Bitcoin Forum

I am new to virtual currency and looking to buy some. Am considering Litecoin, NXT, vertcoin and infinitecoin. Can someone please suggest me what would be a good option to start with ??

Much appreciate the help. Thanks :D

buy nxt it has nice features and more features are added.you can buy nxt on bter,cryptsy or poloniex.

I wouldnt buy litecoin. Dont know about the others, except Nxt. It's definitely innovative. If youre interested: nxtforum.org
Or just buy btc.

LTC and SJCX. :)

   ~~MZ~~

You have only one option: Bitcoin.

Good choice nxt have good features.
Try sjcx and xcp.

I am gonna say only invest in Bitcoin. But a lot of people saying NXT, it makes me wonder now should I myself buy some or not?

If you want to buy cryptos, you should buy bitcoin. It has the largest market cap. If any crypto is going to succeed, it is going to be bitcoin. Investing in altcoin is not for newbies.

I'd advise you only invest in bitcoin for now (not more than you afford to lose), best to do a lot of research if you plan to invest in alts as a majority are just get-rich-quick schemes.

If you have a lot of money, buy bitcoin and nxt too. Give priority to btc because this time to buy btc

Look at the ltc graphic, it is going down and down and won't go up.

Nxt is a good option and of course bitcoin,now is the best moment

What do you mean by "won't go up"? Now BTC is going down, not rising, will you tell it won't go up? Please don't spread FUD. Price of Cryptocurrencies rise and fall and again rise... It will be dead when people thinks the coin isn't worth buying. But many people are still using LTC, so I don't think it will die. It will rise along with BTC.

   ~~MZ~~

Absolutely NXT.
The other three is going to die and just a clone of bitcoin, it can;t provide more than bitcoin.

Why not Bitcoin?

If you don't understand Bitcoin well you will probably get eaten by experienced people if you go to altcoins

Who knows, maybe it will rise again a little, but still, LTC fell much more than BTC... and more than majority of top 10 alt coins

LTC went from 0,05 BTC to 0,0077 BTC, it lost a lot compared to Bitcoin.

Ofc the past is not a good indicator for the future... it's just that Litecoin is not very innovative / doesn't bring something new to the table.

I'm not going to tell you to not buy Alts, but for the most part, they're all experimental proof of concept pump and dump coins at the moment.

http://coinmarketcap.com/

Only Bitcoin at the moment, has all the VC funding, the major developers, and major backers and support at the moment to truly survive.

But if you want to experiment with a few bucks with the Ripples, Litecoins, Paycoins, or NXT be my guest.

Market cap don't lie...

My advice, good one, buy only bitcoin, it is core of what cryptocurrency is. Nothing else matters, nothing else give u anything new than bitcoin that matters

just buy bitcoin, and don't fall for big trap like "paycoin"

While it is true that bitcoin is the biggest, the most established and known cryptocurrency but with some knowledge you can earn pretty big money on the other altcoins. Paycoin is that bad. I've seen many worse.

Let me reinstate something.
"-- Paycoin with a 20$ Floor"

Paybase.com : "XPY Value: 4.19$"

The easiest way to buy any of those coins is to buy bitcoin first. I think it is still the best option!

(my first post!)

Firstly don't bye other cryptocurrency other than btc.because it is established site.
Secondly if you wan to but then buy ltc or stellar. These are also good cryptocurrencies

What a bunch of helping people :D. I will take all the advice and do accordingly. The only reason I didn't think of buying bitcoin is because its already too expensive and I feel am too late to buy it to make any profit. Do you guys think differently and feel it will increase more in value?

I will quote this member as he has already said just about everything i would have.
I do own 0.94 Darkcoin and 0.99 Litecoin but i really only bought them to check out what it was like to use.

No way it's not too late to buy IMO, you could have bought in at about $260 USD a coin yesterday and cash out at $295 today, good profit on anyones books.
Always remember that you never have to buy a full bitcoin anyway, buy whatever you can afford, just not more  ;)

It is really hard getting honest replies since most people want to promote the coins they're holding.

Do a bit of research by reading about developers of different alt-coins. Sure it will require some time but you'll be able to make informed decisions.

To start off, here's a good article about investing in crypto in 2015:
http://fuk.io/january-2015-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/
Based on what I've seen, this list has much more credibility than what you've proposed yourself.

I think it is now a great time to buy bitcoin and I do expect the price to be much higher when bitcoin goes mainstream. IMO, it is much safer to invest in bitcoin, as many altcoins were/are/will be pumped and dumped.

You can invest in BTC, and then in BTC mining  ;D This is smart decision  ;)

Don't invest in Infintecoin. That coin is dead and the transaction fees are ridiculous. Litecoin or Next may be ok but whats wrong with just buying the currency that started it all? Bitcoin. I think thats the safest investment option.

Yes, Nxt is a good entry point. Thanks to its long-term trading range, Nxt is stable enough price-wise to buy in stages through dollar-cost averaging:

Battle-scarred tip: Nxt is a good buy when it hits 5000 satoshis or less. It's not a good buy when it goes above 10'000 satoshis.

Lots of FUD here about alt coins.

I currently hold Bitcoin and NXT.
Those are the 2 cryptos i see succeeding.

Just learn about cryptocoin a week ago but fell in love with them just got a wallet download took 3days lol. no one in my country Belize have heard about it. Anyone willing to donate to my walletto try it out & to get me started Thanks i have four differerent wallet but all empty. Bitcoin 1AT1xshyGootwtaC1J9yf23HMxw7BEtrfY   
Litecoin LXnuc3ZBUxtRATsCKusrNihEVxmbdtn5VG
Dogecoin DLJ54TfX8XhadmCgp8JtnFQ21TVSs8HvGd
Fedoracoin EgKrSZDdETmKGPv6A8YyP1BLJwvgbi4dW2

Any liitle donation to anyone would be appreciated just want to learn how it works cannot buy here in country Thanks

Oh wow, sort of exciting to see some new people around here.

This place is awesome but can be a little rough at times as well.

I have a couple words of advice for you when getting started.

1. Never ever delete your wallet.dat, it holds all your Coins and if you lose that there is no way to get your Coins back. Make backups and keep it somewhere safe.

2. Do very thorough research into any Coin you might want to buy and wait atleast a few weeks before judging whether or not you might want to buy some, if there are problems then your probably going to see many posts about it.

3. Don't download any software from untrusted sources, they may contain wallet stealing virus's


Welcome to the Wild West

GTFOH Beggar!


https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-frc3/v/t1.0-9/s480x480/942190_461923813890109_149296934_n.jpg?oh=a02c18b0c6bf60e76cb120290bf664a0&oe=553A30CD&__gda__=1429490278_9dc2495acec43b1822ca50a137ad28e2

Seriously, no begging or hand outs here.  You gots to work for it like everyone else, bruh.

Hey man that's not very nice of you, we were all newbies once.

Don't take advice from this forum or others. Do your own research. You have much reading to do..

That being said, Bitcoin. Its the reserve currency of all crypto and everything is traded for it. Buy now while its low, or maybe wait to see how low it goes.

Welcome to the forum. Do your own research about what you think are the right decisions for you.

\

Agreed. As you can obviously see, it isn't exactly obvious what will make you money and what won't. I, personally, think you should spend at least a few months researching and getting involved in the cryptocurrency community as a bystander before investing money. Also, many people think bitcoin could continue downward so don't fall into the trap that it is a sure money-maker.

you want to own a few Unobtanium just in case ... (most scarce and also most stable pow-coin under the sun)

Nxt all the way. I wouldn't bother with anything else atm

to someone new.  just hold your hard earned money for now.  all of crypto is in a slump right now and could go down some more.  just be in the sidelines and keep watching the market.  be patient, but be ready for some bargain hunting.  do not be in a rush to take a position, crypto ain't going anywhere.  and we do not want you bagholding...  ;D

btc is the best choice, maybe try to learn a bit about trading.

Best advice: before investing do some reading and research!!

I'm fan of
Blackcoin, Quark and Magicoin at this moment.

Lookup the price vs time charts of all or major altcoins (including new and waiting to be born)...take some time comparing them. You will find a certain pattern repeating. That will tell you which coins you can buy now to sell at a higher price later.

You miss something.
Bitcoin has the biggest market cap and will most likely grow further, thats right.
But there will be the time, bitcoin gets unthroned of other cryptos. Probably not 2015, you don't know when, but it will be for sure, because bitcoin is not made for the future and its getting just "old" compared to others... (less features and speed, I always compare it with a 14400 Modem...)

So just think about the scenario, that you invest in an promising altcoin with a lower market cap, and if it overtakes:
If you invest in ripple, you get about 5 times profit, if it passes bitcoin.
If you invest in bitshares, you get about 100 times profit, if it passes bitcoin.
If you invest in nxt, you get about 200 times profit, if it passes bitcoin.
If you invest in supernet, you get about 1000 times profit, if it passes bitcoin.
If you invest in TileCoin, you get about 5000 times profit, if it passes bitcoin.

Ok the lower it is, the less likely it maybe gets, but still think about it. Lower marketcap can also mean opportunity ;-)

Well if you new and want to get into alt coin i'll give you 1,000 free htlm5coin if signup with this exchange  through this link https://bleutrade.com/sign_up/11412
They have wonderful support and very simple trading platform and wide variety to deposit and withdraw funds.  Email user name to cryptoinvest@yahoomail.com for coins to be transferred immediately

only one ive added to my list in months is VIORCOIN

pahaha

Don't listen to the bitcoin nutcases. They lost everyone money who listened to them. Bitcoin is full of bagholders looking for the exit.
Look how scammy they tell people to buy their shitcoin during the most epic crash. Whatever you do: stay away from bitcoin - it is not a store of value, it's an inflationary currency. Only hold shortterm.

Altcoins are a minefield too. Needs to do good research - most is scam. Stick to the established alts that have shown to be capable to maintain some value.

dogecoin, STR. both seems to be good picks right now.

I have to agree that you should really do all the research you can before trading in any coins. Trade only with money you are prepared to lose. We all saw how volatile Bitcoin price is. Altcoins are 1000 times more volatile!

You should also look at www.coingecko.com in your research to get a more holistic evaluation of the coin by looking at developer activity, community support, trading volume etc.

DYOR and then make a choice.

Sorry but coingecko.com is a joke.
Developer score (activity on source repository) of Litecoin
 is 89, and only 71 for Nxt
 :D

I like CoinGecko, even though NXTs ratings there could be better...... ::)
But, hey, the one thing CG can't quantify is the most important thing : how well does the tech work ?

I think, btw, that NXTs low rating on Dev score is based on the fact that we have only recently put up a GitHub repo, previously we had everything on BitBucket.


On the OPs investment question: DYOR means do your own research, and you should do exactly that.
Take the time to figure out what is BS and what is real before you invest, a week or two waiting and researching won't make any real difference to your investment in the longterm, but it could save you from making an expensive mistake if you rush in now.

Having said that, BTC does look like a good buy right now, and NXT is always a good idea.
 

Agree with EvilDave. For longterm take the time to do some research! Lots of scams and clones in this cryptoworld. Just take the time and start reading!

Hi EvilDave, this is Bobby from CoinGecko. I just saw this comment. Has NXT moved their repo to Github? I can only find an unofficial mirror on Github while things still seem to be on Bitbucket. If NXT is planning to move to Github, do let me know by dropping me a PM or email at bobby@coingecko.com. Thanks!

Drk EXCL is my best bets