Bitcoin Forum

Economy => Economics => Topic started by: krazyk55 on February 19, 2014, 05:52:59 PM



Title: What should I buy?
Post by: krazyk55 on February 19, 2014, 05:52:59 PM
I have 1300 USD and would like to buy some more coins to hold. What do you suggest I buy? BTC, LTC, NXT? I also do not have any mining equipment and was considering getting some but hesitant...

(Sorry if this is the wrong section)


Title: Re: What should I buy?
Post by: Cyberlight on February 19, 2014, 05:53:51 PM
BTC


Title: Re: What should I buy?
Post by: rmines on February 19, 2014, 05:55:05 PM
I'd say buy some BTC but wait with buying at least until MtGox has made their press statement.
Chances are at least 50% prices will decrease so you'll be able to buy in lower.


Title: Re: What should I buy?
Post by: cdog on February 19, 2014, 05:58:26 PM
50-50 BTC and LTC


Title: Re: What should I buy?
Post by: krazyk55 on February 19, 2014, 06:31:18 PM
Thanks for info! The one thing I cant stand though is the fact that I have to buy BTC first to get LTC, is anyone working on USD - LTC?


Title: Re: What should I buy?
Post by: teukon on February 19, 2014, 06:38:34 PM
I have 1300 USD and would like to buy some more coins to hold. What do you suggest I buy?

Gold.


Title: Re: What should I buy?
Post by: rmines on February 19, 2014, 06:56:42 PM
Thanks for info! The one thing I cant stand though is the fact that I have to buy BTC first to get LTC, is anyone working on USD - LTC?

Err..most exchanges, such as kraken.com, offer you the option to buy USD/LTC directly.


Title: Re: What should I buy?
Post by: Cyberlight on February 19, 2014, 07:25:56 PM
I have 1300 USD and would like to buy some more coins to hold. What do you suggest I buy?

Gold.

Good advice, last year 30 percent down.


Title: Re: What should I buy?
Post by: moriartypants on February 19, 2014, 10:30:30 PM
Thanks for info! The one thing I cant stand though is the fact that I have to buy BTC first to get LTC, is anyone working on USD - LTC?

If you live in the US Atomic trade accepts ACH transfers, which removes another layer of friction.


Title: Re: What should I buy?
Post by: Philosophy4You on February 19, 2014, 11:33:20 PM
Definitely Cryptogenic Bullion because its got PoS (proof of stake) so your investment will gain interest. Also, CGB only requires 200$/day to sustain its price which is why it has been steadily increasing in price even during this bitcoin 'crash.'

Read up on it and you'll see why it's going to be an incredibly smart investment, especially if you're thinking long-term. Hope your investing goes well!

www.reddit.com/r/CryptogenicBullion


Title: Re: What should I buy?
Post by: teukon on February 20, 2014, 12:23:23 AM
Definitely Cryptogenic Bullion because its got PoS (proof of stake) so your investment will gain interest.

Sure, you receive up to 1.5% interest just for holding the coins, but there is 2% perpetual inflation, resulting in an effective 0.5% demurrage.


Title: Re: What should I buy?
Post by: miffman on February 20, 2014, 04:42:09 AM
Check out Cryptogenic Bullion :) madesparq project is in development


Title: Re: What should I buy?
Post by: WompRat on February 20, 2014, 09:19:14 AM
I have 1300 USD and would like to buy some more coins to hold. What do you suggest I buy?

Gold.


Gold is pretty good advice.  A lot of bitcoiners are former gold bugs attracted by the whole deflationary aspect mixed with the buzz of a new tech. With bitcoin in a serious bear market and gold looking like it is going up, a fair bit of bitcoin will be shifted back to gold. 50/50 BTC and gold if you must hold some crypto.


Title: Re: What should I buy?
Post by: Ethapus on February 20, 2014, 11:04:24 AM
I have 1300 USD and would like to buy some more coins to hold. What do you suggest I buy?

Gold.


Gold is pretty good advice.  A lot of bitcoiners are former gold bugs attracted by the whole deflationary aspect mixed with the buzz of a new tech. With bitcoin in a serious bear market and gold looking like it is going up, a fair bit of bitcoin will be shifted back to gold. 50/50 BTC and gold if you must hold some crypto.

Not sure if the OP is wanting to buy gold, he was asking specifically for (crypto-)coins. I also third the opinion of Cryptogenic Bullion. It is interesting to note that CGB aims to emulate gold with as closely as possible (hence the name), while at the same time offering all the benefits of crypto. My coin of choice  ;)

Perhaps a healthy split between two or three options you believe in would be a good thing. I would personally not hold LTC, BTC is fine, NXT is risky, though potentially rewarding. Just my humble opinion  :)


Title: Re: What should I buy?
Post by: mrgian on February 20, 2014, 02:33:52 PM
just wait some day,and then at the right moment buy bitcoin!!!! ;D


Title: Re: What should I buy?
Post by: TrailingComet on February 20, 2014, 02:44:35 PM
Just BTC


Title: Re: What should I buy?
Post by: NUFCrichard on February 20, 2014, 02:54:35 PM
This isn't the altcoin forum, so I'll say Bitcoin.
PMs wouldn't be a bad choice either though.


Title: Re: What should I buy?
Post by: el_Tico on February 20, 2014, 03:54:21 PM
Thanks for info! The one thing I cant stand though is the fact that I have to buy BTC first to get LTC, is anyone working on USD - LTC?

Couldn't agree more. It's rough having to buy Bitcoin and then transferring it to Btc-e to buy Ltc. Litecoin follows Bitcoin in price, so might as well buy Bitcoins.


Title: Re: What should I buy?
Post by: mootinator on February 20, 2014, 07:01:51 PM
Thanks for info! The one thing I cant stand though is the fact that I have to buy BTC first to get LTC, is anyone working on USD - LTC?

Couldn't agree more. It's rough having to buy Bitcoin and then transferring it to Btc-e to buy Ltc. Litecoin follows Bitcoin in price, so might as well buy Bitcoins.

Or you could just use Vault of Satoshi... Virtex...


Title: Re: What should I buy?
Post by: brokedummy on February 20, 2014, 09:52:37 PM
Milk. Price is heading to record highs!


Title: Re: What should I buy?
Post by: El Dude on February 21, 2014, 12:21:20 PM
50-50 BTC and LTC

+1


Title: Re: What should I buy?
Post by: bitnooby on February 21, 2014, 12:33:20 PM
im new to this forum and only about a month into crypto currency's so im a bit hesitant to reply, take my advice with a grain of salt.

what i've done is invest $100 into currency's around the markets and wrote that $100 off as an investment in knowledge. i've learned a lot from making small sales and seeing how the crypto currency's work before investing real money.

just an idea that you might want to do the same to get a better idea of how a coin works and its ups and downs so you dont have to ask for other peoples investing advice but start seeing your own predictions.

[update]
what im about to say might be completely off, but something i've noticed is 90% of crypto currency's on the market are directly related to bitcoin. when i feel comfortable enough with investing real money im going to look at http://coinmarketcap.com/ and see which coins go up when bitcoin is down because at the moment to me it feels that if bitcoin dropped to 0 so would most other currencies that use it as a measurement of value. so when i find another currency that stands alone and becomes an alternative measurment that wont go down when bitcoin does i would split my investment in both


Title: Re: What should I buy?
Post by: moriartypants on February 21, 2014, 01:53:37 PM
Milk. Price is heading to record highs!

The demurrage is pretty brutal.


Title: Re: What should I buy?
Post by: Kaligulax on February 24, 2014, 07:57:31 PM
I dont know... maybe BTC and Doge....


Title: Re: What should I buy?
Post by: Spendulus on February 25, 2014, 01:44:34 AM
I have 1300 USD and would like to buy some more coins to hold. What do you suggest I buy? BTC, LTC, NXT? I also do not have any mining equipment and was considering getting some but hesitant...

(Sorry if this is the wrong section)

Half BTC.


Half beer.


Title: Re: What should I buy?
Post by: miketonic on February 25, 2014, 01:01:30 PM
I have 1300 USD and would like to buy some more coins to hold. What do you suggest I buy? BTC, LTC, NXT? I also do not have any mining equipment and was considering getting some but hesitant...

(Sorry if this is the wrong section)
I'd suggest you use ~70 % to buy BTC and then the rest 30 % you diversify between 3-5 alt coins of your choice. DGC, WDC, maybe NXT, something like that. Cryptostocks could also be a good idea to add your portfolio.


Title: Re: What should I buy?
Post by: moriartypants on February 25, 2014, 01:59:19 PM
Don't bother with Cryptostocks unless they are verified and you talk to a human being on the other end. 

Much scam.  Very burn. ouch.


Title: Re: What should I buy?
Post by: miketonic on February 25, 2014, 02:01:57 PM
Don't bother with Cryptostocks unless they are verified and you talk to a human being on the other end. 

Much scam.  Very burn. ouch.
Not every exchange is a scam. Just don't keep your cryptos in your wallet, not in the exchange..


Title: Re: What should I buy?
Post by: OlliBrandt80 on February 25, 2014, 02:16:50 PM
Probaly BTC, but LTC is easier to mine so I think it'd good if you buy both - BTC and LTC.  ;)
Good luck