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Title: "Blue-Chip"-Coins Post by: Chellger on February 03, 2014, 10:07:18 AM Hey there!
Well, so two weeks ago I was sure that I'd daytrade my 0,01 BTC-Investment into the kind of money, that would put the Treasure of the King under the Mountain to shame. I'm getting there, but it might take actually longer then I expected. I'm at 0,1 BTC now. Mainly because I've bought 0,1 BTC after I've lost the 0,01 BTC the Second I hit that Buy-Button for TIPS and MOON at their very hights. Now I've come to think that a more longterm approach could be wiser. What coins are here to stay? I've heard good things about Peercoin, Quarkcoin and Earthcoin. Where can I put my money into, without the worth of the coin jumping around like crazy? Title: Re: "Blue-Chip"-Coins Post by: teukon on February 03, 2014, 12:27:51 PM Short-term price movements shouldn't affect you if you're investing long-term.
If you want to minimise volatility you should look to older coins or coins with greater "market cap" as a general rule of thumb. Note that some currencies don't derive their value primarily from their network effect (look up Nextcoin and NoFiatCoin). My recommendation would be to go with Bitcoin. If you perceive this as too risky/volatile then stick with fiat and make a note to check out cryptocurrencies next year. Title: Re: "Blue-Chip"-Coins Post by: hilariousandco on February 03, 2014, 12:35:17 PM Hey there! Well, so two weeks ago I was sure that I'd daytrade my 0,01 BTC-Investment into the kind of money, that would put the Treasure of the King under the Mountain to shame. I'm getting there, but it might take actually longer then I expected. I'm at 0,1 BTC now. Mainly because I've bought 0,1 BTC after I've lost the 0,01 BTC the Second I hit that Buy-Button for TIPS and MOON at their very hights. Now I've come to think that a more longterm approach could be wiser. What coins are here to stay? I've heard good things about Peercoin, Quarkcoin and Earthcoin. Where can I put my money into, without the worth of the coin jumping around like crazy? Heard good things from who? Users on here who hold lots of those particular coins? Nobody can tell you what coins are here to say, you're best just looking at the evidence yourself and making your own mind up, but the biggest bet in the longterm would probably just be to stick with BTC. Title: Re: "Blue-Chip"-Coins Post by: Chellger on February 03, 2014, 04:04:54 PM If you perceive this as too risky/volatile then stick with fiat and make a note to check out cryptocurrencies next year. I can't. I fear, I'd miss a hell of a party. Title: Re: "Blue-Chip"-Coins Post by: teukon on February 03, 2014, 08:33:33 PM If you perceive this as too risky/volatile then stick with fiat and make a note to check out cryptocurrencies next year. I can't. I fear, I'd miss a hell of a party. Cool. In which case I can only echo hilariousandco. Read, read, and read some more (I'd start with Satoshi's 9-page whitepaper (https://bitcoin.org/bitcoin.pdf)). Title: Re: "Blue-Chip"-Coins Post by: WompRat on February 03, 2014, 08:54:11 PM If you are in it for the long term you might want to consider user adoption as an important indicator. For me it is vital that a coin is used and the user base is expanding exponentially. This rules out certain coins like Peercoin which are lucky if they add more that 200 wallet addresses in a day. It may not be liked universally, but the only 2 growing at sufficient rate for me are Dogecoin and Bitcoin.
Title: Re: "Blue-Chip"-Coins Post by: Ed4252 on February 03, 2014, 08:58:56 PM If you are in it for the long term you might want to consider user adoption as an important indicator. For me it is vital that a coin is used and the user base is expanding exponentially. This rules out certain coins like Peercoin which are lucky if they add more that 200 wallet addresses in a day. It may not be liked universally, but the only 2 growing at sufficient rate for me are Dogecoin and Bitcoin. How can you tell if a coin is being used? How does worldcoin compare? Title: Re: "Blue-Chip"-Coins Post by: DooMAD on February 03, 2014, 11:36:41 PM How can you tell if a coin is being used? How does worldcoin compare? Trading volumes (http://www.cryptocoincharts.info/v2/markets/graphicalComparison) across the various exchanges might serve as a good indicator. Litecoin has been pretty active today. Coinmarketcap (http://coinmarketcap.com/) might also be of interest if you want to know the total amounts invested in different coins. Title: Re: "Blue-Chip"-Coins Post by: PoolMinor on February 14, 2014, 12:16:14 AM I speak from months of experience. Find a several coins, look into the webpages and info pages. There are a few necessities in a good coin, block explorers, merchants, quality algos and high network hash. Pools and developers of other uses beyond gambling is a plus.
Not to push a particular coin in your face but FRK is very undervalued due to market share with low coin counts. Only 112K FRK exist but at $1.50+ each it makes for low ratings. Right now is a difficult time to purchase any altcoin based on the dropping price of BTC they also tend to lose value. Good luck in your investments. http://i60.tinypic.com/2zz5kkp.jpg |
