Bitcoin Forum

Hey members of bitcointalk,  I am a bit new with BTC and I was so interested to use it but i see that the price is fluctuating between up and down too much which made me lose some money. Is this ok with BTC or I have to use another stable Altcoin? And which Altcoin I may use?

Sorry for being noob  :D ;D

Price is lately run by traders and they require volatility to operate and make profit. No stability till BTC is worth much much more than now.

Don't use alt coins if you are looking for stability.

And if you want to go to the moon you use bitcoin. Best of luck.

There are some alts that stay at roughly the price of one dollar, like BitUSD. They are the only things stable in price. The other alts and bitcoin are like a roller coaster.

So, this will last for a long time?? I mean when the price will be stable ?

I find altcoins a bit more risky to invest in, specially longterms, than in bitcoins.
I would leave my moneyin fiat, if not bitcoin. But bitcoin is a decent investment right now.

My theory is that a large part of Bitcoin's volatility is caused by mining. It is a kind of boom-bust-cycle: When prices go up and difficulty is down, then miners can hold currency and sell only a little fraction. That leads to strong upwards price movements. But when difficulty grows, miners must sell more, and more so when prices are falling again. So in bear markets they sell more than normal, and price goes down faster.

So take a look at proof-of-stake altcoins like PPC and NXT: They don't rely on mining. The fact that they are very volatile too is due to the fact that they are traded mostly with bitcoin and are following its price. When their ecosystems grow they should be more stable.

Also proof-of-burn (http://en.bitcoin.it) is an interesting concept that may lead to more stable coins, take a look at Slimcoin (http://slimcoin.club). There are also concepts like BitShares and NuBits where there are "stable" and "volatile" currencies coexisting.

They also does not provide any upside.

Holding BTC now means a chance to increase the investment several times.

You should look into Ripple, that used the currency called XRP. I like to emphasize that Ripple is much more than a cryptocurrency, unlike its native currency XRP. You can look that up.

Also, BitsharesX and NXT might be some choices. NXT and Ripple seem very ambitious in my eyes, and are way ahead on Bitcoin at this point. Just read up on those, and make your own decision.

I don't care if Ripple is a current success/innovative/blah blah.

Ripple is centralised. De-centralisation is the whole point of crypto, IMHO.

There will not be stability until bitcoin is worth five or ten times more. It costs too little for the whales to move the markets now. Dead altcoins will provide you price stability and you don't want that kind of stabililty.  ;)

For the crypto anarchist that is a point that cannot be compromised on. I however declared ideology, and everything that comes close it, dead a long time ago already. Also: Bitcoin mining is heavily centralized, which makes it rather ironic to claim that it is decentralized.  That is a simple fact that will always kill off nonsense about alledged de-centralisation of the coin.

'nough said

How many did Satoshi hold again ;)? Or on a different note, how much of all coins in existence at the moment are held by the top 1000 adresses?
But to fill you in on how this works: 55 will indeed be distributed if I'm not mistaken, the remaining 25 billion will remain locked up until there is a use for it. Also: the founders are all bound on holding onto their XRP via lockup agreements. But you could find that on the internet, although I have this feeling that you already knew this.

Well I didn't know the breakdown of XRP that Shak posted. It just looks to have too much of a control and vested interest for me. I believe that you can go into business/politics with the best intentions in the world and still become corrupted by the system, and Ripple looks corruptible and self-serving towards it current bagholders to me. NXT looks like genuine though.

I have to say: this amount of nuance is pretty rare for these boards. I commend you for keeping the standards up amidst all these trolls. Normally the standard reply about anything but Bitcoin can be summarized as 'aggressive'.

the satoshi-stash in bitcoin is there, for sure. here is a nice article about it with a good estimation of his amount of owned bitcoins:

https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Bitcoin's volatility is entirely to do with its low market cap. As it rises, stability will increase. This is why we need more skilled speculators and traders, it is an opportunity IMO. Keyword is skilled. Noobs and gamblers are being eaten alive.

Don't buy alts. They are designed to suck in BTC.

You can't actually use alt coins. They are for purely giving money to the next guy that promotes his alt enough to get rich.

^^^^Thanks, ParabellumLite. The troll posters on this board only serve to occasionally amuse me. Anyone with an interest in Bitcoin that extends further than to making money should have a look at the alts IMO, since advancing technology is important for crypto to survive. I don't think the blinkered attitude of "Bitcoin is the only one!" is a helpful thing.

Some alts are legit, but thats tre most of the alts are just money making schemes.

word of advice:

don't buy into the bullshit of the bagholders. Bitcoin bagholders are just like altcoin bagholders exactly the same trying to talk up their investement. Bitcoin isn't better than any alt - in fact most alts are technically better and have better fundamentals than BTC. If you would launch BTC today in altcoin section nobody would buy it because it is really stoneage technology and heavily inflationary (no profit in it, miners dump it all down). Bitcoin is broken on the fundamental level and will not forever be #1 on the list. There are quite a few stable altcoins out there and they have a bright future and will make you more profit. Bitcoin is not looking good right now. There are these alts you are looking for. (I'm not naming any to avoid being called out for pumping this or that coin) The volatile coin will loose out to the more stable coin. Bitcoin isn't going to make a lot profit now. It maxed out already. There will be hefty gains in some altcoins this year. Bitcoin not so much - it is oversupply with 3600 new coins every day.

just remember: Bitcoin bagholders hype their coin extremely hard and lost many, many people money with it who bought into their hype. You need to think for yourself and also look at old threads, make own research and draw own conclusions. Don't believe a word from anyone. And do not buy promises on what will be later - not in btc and not in alts. Do never buy based on promises.

Elwar is a known Bitcoin pumper btw. He has been telling people to hold and buy all through the decline from 1000$ down and still doesn't change his attitude. That guy is full of shit. Avoid!

haha.. would you like to let us all know which alt is stable over time?  ohh you mean the ones with no volume.. yep they're all pretty stable at a few satoshis each.

As bitcoin price changes so does every other altcoin. Check the graphs they all do the same thing.

anshar, have a look at CoinMarketCap (http://coinmarketcap.com/). It appears that some alts are in the red and some alts are in the green. This is the case almost every day. So all alts don't do the same thing.

Altcoins are mostly heavily tied to the price of Bitcoin/USD. That means: If Bitcoin continues to fluctuate (which it most likely will!) also Altcoins will fluctuate - at least in comparison to the USD or other FIAT currencies! I fear there's nothing you can do about that...

I agree that at the moment the majority of alts are very heavily influenced by the price of Bitcoin: either following Bitcoin or swinging against what Bitcoin is doing.

That doesn't mean that a particularly cool alt won't gain momentum and find its own market though.

A 'particularly cool alt' would effectively be a Bitcoin killer then. Even Litecoin is heavily tied to Bitcoin's price/USD. We've seen quite a number of promising altcoins or at least interesting ideas, yet they've all failed to gain real traction...

Yep, and my guess is their slow ability to gain traction has been result of sitting in the shadow of the Bitcoin colossus, which has major market cap compared to them...

I would hope that if Bitcoin continues to slide then it doesn't spell the death of crypto, even if it just goes to sleep for a while, price wise.

Well, I think there mere nature of Bitcoin being a cryptocurrency is enough for it to be 'unique' in the financial world. We don't need fancy PoW, PoS or faster block times, or whatever. Bitcoin itself is the biggest brand, and it's advantages and it's current capabilities are enough to warrant its existence. In my opinion, improvements and new features should be introduced as side-chains.

Another vote with the crowd here. I doubt you are going to find stability in any alt coin. The wild fluctuations in price are because no one has any control over BTC. Most of us see that as a good thing.  

i know an alt that rallies when btc drops and holds stable when btc rises ... it's clawing up bit by bit against btc and also USD... well there's at least two or three of these. I'm making good money right now with shorting btc and playing said alts. You shmogs will have to look yourself for said coins because you are all pigs and i will not tell you.

Bitcoin has maxed out already.It's going to go 100$-range this year - it even needs to fear ltc and doge now.

Bitcoin, or any other freely floating coin, isn't likely to be stable for a long time to come. If adoption grows, they should theoretically stabilize due to increased overall volume, but even that is just a guess at this point.

As for Ripple, I'm not comfortable with the amount of counterparty risk you have to assume just to use it, due to the way it's essentially a system for exchanging IOUs.

if you look at price change of altcoins you will find out that there is much much more change in altcoin price than in btc prices, also it depends if you want to USE bitcoin or just trade it since you are saying that you lost money!

There are 100 "innovative" alt coins and another 500 stupid hype coins.

Of the 100 innovative coins ONE might survive and overtake Bitcoin. You will never be able to pick the one until it too late.

I have watched at least a dozen coins top 40 million dollars. All have tanked except LTC. Ripple valuation is a scam.

Pick your poison.

100? I think that is a gross over-estimation ;)

I would say, there are 20 to 30 actually interesting projects, perhaps even less. The rest of the altcoins are clones for the fast pump-and-dump and scams.

It will be stable when more people will start to use it, it is a "side" effect of the decentralization. At the moment the price is only a question of pure speculation ( I hope to see it stable one day , also 50 $ but stable).