercoin? Primecoin? In ten years from now, they will be vaporware.

EDIT: Congrats, on being able to write 10+ papers on Bitcoin, I certainly couldn´t, as mere accountant, not programmer.

you are mistaking by thinking I am afraid of this "ripple", I am not afraid about Bitcoin nor Litecoin loosing value or investors by these alts or Bridges as you like to call them, I am a believer of the open market and its effect.

yet I remember earlier this year when ripple was released and they started the give out, it wasn't an open source currency, a company owns the project, and they give out a shit load of ripples but now they are selling it, I think you do understand what that means.

so ripple is against all what we believe and actually Bitcoin have, and for me it is easier and it make more sense to use Paypal than ripple as a payment bridge.......

and well I wasn't lazy as you stated, it took me a while to get the bitcoin concept as my friend was ignorant and didn't explained it good, simply because he didn't know what was the thing exactly was all he knew that he has to buy a graphic card and has to sing up in a pool and run phoenix and then he will sell the "power" which than he will get a "coin" that he can sell for money :D it was like WTF and I ignored this for sometime until one day my curiosity made me search the subject my self, and when I found out about bitcoin I invested all I could at the time, it seemed too much at the time but if I knew that the price will go up like this I would even sell few things I didn't need at the time and buy more bitcoins.

None of them.

Invest in bitcoins, not the poor-man's clones.

Ripple is a "scam" and it's just semantics to argue that "scam" is not exactly the correct word to use. Ripple was started to make the people who own Ripple very rich. The fact that the XRP market cap is far higher than Bitcoin should be a giant red flag for those of you who are considering putting money into Ripple.

I think it is a bit ludicrous to compare prize per coin. It is not a fair comparison. Better is to compare price for 1/21million of future market cap, so since litecoin has 4 times as many coins, their "normalized price" would be
27*4=108, and for feathercoin with 16 times as many coins, the normalized prize would be 0.87*16=14.

EDIT: Proof of stake mining has to be treated differently though since it doesn't dilute you.

Oh, here we go  ::) So Bitcoin was designed to make people, who own it poor (unlike Ripple, huh)? No, ripple doesn´t have bigger market cap, than bitcoin, it never had one either. There are seven billion of them in circulation making current market cap 350 million USD or about 3% of Bitcoin market. Litecoin is actually still much bigger. If you are reffering to coinmarketcap website, then those guys over there cant count. You dont calculate Bitcoin market cap with coins that werent mined, USD market with dollars, that werent printed (atleast virtually) and Ripple market with XRP, that weren´t released. And no, you cant just walk to RippleLabs offices with fiat in your pockets and "buy" more XRP. I´do that, if it was this simple.

Ripple (XRP)
Litecoin

Haven't found anything other than these that have been worth speculating on.  As for XRP, I really love all the haters MAD because you didn't buy at 200 or 160 or 100 or 50 even. Sure came sooner than I expected but I'll take it.  So you going to stay mad when it's at $5 and you could have bought at $0.05.   Same with the Litecoin haters.  MAD!   Just know I'm laughing at you.  ;D  

Choo Choo MF!

How can you predict price of single product, if you don´t know the end result (cryptocurrency market cap) or even timescale? Also no mention of inflation (six times higher in Litecoin, than in Bitcoin).

Yeah I think 'scam' is the wrong word. It just was VERY confusing, convoluted and unclear as to its purpose or use.  Which makes me uncomfortable, since I can't get clear answers, it makes me weary. Like it's all smoke and mirrors. If I can't grasp the concept, I won't be able to trust putting my money on it. Maybe I'm stupid and that's the problem. But researching into it I do NOT seem to be the only one that is confused by Ripple.

"None of them.

Invest in bitcoins, not the poor-man's clones."

Well Bitcoin for the Long term for sure. But there is a LOT more short term speculative gains to made in these smaller currencies. Bit burger put it nicely, and that's the info I'm trying to get outta this thread, which of these Cryptos will have those nice 'little/big' moves.



.  

It is the cheapest to. I can pick up quite a few for 100$

Since I compare the fully diluted market caps, I take the inflation into account.

I just slaughtered my hamster and read the future in it's liver. It said Colossuscoin will be the next big thing!

Where can I buy these?

Well Ok sure. But... I can usually glean some insightful information..  to make an educated guess on a good buy. 

The best one it the one that has yet to be pumped. Pumped alts have only one way to go from now on.

I am pretty skeptical of most of the alts. The only alt with significantly better usability than btc is peercoin imo, because of the inflationary aspect.

wait a sec... is this the btc-e trollbox? I must be lost...

I guess Feathercoin will be my next bet. Only because it's cheapest and I can get the most for the least risk.

FTC not pump & dump? Looool

Quark will be the next big alt in 2014, mark my words  :)

Other Good Alt investments:
MegaCoin (i hate it but it's unstoppable)
PPCoin (has the whole sustainable thing going on for it)
AnonCoin (Some scared to invest in it)

its not

whats so funny?

FTC is second next to LTC for volume on BTC-e.

its not a pump and dump, its an undervalued coin with a solid team backing it.

Its all about Litecoin   ;D

I like primecoins concept. Hashing for primes at least using all that computing power for something more productive.

Because it's the first time that you see a discussion about speculation in this board...

litecoin is litecoin not alt coin  :)

I have to disagree, Litecoin is 2nd created alt coin just after NameCoin :)
And I bet only NameCoin can be usefull in future beside Bitcoin

My opinion:

It is foolish to invest in any clone coins.  I won't mention them here.  All you need to do is check their specs and realize they're Bitcoins with different parameters.  You might get lucky, but that's all it is.  Might as well throw money at a Roulette wheel.

I believe it is wise to invest in coins which provide something unique AND have a solid development team.  I think the advice in this thread is pretty sound:  QRK, SBC, ANC, CGB, NMC, PPC, XPM.  That's about all I know of.  There are so many in development that it's hard to keep track!

Investing in exchanges might be prudent as well (like CRYPTSY on Cryptostocks).  Not sure why that one is performing lousy, however ..

Unfortunately, it is also prudent to invest in coins that already have a decent foothold but are lacking in the novelty department: LTC, MEC, etc.

Overvalued?  Undervalued?  No one knows.

i agree about those coins you mentioned, good list btw in terms of fundamentals based investment. but no harm throwing 1btc for high risk speculation on the other clone alts

We should be building services instead of speculating.

Think of it as building a house instead of guessing the weather.

People should have been building services and investing in the ecosystem of altcoins as well as of bitcoins even instead of just hoarding. Hoarding is worse than speculation in the long term even if it is the safest bet profit - wise. At least for the time being.

Oh really?
Heard some asic miners are coming , for scrypt!
Also , what's the other difference?  Confirmation time? For what? What can you buy with Litecoin?

Since scrypt asic is coming I'd recommend investing in an anti ASIC coin...like yac, xpm, quark.

unobtanium.info

Bitcoin's price skyrocketed since asics were introduced. Just saying  :P

There is no such thing...

Feathercoin chart really does not look that great for the long term even if it has some occasional jumps.

Reliable coins with good technicals are primecoin, peercoin, anoncoin, devcoin.

Betacoin will rule them all..

Buy now that it's dirt cheap

Right now it is Counterparty-XCP. All the features of Mastercoin at half the price.