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What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

Low liquidity means extreme upside potential! Besides, Bitcoin went up so much exactly because bagholding aka HODL so I don't find your argument good enough to dismiss altcoin markets recovery.

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

Altcoins is fun to have, but for me is no point for me to use I am just using bitcoin to just hold it.
I am sure that in the future I will get a nice profit.
Because bitcoin have a potential that it can grow so high.

Altcoins are worst than penny stock.

The same was true for Bitcoin not so long ago.

And this is different from bitcoin ...how?

Why would invest someone money into "re-inventing" the wheel?
Bitcoin is used by at least 1 million people, and it was the prototype. While 98% of altcoins are a simple copy of it and LTC?

you really want to compare those to bitcoin? don't make me laugh

Just because everyone are going crazy about that old, slow, worn-out but the first-ever and most widely used car you should not be dismissing Lambos and Ferraries lurking in the shadows. For example, what one can do with NXT alone is actualy more (and 10 times faster) than if Bitcoin is combined with Counterparty and dozens of 3rd-party centralized services. And some altcoins are so light that one can run a full-node on smartphone which means as trustless and decentralized as you can go with Bitcoin but without a need for a computer. That is a real deal to me and an area where Bitcoin already lost the battle.

you really want to compare those to bitcoin? don't make me laugh

Bitcoin is much bigger, better and more secure than all other shit-coins out there.

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

Gone are the days of central planning of our different means of payment.

So it is really wise advice to buy some altcoins in small amounts, because they have great upward potential, and you only have to invest a small portion of your BTC stash. But you should know what you are doing, that's what the OP is missing.

Bitcoin is the best investment of this decade. I know altcoins can get you a lot profit in a very short time, but it is basically gambling since you need a lot of luck. That's why I don't buy altcoins. Bitcoin is the only coin for me.

It is just bigger than altcoins, not more secure.

That's total junk. Thousands of people have attempted to roger Bitcoin in every way possible and it's still rolling. I don't think the same can be said for many or any alts. If they were actually put to the same test there's no way of knowing whether they'd wilt immediately.

Try telling that to someone who lost money on Paycoin or Cloak. Majority of altcoins are pump and dumps designed to profit the developer.

Either buy and hold or learn to trade.  

It is just bigger than altcoins, not more secure and definitely not better.

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

I think my argument is very strong actually. Altcoins are worst than penny stock.

In my opinion, most alt coins are not even worth it at all due to the fact that the most of them are just pump and dump scams. As you could see, not even Litecoin proves to be a good alt coin (it has no innovation at all and it is about to die) but among the list of alt coins that will probably survive for long term and might be profitable in the future, I think Ripple and Ethereum are the right choice. Just look at the news and see why Microsoft has been using Ripple's Interledger Protocol for his BaaS (Blockchain as a Service) and Ethereum for its Azure Platform. That can only mean one thing, and that is either Ripple or Ethereum might replace Bitcoin in the future. Just sharing my thoughts.  ::)

You say many of them outform Bitcoin in all its technical aspects, yet you don't give any examples. Last time I checked, I didn't see any coin that has proven to be stable under Bitcoin's pressure, which is the nº1 reason to bet on it. Maidsafe is the only coin different enough that I would be able to trust long term as something valuable.

(alt) coins do not have the potential to go up so much. 1000% is an impractical amount. In the last 6 months of me trading alt coins, not a single coin that I know of, has gone up 1000%

Bitcoin is the longest (I think) running blockchain...I think of it as basically production software that's been running flawlessly for almost 7 years, it has not been shut down, or broken and is being used to transfer value.

What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.

This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.

The downside risk is they go to zero, which is the same risk as bitcoin.   But the upside potential of altcoins is much bigger than BTC because they have a long way to grow still.

Are you retarded? 

Where is the potential upside if they just sit being batted back and forth between the same tiny pool of buyers?

Lol Altcoins.  ..
I know bitcoin has plenty of problems but Altcoins are not a solution neither do the vast majority of them have any potential or future.

Low liquidity means extreme upside potential! Besides, Bitcoin went up so much exactly because bagholding aka HODL so I don't find your argument good enough to dismiss altcoin markets recovery.

Altcoin are good only for a little but they cant compared with bitcoin anyhow.

i dont see any reason for choosing altcoins

Added features? Oh you mean premine and PoS scam?

Ladies, no kidding, this month it will born the true BTC competitor. Sure most of you don't know about it, so I tell you now before you see it at 2nd place with Billions of $ market cap. IOTA.

Fast non-technical summary: SIMPLE USE,NO BLOCKCHAIN, TANGLE TECHNOLOGY, DESCENTRALIZED NETWORK, NEARLY INSTANT TRANSACTIONS, SUPER LIGHT NETWORK, MINIMUM WASTE OF ENERGY (SUSTAINABLE OVER TIME), LIMITED SUPPLY 0% INFLATION, 0 TRANSACTION FEES, ANONYMOUS TRANSACTIONS, AND A CLEVER TEAM AND LEGAL COMPANY BEHIND.

It may look impossible, but it will be real by the end of this month.

Distribution: There are and there will be a total of 1 Billion IOTA coins, which were sold in a "shadly" crowdsale only for nerds (Russian style), giving a total of only 1127 BTC (aprox. 500,000 $). I say only because of the giant potential it has.

Just telling you before it launches, so you cannot say "Why I didn't invest in that!!??¿" in the future when you see "IOTA" (yes, strange name) 2nd in coinmarketcap.

Based on previous times bitcoin hit new all time highs many alts also saw their own all time highs too. As OP states many have bigger % gains. It seems they tend to lag behind bitcoin when the bull run is getting going but then eventually they spike to their own peaks earlier than bitcoin has its own bubble blow off. Won't surprise me to see this happen again.

No, I mean https://bitcointalk.org/index.php?topic=1153740.0 and other useful features like InstantTX with Dash. Stuff that made Bitcoin obsolete (but no one said it loud enough for you to notice).

bitcoin is all we need.

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

Last year which coin was pumped by 100% ? the answer is bitcoin.

So clueless, consult charts before posting more.

I consider bitcoin more stable than other altcoins, i know what the graphs says but it is a much higher risk investing in altcoins, i invested once in an altcoin and lost 95% of the investment as that coin ended costing 1 satoshi.

I consider bitcoin more stable than other altcoins, i know what the graphs says but it is a much higher risk investing in altcoins, i invested once in an altcoin and lost 95% of the investment as that coin ended costing 1 satoshi.

It is not worth buying many/any now though as it is a needle in a hay stack lol

if Bitcoins rises too much up in value, some people could turn interest in other e-coins and see it as the next 'big thing'.

if Bitcoins rises too much up in value, some people could turn interest in other e-coins and see it as the next 'big thing'.

And when will you start buying? It is better to be a minute too early than a second too late especially if you know past price movements, upswings always being more explosive then downswings.


It is not could but will, just watch it.

The situation is pretty much like with precious metals, where mostly gold is leading the trend. Silver usualy follows, with higher volatilty thus higher possible profits. Other metals are more or less corelated but in any case just because there are gold and silver it can't be said other metals are not useful. Just like some metals outperform gold and silver in certain areas, there are many things one can do with current altcoins that Bitcoin will probably never be able to do. The main difference here is that not enough time passed for anyone sane to call Bitcoin a clear winner.

Look into DMD (Diamond coin) and DGB (Digibytes). Both altcoins have tremendous devs and community to see them through. Do not trust any coins with less than 2 years of history behind it.

Ethereum will be the largest blockchain by the end of the year.   Delay investment at your peril.

probably two altcoins are really under priced...
dogecoin and litecoin.
probably they can rise... (as litecoin from 1 to 5 $ in 2 weeks this summer)

I just checked dogecoin how is pumped today and i can say those who invested yesterday are getting a high profit today (around 30%), sometimes yes it worth investing in altcoins

It's from months that their price is "depressed"... I have accumulated a nice batch from September... Now this rise give a nice profit, but I remember when dogecoin price was at least 60 satoshi and touch also 80!

I remember too when the price was at @70, unforutanetly i sold few weeks before at 30 and i am getting a bit nervous now that i didn't know that today the price will be pumped for about +30%

I decide to not sold my coins, also I exchange 1500k satoshi in the last weeks (LUCKY :D )
I think that this one of the "historic" altcoin with a background (minimum) but with a good numbers of users that accept it, or exchange to trade with in.
Maybe price could touch again 70 satoshi, but meanwhile I prefer to cash out my 30% :P

Largest Blockchain as in the amount of GB in total isn't that big of a deal. Every one can add rubbish to the Blockchain to make it grow in size. It's nothing special.

I decide to not sold my coins, also I exchange 1500k satoshi in the last weeks (LUCKY :D )
I think that this one of the "historic" altcoin with a background (minimum) but with a good numbers of users that accept it, or exchange to trade with in.
Maybe price could touch again 70 satoshi, but meanwhile I prefer to cash out my 30% :P

I also think OP is right.
But I guess altcoins are unstable' though there are stable coins out here.

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

Therefore when you stick with Bitcoin, growth will definitely happen.

Nothing is 100% and so many things can go wrong anytime. If you are invested all into Bitcoin or whatever else you can realisticaly end up nulled. Altcoins, precious metals, land, enumismatics, rare or even unique stuff with constant demand are a nice way to hedge against total loss. Good portfolio is one where person is well diversified within and out of some sector, with very stable to very volatile investments where more attention and money is put into currently stable stuff. But whoever dismisses very volatile investments should not expect to ever see 1000% or higher gains.

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

Could you please specify what these coons are, I mean which ones are they. I don't think that similar profits can be made but a nice nudge in that direction would be of great help

Could you please specify what these coons are, I mean which ones are they. I don't think that similar profits can be made but a nice nudge in that direction would be of great help

i don't know what happened that the doge altcoin is pumped today by 30% simple unbelievable.

As for Crypto 2.0 coins:

https://bitcointalk.org/index.php?topic=1153740.0

But even that won't help you much unless you actualy used those coins, extensively and more than once.


Dozens of them went up 1000% or more, not sure where you are looking.

As for everything else you posted, a problem here is that so many are double-binary = Bitcoin only and the only way is up. Else I'm gonna jump off the building. That is insane. Sure, they can make money, possibly more than with altcoins (totaly doubt that though) but still they are insane and I don't feel well dealing with insane people even if we all are trillionaires.

Dogeparty (working clone of Counterparty for DOGE) went up 45% but with very low volume, still a nice example of how little money it takes to make a major price movement with some altcoins.

http://coinmarketcap.com/currencies/dogeparty/

This is pretty idiotic seeing as how any altcoin that doesn't plan to implement either deterministic block production or lightning network is basically dead in the water scaling wise.  Lightning network with 1MB block size is estimated to be able to handle 50 million users with infinite transactions.  Assuming the new world order plan to reduce human population to pre-industrial revolution levels of 500mil goes through, you'd still need 8MB block size + Lightning Network to serve as world reserve currency in that case.

Scaling wise, the only altcoins really attempting to push anything forward in that category are NXT, Bitshares, Ethereum.  NXT's transparent forging is currently vaporware and unknown if it would ever see the light of day.  Bitshares deterministic block production works, but is cursed by the bad business decisions of Dan Larimer.  Ethereum network partitioning/deterministic block production is also vaporware.  Ethereum might be able to pull off the scaling, but they have a behemoth and maybe insecure software stack to place on top of it that might implode it.

So, in this case, even if Bitcoin doesn't go above 1MB blocks, there's really nothing coming down the line to challenge it's network effects.  Better luck next time motherkwuker.

Low liquidity means extreme upside potential! Besides, Bitcoin went up so much exactly because bagholding aka HODL so I don't find your argument good enough to dismiss altcoin markets recovery.

To buy altcoins bitcoin is only accepted as payment so you have to have bitcoin and you one of the easiest and fastest way of having it is by buying it. You still have a choice to buy bitcoin.

Kraken will be offering direct fiat - Ether gateway like the coinbase of Ethereum. 

Good luck clinging to dying deprecated bitcoin technology. 

Ethereum mist browser is already here,  it makes bitcoin look like a piece of shit.

Sorry about your coin losers, its going the way of the Dodo soon.

also ethereum is nothing new really, it's another bitcoin clone

Deny reality all you like.   Ethereum IS revolutionary.   Delay investment at your own financial peril.

Social networks Friendster, MySpace, search engines Yahoo, MSN all had very strong network effects in their favor, yet the newcomer that offered something much better took it all.

But not one single example involved one cent of user money. All they had to do was skip across to the better platform with a couple of clicks. Trying to compare that when there's actual money in the equation makes zero sense.

It is not hard to sell bitcoin for Ethereum.  A couple clicks as you say.  Thousands have done it already.

I dont think Altcoins are good investment at all. There is way too much scams in that scene. Altcoins (at least some of them) are mostly good way to coders sharpen their skills and good test ground for things that could one day be implemented in Bitcoin but if you ask me, crypto need maybe few alts (with faster confirms, able to send dust cheaper and anon sending options) and that is all.

Not all altcoins are scams. There are a few altcoins that can be considered as a good investment.

Not all altcoins are scams. There are a few altcoins that can be considered as a good investment.

I would not reckon to spend time on altcoins.
99% are scams. The rest run by honost developers.
So yeah you will lose money on that.

Sure, but most of them are just pump and dump, and the chance of raising 1000% is much smaller than the chance of them becoming equal to 0 $

I am so fucking tired of altcoins!

Every altcoin I've ever invested in has either been a scam or gone dead in the water after a while. Granted, you can earn a fair amount of BTC on altcoin speculation, but when it comes down to it I might as well should have just put my BTC in cold storage and then forgot about them until the next growthspurt. The amazing amount of bullshit I've been through with the god damn altcoins just hasn't been worth it.

Fuck altcoins, buy BTC. In the long run it's the safest bet.

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

Top ten altcoins ( Lite,Dash,Doge,Ethereum,NXT,Monero,Bitshares....) will probably survive.
But wait a little longer,new dump is on its way.
And THEN buy some of your favorite alts.

Top ten altcoins ( Lite,Dash,Doge,Ethereum,NXT,Monero,Bitshares....) will probably survive.
But wait a little longer,new dump is on its way.
And THEN buy some of your favorite alts.

To wait a bit longer with top altcoins might be a good call but it is not with realy cheap yet interesting altcoins. It is all related to liquidity. One will possibly not lose much profit if he is a bit late with top altcoins because 1000% rise is very unlikely in very short period of time which means that buying after bottom is confirmed would probably still result in great entry prices. But with very cheap altcoins, where liquidity is very low, 1000% rise is possible in a single buy! Unless you bought coins prior to a rise you'd miss a big part of profit because instead of buying at let's say 1000 Satoshi today you'd be looking at 5000 or 10000+ as entry prices tommorow.

Investing in altcoins requires lots of research if you want to profit unless your investing in the top altcoins.

I would never go for an altcoin since i heard just too many bad things about them.
Most of the developers there are not developers at all, just hiring some guy to make a coin and they make up some graphics.

That's correct. Apart from their bogus marketing plan they can't deliver on anything.
There are a few legit coins with good developers but they too can make a coin go downhill very fast by having no time.

It is undoubted that you can make huge money investing in altcoins, but your capital will be at high risk all the time If you don't have the proper knowledge and strategy to do it. I personally prefer to invest in bitcoin because is the only digital currency with a brilliant future, no matter to be patient for several years to reach the expected wealth.

I dont think Altcoins are good investment at all. There is way too much scams in that scene. Altcoins (at least some of them) are mostly good way to coders sharpen their skills and good test ground for things that could one day be implemented in Bitcoin but if you ask me, crypto need maybe few alts (with faster confirms, able to send dust cheaper and anon sending options) and that is all.

Ethereum is on a big bull run right now.

I invested in monero and nxt and look at them now.

only because of bitcoin, like everything else, all good altcoin usually increase when bitcoin get a pump, nothing new

Pfff not really you total retard.  Most altcoins dump hard when bitcoin rises.  You just dont have a clue, a literal dribbling retard who knows nothing.

I'm very glad that I started this thread because now it is more clear to me that most people who are bearish on altcoins are clueless and inexperienced. Which makes me bullish on altcoins even more.

Dont get butthurt.  Btc market cap is only ~7 billion.  An altcoin that gets popular could easily overtake btc.

You're the only one who thinks like that and the rest; the 99,9% off this forum disagrees with you. You still dont realize that you are the biggest clueless noob here!

You're the only one who thinks like that and the rest; the 99,9% off this forum disagrees with you. You still dont realize that you are the biggest clueless noob here!

If you go into the altcoin game, make sure to be very carefull. I know for a fact a lot of dev's are not here to help crypto...

No, they want to take your money.

None of the alt has so many bagholders as BTC. There are tens of thousands that bought BTC at 1200 USD 2 years ago.

None of the alts supporters were scammed so hardly as BTC fans. MtGox and other scam exchange or evaporated black markets heisted tens of thousands of BTC holders.

If not willy bot and other notorious hypes BTC would still cost 0.01 USD even today - 6 years after its launch.

Don`t say all alts are scams. You must know in which one and when you must invest.

I would agree, but you carefully need to pick right one among plenty of crap. Right now, Bitshares is dirt cheap compared to what it offers, and it was falling for too long. Also, Neoscoin seems like it's dead, but actually it's not, small development effort & hype, and there it goes 10x...

Anything in crypto world with real value (base value more than 0) and growing base value in physical gold is XAURUM. This little coin is the one I have my eyes on.

I don't know man, new altcoins like that with almost no volume are totally not a good idea unless you are trying your luck investing like 0.01, otherwise I don't really see the point since you can't really trade with it with such low volume.

We'll see... Since new year they have a lot of power on goldmine, daily more than 30g of gold mined per day.
I always have an option to "melt" XAU so they send the physical gold to my home.

What a really nice fairytale!

if you are inexperienced, don't go for altcoins. It's not a nice investment.
Unless you like to lose your money. Then by all means invest loads in altcoins.

I believe you must be right. Because no alt bitcoin moves on its own. They highly dependent on bitcoin prices. At the same time the risk of dump is more with any alt coin. To avoid alt coin I believe we don't need any experience, because I learned it from this forum only.

I trade in altcoins and yes it can be good, since there are good times.
But there are also bad times. And these days those scam devs are getting better and better.

It's hard to say whom is true and honest and whom is a scammer.

I'm just going to put this out there since every altcoin scammer is piling on this topic to try to pump their shit: 
 
If there are ANY of the following words associated with an altcoin, it is shit-tier: 
 
- presale
- IPO
- proof-of-[anything but work] 
- staking
- affiliate
- masternode
- pump 
- interest 
- shares 
 

---

 
 
So far the only valid 'proof' discovered that can scale economically is proof-of-work.  Proof-of-stake is flawed for a currency until further notice.

Coins with PoW that waste a ton of electricity sure are the future right? Nothing gets investors excited like a coin that requires ever expanding resources in order to secure the network.

Money must be expensive to create.  That's what gives it value.  
  
A rock that came from a planet a thousand light years away is more valuable than a child's macaroni art.  
  
A coin that was forged through millions of computers all competing using a network measured in zettahashes (PoW) is more valuable than a coin given out to someone for sitting on a large stack of already minted coins (PoS).  
  
You may not understand money as well as you think.  It's not a bug that Bitcoin or Monero is so hard to create - it's a feature.  

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

If bitcoin fails, every altcoin will fail. It does not matter if some altocoins have better technology or not.

If you waste all available energy on mining some PoW coin you will end up with zeroes and ones stored somewhere (HDDs or whatever) that are useless because you have no energy to start the show. Or if we go hardcore physics, since everything is energy, you would end up with nothing, literary. Right there you should see a big difference BTC vs anything physical. BTC is immaterial and requires so many things to function in order to be of some use while everything material stands on it's own. Gold and diamonds are pretty much indestructable and you don't have to use any energy or whatever else to maintain their qualities and properties. Hence all cryptocoins suck in a grand scheme of things.

If it is not up to human greed and a need to secure the network (so failed specie we are) one could run the show with average computer.