Bitcoin Forum

It seems to be my existential dilemma here with joining some of the multi-alto mining pools, on one hand it's easy to mine the days most profitable alto and sell it for BTC or LTC on a trading site for instant £££, but then again I have no idea which one is likely to take off in the future and which ones will fade away. I don't want to be like the first ever guy to buy something with bitcoin, a pizza for 10,000 BTC!

Just wondering if people here are stockpiling these altocoins, or trading them for BTC/LTC that are easier to sell at the moment for paper money.

I might take up a 50/50 approach soon, so far I've been converting to BTC/LTC daily and selling at bitbargain.

Stockpile or sell?

Stockpile!

Both. Knowing when to hold and when to fold is the nature of the game.

That's the difference between being a bag holder and a weak hand.

I can agree with Nullu, is depend on a few factors: your trading strategy, knowledge base on the coins developments, and the "inner circle" of those who possess the power to control the price.

Essential, going the long is always the easiest.  Set it, and forget it.  Interesting enough, I just so happened to write an article on the stability/usability for altcoins.  Feel free to check out the below link.

http://tinyurl.com/m7vz9z3

Thanks,
Scottii

Depends on coin - if I see it being pumped beyond reason I sell most of them, otherwise I stockpile/sell 50%. Then I buy next gpu [so far upgraded my hw from 100 kh/s to 890 kh/s :D] and after doing so I farm them again to have between 0.01-0.001% of total supply of coin. Then I let them lay there for better times. Some[or even most] will die, some will survive, some of them will go to the moon in next bubble[I'm looking at you quark] :)

Heh snap, except I went for a 7990 as a mate had one and didn't realize how good they are for mining so sold me it for a goood price :)

I think Ima keep any of the top 20 coins in terms of current $$$ value and sell the rest. I need to come up with some rules and work out how much time I can put into research ...

Man .. tinyurls are scary. You should post the actual link :P

http://www.cryptocoinsnews.com/2014/01/15/dark-horse-cryptocurrency-franko/

^ agree with that!

The more I reflect on this the more I'm up for stockpiling ... these virtual currencies are so new I think in general the only way is up for the markets as more people worldwide come online and more people get technology that can use them.

Stockpiling all the way!
Waiting for the big bang!

Stockpilling, all are dead anyway ...

Crapcoin DEAD
Dubstepcoin DEAD
GangnamStylecoin DEAD
NexusCoin DEAD
UFOCoin DEAD
LeadCoin DEAD
Cachecoin DEAD
Clockcoin DEAD
sCoin DEAD
Reserved DEAD
Ermahgerd DEAD

I don't know about UFOcoin. It's being added to a new Sci-Fi exchange soon. I'm keeping on to mine.

Stockpilling LTC, BTC, DOGE.

Sometime sell, sometime keep .... but if my total supply of the coin is small (like less than $20 worth of coins), I usually just keep it unless the coin is clearly going down the drain, straight to the death.


Well, not really (it was near death at one time, but now is reviving, dev is active and the coin is getting attention again) .... currently you can sell it for 0.2 BTC/1000 CACH ( https://bitcointalk.org/index.php?topic=400389.msg4502007#msg4502007 ), or maybe keep it and wait for even better prices :)

But dead? No. Keep watching the coin, depending on how much do you have you may find that the coin is actually quite valuable :)

Also, UFOcoin is also not dead, though it is far from the top when considering attractivity of the coin.

fixed.

Stock: BTC
restocking: LTC, WDC

Everything else is a mix of stocking/dumping depending on what I feel is right based on what info I have on hand.

I agree. There is currently a giveaway thread blowing out CACH worth 2 BTC running: https://bitcointalk.org/index.php?topic=431850.0

its hard not to sell but if you really believe in a coin hold it.   :)

UFO has an active network and is trading on the scifi exchange.

I'm starting to get a collection of slowing and dead coins-

giftcoin
graincoin
kittehcoin
nyancoin

and some prospects

nutcoin
electriccoin
foxcoin
klondikecoin


I'm sure my list is pretty small compared to others here

Grain is going up in price...
Kitteh is too. People are just stockpiling for the relaunch...should be within the next couple of days to the week.
Nyan has a pretty good following...

So I'm not sure what you mean.

you got your list messed up! kitteh is STRONG,going up in value like crazy.
however nut/electric/fox is dying crapcoins. klondike from that list is also awesome

HOLD DOGE, HOLD RPC, HOLD BTC

Hold anything with 1) community 2) defined niche 3) momentum

If it has all three, double down!!!!!