Bitcoin Forum

Hey, I've been following the whole Bitcoin phenomenon for a while not... obvious regret for not buying in sooner haha... but I'm wondering where I should start to dabble in the crypto-currencies?

I have $1000 I can afford to play with and let sit for a while if need be. Honestly, I'm a little more attracted to LiteCoin and PeerCoin but would it be smarter to invest in the even smaller coins?

Litecoin should be the best, but remember: do not buy until it goes back under $30!

that's what i'm trying to find out for myself too.. litecoin, peercoin are raising every day and this sound promising.. same for the others small crypto, any idea? because with such a "small" investment if used on BTC, you should sell&buy on daily basis to get some revenue (if enough time to follow the market)

Quark and Novacoin are scamcoins, NVC is 95% (AFAIK) premined.

You could try FTC after it goes down to 0.00050.

bitcoin and litecoin. most of others are doomed.

invest to NXT :)

Why do you say that?

I still think there are some that hold some ground... DGC / WDC I guess, no?

FTC, XPM and TRC seem like a good choice. He's lying, I have earned 200% on FTC.

Spread your investments. Buy smaller amounts of several coin, so if one tanks you don't lose everything.

I'd add Protoshares to the list of possible investments, it's a bit different.

peer

I have reason to belive that peer is the next best thing.

Quark in case it succeeds, after that Digitalcoin, Stablecoin, and Worldcoin.

I'd suggest Anoncoin. 4.2 million total means they will be less around so if they do become popular they could rise in value substantially.

As already advised, spread your investment over a few coins to avoid a disaster!

QRK is a scamcoin, probably heavily premined.

Anyway, I'm going to make my own coin if someone's interested.

If you delve deeper into it you realise that it does matter because Miners used Quark to dump to get BTC.

After a lot of research i realised its not a scamcoin at all.

Buy litecoin, the price should be 4x less then Bitcoin in term of supply :)

I have a feeling that all coins are about to crash :D

If i were you i would invest Bit,Lite and QuaRKcoin. Quarkcoin has rised alot in a short time and is very cheap for investing now.
85% bitcoin, 10% litecoin,5% Quarkcoin is what i do.

https://www.gldtalk.org/devteam/tv.png


I'm sure with every ounce of my soul that GoldCoin is the future!  ;D




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Oh yeah, and don't dare miss today's Goldcoin Report!   vvvvvvvvvvvvv  :D  ;D  :D

if you just want to invest and not care about it on a daily basis, i suggest spreading the money into the leading coins for each algorithm: bitcoin (sha-256) litecoin (skrypt) and maybe a little in one of the new multi-algo-coins (QRK or SRC)

in my opinion most other altcoins apart from that are just clones with little use apart from exchange rate speculation. there is some money to be made from that, but it needs some effort.

some altcoins have a special feature or two to seperate them from the rest, feel free to gamble some bucks on them for the long run, but don't invest your life savings...

get litecoins when they get under 10

https://i.imgur.com/bfRUP05.png

LOL!  ;D

definetly LTC now.

Primecoin has a nice algorithm and is easy to mine with CPU's, but I am not sure whether it will ever be widely accepted. Namecoin is interesting as an alternative DNS root. Peercoin may also be worth a look. And then you have all the smaller coins.

Go for quarkcoin

Why not distribute it among the currencies to manage the risk.

50%-25%-15%-10%

50% Bitcoin : Most likely to succeed, least volatility
25% Litecoin : Most accepted altcoin by the community
15% Peercoin
10% "Micro" alt coins- DGC, GLD, QRK etc. High risk but great potential for return

Switch the percentages around according to your risk appetite.

litecoin.  It's where bitcoin was 2 years ago

I only buy Bitcoin, it is lowest risk you can get. Other coins are just speculation these get some share on Bitcoin success

invest in Litecoin :)

Go for bitcoins. it keeps rising and youll get good profit in some monthes,if you have patience.

I'm still new to this but i'm currently investing in BTC and LTC only. Seems to be the safest option at the moment, from what I've read.

You have to ask what would make the small coins so successfull when everyday might be created new alt coin...  ???

now may be a good time to go into BTC, it's dropping

Bitcoin is finding new sustainable value, we will see next week, but I guess right below $1000 for next week. I believe about $700 is good value if you buying

Buy recently boomed up coins and spread your investment. You can profit with each coin at various times. Never purchase bitcoin at this moment. litecoin is ok if it is below 30$.

def btc

how high can litecoin go? Any chance they will ever be valued the same as bitcoins?

LiteCoin can go higher, but I don't think it will be ever the same vaulation as bitcoin. (Due to network effect and the number of merchants who accept bitcoin).
Also, don't put all your money into litecoin, spread it among - Bitcoin and a basket of crypto currencies.

Invest in some mining rig.

Mine some promising alt coins of your choice.

Wait for sometime till the mined coins are traded profitably for bitcoins.

If you fail, you can choose to mine other coin and try to make it profitable.

One investment can make you profitable over time.

If split 70/30 Bitcoin/Litecoin.

I was hoping to do this but put 100% in Bitcoin instead. Wish I'd have spread my investment a little more.

I would suggest you to invest in feathercoins or litecoins, others don't look so good to invest atm at all.

I doubt, the smaller coin, the higher chance of dead (abandoned) coin

As others have mentioned, its best to diversify your investments. One useful site is http://coinmarketcap.com/ (http://coinmarketcap.com/) so you can see which ones are more popular with investors. Your suggests are on top of the list!

$500 btc
$300 ltc
$200 ppc

Hey was just wondering how you got on with this? I'm also looking to invest some monies into the bitcoin! I had thought about purchasing some mining hardware but its only "pre order" and then receive in 6 months and that seems to be the only way to acquire such hardware! But in 6 months time perhaps everyone has 1TH/S so the difficulty sky rockets and you never seen any money :(

Had you considered mining hardware? or just purely looking at buying coins?

Also the bitcoin seems to have decreased a little in value, is that really becuase of the whole thing with China? Will it go back up you reckon?

I believe that both Bitcoin and Litecoin are likely to increase anyway.  The reason is that there are so many people working on expanding the number of ATM's, exchanges, and eCommerce sites that will accept them.  The Bitcoin economy is growing, and there are more ways to make use of these.

EDIT: 25% investment in each of BTC, LTC, physical silver, and several altcoins (Name, World, and Peer).

You should invest in bitcoins after prices stabilize or litecoins when prices go down.

Those two are the most prominent cyber currencies that have the best chances of survival and success.

Or, you can buy some dogecoins https://bitcointalk.org/index.php?topic=361813.0;topicseen

Haha just kidding, but the idea is so funny.

I would invest $1,000 in Litecoin and then if you can cough up another $1,000, put that other $1k into BTC. Then you will have 1.0 BTC plus ~$200 extra in BTC that you can use to spend on some gifts or something and help stimulate the BTC economy.

And when you buy your LTC it would be a good idea to generate a secure paper wallet and send the LTC there. This way they will be safe for long-term storage and you won't be as tempted to sell in the short-term. Hold them for a couple years and you will be happy you did.

Grinderman is really the poster giving the best advice here. If you only have $1000 to spend, you need to spread your investment.

Since it's just a thousand, I would probably be a little more bullish on the niche currencies, though. I think that going for about 1000 of maybe 10 or 20 different new currencies could yield a major windfall down the road. Some people have also been talking about how BTC is the most widely accepted, forgetting that you are doing this as an INVESTMENT, not to make purchases. Best of luck.

In my opinion ltc is very dependable on btc, so try to 70/30 with btc/nvc pair.

Most future promise has Bitcoin, remember the network effect helped Microsoft to dominate OS market till today!

60% on Bitcoins when it crashes, 20% on Litecoin and 20% on Quarks  :)

DGC I believe will rake back the most profit other than BTC and LTC, if you like an underdog like me.

Digitalcoin has disappointed me but i still have faith in it. It's very stable

No love for namecoin or primecoin?

get devcoins! LOL

WDC

well quarkcoin is doing really well, more than doubled its price today, thinking about jumping ship soon but maybeez not lol

What coin that is very cheap right now $0.007 or less you guys think will explode in price in the coming months?

Really would recommend WDC mate......

http://coinmarketcap.com/ - over $20,000,000 invested (plenty of room for more ;P)

http://www.reddit.com/r/worldcoin/comments/1sh8d9/wdc_btc_20_imo/ - follow the links on that :)

https://www.facebook.com/worldcoinfoundation?fref=ts

Its .70 dude, thats not a cheap investment to me.


Although i do like WDC.

Bitcoin and whatever you make in gains, use it for litecoin

Probably all three coins would be a good investment AFTER current bubble explodes

I wouldnt Invest long term in anything but BTC and LTC, but in the really long term Im not so sure about those as newer coins offer other kinds of value that the old ones dont. In ten years a coin with faster transactions or other noveltys might very well have taken over the leading position as fas as Im concerned, but for the time being my bets are with bitcoin. :-)

My suggestion is to go into WDC.

My 2 cents.

Quark is looking pretty good. Sexcoin is up 400% as well.

The lesser known altcoins can spike much harder than either btc, ltc or ppc, but are riskier.

lol love all the guys here peddling WDC so they can have an easier time waiting for the breakout currently in progress ;)

Why are people so into WDC? I've tried to find some solid information on it but maybe I'm not looking hard enough....

Is there really enough difference from other coins that means it'll stay around long term?

I'm trying to get up to speed with a lot of the alt coins for some good short term investing similar to OP with a few thousand to spend.

Cheers :)

Check out this list: https://bitcointalk.org/index.php?topic=134179.0

A lot of the reason people like Worldcoin ( WDC ) is because it's a lot faster than most of the currencies so that means less waiting around for the transaction to confirm, there's quite a lot of dev support going behind it and then there's Scharmbeck which is a WDC/USD exchange that is currently being set up that is supposed to have all the legal paperwork sorted. If it releases on schedule without too many major problems then this will also be another explanation for it's popularity.

I don't mind the other coins but I haven't seen such active support for Worldcoin whereas normally the devs just hang back and make money either way. If it even implements half of the features that the devs want Anoncoin looks very good as well to me, there are others too but I haven't seen them do anything hugely unique yet.

Edit: Sweet fucking Jesus, why does everything have to happen when I need to go somewhere? :( Worldcoin looks completely ready to breakout now in price.

Thanks for the info Lethn, appreciated. I'll have a read through the list. It's pretty hard to get on top of it all!

Litecoin of course

Much better if you'd just invest in one coin... When BTC crash, all coins crash.. It might be hard to sell it immediatelly if your funds are scattered... LOL!

Digitalcoin is doing the same thing as WDC but earlier + super undervalued

Doge coin was made only 3 days ago and is already more popular than most altcoins so that is the best choice

As soon as an exchange starts excepting it it will go wild

DogeCoin hit almost $4 million in market capitalization in just four days.  If they had set it to stop mining at 10 million DOGE's, it would probably be on its way to Litecoin territory already.

Brilliant marketing campaign.

I think this is the best advice. But, it appears that we are in a bubble right now. You should wait for prices to drop before investing.

I see no marketing campaign at all, dunno from where this coin come. All I know it was meant as joke, and I guess it still is

I would go with dev coin. They are up and comers and are backed by some online ecommerece stores.

I would refrain myself from investing now as other mentioned it looks like we're in bubble. Safest investment would be BTC since its the staple of all coins. If cryptocurrency rise, BTC is bound to rise as well; may BTC fall, all other will fall as well. From altcoins Peercoin and Devcoin looks interesting and of course dogecoin much coin wow money so crypto.

LiteCoin can go higher, but I don't think it will be ever the same vaulation as bitcoin. (Due to network effect and the number of merchants who accept bitcoin).
Also, don't put all your money into litecoin, spread it among - Bitcoin and a basket of crypto currencies.

Maybe be a bit late to the original post but I would go for Anoncoin all the way.

It's particularly cheap at the moment and won't be for so long!

The question is, will it become valueble and how?

Investing that multiple coin then single one is batter option i think

you should invest some % in BTC,lite,namecoin, and also invest some new coin like quark and few others that have some good features


wish you Gud luck with you investment

Now is a good time to invest in BTC.
Buy-Buy-Buy

The only way how it could become valuable is many others buying the Anoncoin :)

Not enough BTC volume to maintain the $700+ we are having right now.

+1

Hmm I dunno about peer coin but for me litecoin and feather looks more appealing than btc.

Definitively not smarter, I would say much more speculative

Go to Nxt for long period. Its 2d gen currency. Suppose it will have big future. Or u can play on btc-e or so to make some money.

I'd go lite if anything.

I suggest investing in all three, possibly changing out peer for prime, protoshares, name or feather.

Purely my educated speculation.