Bitcoin Forum

Keeping track of all different alt coin wallets was annoying >:( And I don't trust exchanges.

I'm ready for liftoff.

Are you?

(of course I had never more than ~5% in alts)

focus on 4-5 alts that you think are worth it and stay with them. Having 10 alts to follow is a PITA. If you want to make money, keep it simple.

The only alts I have is Litecoin and Namecoin, they aren't worth much these days. I do not have much, so I decided to keep them just in case they rocket (i wish) :D

Most alt are shitcoins. Too bad you can't go short on them :(
I don't see Litecoin as an alt btw

Yes i'm ready for the launch!!  8)

I think you're wise to sell your alts and put them into btc. alts will probably be worthless in the future.


The only alt I have is LTC too. Got 10 and thought I'd keep them and see where they end up as an experiment.

4-5? I never had more than 2 alts at a time (I once owned LTC and Peercoin) and own 1 now (XMR). There are too few valuable altcoins to hold 4 or 5.

I had darkcoin, monero, doge, gridcoin, XC, anoncoin, PND, VIA.

Think I lost money on all except DRK, XMR, DOGE. VIA and XC weren't too bad.

(Made by far the most on DRK which offset significant losses on others. Well, I made the mistake of spending DRK profits on other alts and promptly lost them.)

At the end of the day I don't see any threatening Bitcoin as the "gold standard".

Maybe I'll regret dumping DRK and XMR, but hodling Bitcoin has never caused me problems so far... 8)

For alts look at http://coinmarketcap.com/ it will show you which coins have the best marketcap.
Also look at how long it has survived.

In my opinion everything under $10 million should be avoided. Above $100 million can be viable. Above 1$ billion is safe.
LTC has survived as long as Bitcoin and is a good investment in my opinion.
BTC is always your best bet.

Good move.  Stick to bitcoin.  Sure, you might miss a hyper bubble in an altcoin but there are always far more losers than winners chasing that dream.  Ever heard of a well recognised business proudly declaring to the media they now take dogecoin or litecoin as payment?  Neither has anyone else.  It's bitcoin or it's nothing.

You should go all in, not sold. I am sorry for you.

congratulations.  good move.

You will be happy to made your bed with the alt scene once the next price rally starts. Good move my friend.

For the time being, this seems to be the wisest way to go.  I used to keep a small chunk in LTC but converted all but a few to BTC a few months back, thankfully.

IMO, the alt coin scene is a den of vipers looking to prey on the wild eyed vulnerabilities of those looking to make a quick buck. Some continue to fall for the next coin and then the next after they've been burned thinking there's always a chance at a moonshot that never comes. They fall for the PR and videos that scammers put out and then they part w/ precious bitcoins for that chance to make more that typically ends w/ them losing. People, don't waste your time on anything besides bitcoin, you'll regret it. There's only room for one sheriff in this town.

its quite stupid to go in bitcoin right now as we prepare for another big crash
order books are moving, pressure is building to drop to 400 quickly

The only stupid thing to do right now is to not put your disposable income into BTC.

I have only one alt at the moment because I think it's the best investment of 2015.

Ha, then you didn't lose that much of your total portfolio ;) Smart move. We might have been in for a 3000% Litecoin increase after all, who knows ;) But I think it really is most wise to just keep your crypto-speculation in the Bitcoin world!

Exactly. Even if there is a crash to 400 (which is hardly a certainty) then this will be negligible compared with the exponential rise afterwards.

I gotta say, I'm not entirely sure where we're going now. We may go up dramatically, at least back to $1000 or $1500... But if people decide that Bitcoin just isn't their thing, we will go further down, and maybe even to painful levels! In that case it may be the best thing to hedge and wait until we get back to $700 and are in a definite bull-market

I recently took a review of my own alt. coin holdings / crypto-currency portfolio.

Here is a list of the more innovative crypto-currency projects and/or digital assets that I personal think stand the best chance of continued recognition and/or long-term adoption / usage by the masses as currency (in some form or another). There are a few others, although these are the ones that I feel matter the most, currently. This is not investment advice... and no I don't personally hold large amounts of all of these alt. coins.

BBR - Boolberry - http://boolberry.com/
BTSX - BitSharesX - http://bitshares-x.info/
CGB - CryptogenicBullion - http://cgb.holdings/
CURE - Curecoin http://curecoin.net/ (EDIT: and Gridcoin)
DRK - Darkcoin - http://www.darkcoin.io/
LTC - Litecoin - https://litecoin.org/
MINT - Mintcoin - http://mintcoin.cc/
MYR - Myriad - http://myriadplatform.org/
NMC - Namecoin - http://namecoin.info/
PPC - Peercoin - http://www.peercoin.net/
XPM - Primecoin - http://primecoin.io/
XST - Stealthcoin - https://www.stealth-coin.com/

Being from the UK - if the launch of Sterlingcoin goes well on the 20th of this month, then that could well be a digital asset to watch.

SLG - Sterlingcoin - http://sterlingcoin.org.uk/
 

Good decision! Bitcoin will rise up, like a phoenix from the ashes of all the scams and failed crooked exchanges and services out there!

Currently holding LTC BTC and Doges going good for me because not too much problem with these all now thinking about NXT

I think this is a good way to go.  Most of my holdings are bitcoin.  Alts can be fun but so many of them just flash and then burn out.  Even if a coin may be a survivor, like doge or litecoin, that still does not mean it will be worth a lot in terms of bitcoin.  By all means trade alts and play around with them, but I would not hold them for the long term unless one is developed that really solves a problem bitcoin has.

One of the best thing to do is to get most of your investment in btc and daily some alts that have good volume. That way you can increase the amount of btc you hold and if you find a good alts, you can get some.

I sold all of my alt coins to bitcoin right after the big boom..(thats what I call it)... I question if it was the right move, it sure was better than cashing out, that is for sure.. I think some alt coins will have their place while bitcoin is leading the field by quite a bit. Good move to consolidate them to bitcoin..

altcoin is kind of a leveraged way of playing bitcoin

I would have been better just sticking to btc..

definitely agree! 

costly lesson for me  aswell

That was a wise move of you! Good thing you were only invested 5% in altcoins, some people lost half their net worth or more because they though some canine coin could do the trick!

I hope bitcoin crashes for a short period so I will be able to sell my alts for a lot of bitcoin. And then let bitcoin price recover. ;D

If Bitcoin crashes, it crashes in regards to FIAT. Basically all altcoins are very tightly coupled to Bitcoin in regards of FIAT-value. Therefore the altcoins denominated in BTC need to go up. Bitcoin crashing won't do you any good!

not sure how anyone could justify holding alts in September 2014...... seriously? i would have dumped that garbage many months ago. wait for BTC to get bullish before chasing pump and dump coins.

Define crash... Some might feel that is what has happened.

Some would call it a crash when it dropped from $665 to $465. Mikerbiker6 probably means a drop from $465 to $265 or less when he says a crash.

I own about 15 kinds of altcoins, but most of them are in a cold storage. Only 4-5 I own "activily" and trade wit sometimes. They're some great apps on the market for keeping track of your altcoins, for example the iOS app "Coin Ticker".  In two seconds you can see the total worth of your portfolio and also the individual values of all the altcoins you selected.

Honestly I do think this is a bad time to sell your altcoins; most of my altcoins are doing well the last days :)

Being up 200% on my single alt holding in the last 3 months justifies me holding on to it for now.

I even had 2000% on a altcoin over here ;). Unfortunately I didn't invested a lot into this altcoin, but hey, it was well worth it. I sold a very small part of these altcoins, so I got my investment back + a little profit. The rest of these altcoins I'll keep for the long run, as I really believes that coin has potential.

Care to elaborate on why BTCD did not make your list?

Me? Haven't really looked at it. I bought most of those alts a while ago, not really keeping up with latest developments. (Part of the reason for my selling.)

I'm not really educated or obsessed enough to speculate on which privacy coin will come out tops. DRK was kind of obvious and (early) cryptonote coins too. But it's all getting a bit saturated now. I'll stick with Bitcoin for the long term, and sure, whichever anon coin takes the crown I may use as a currency at some point. Not going to speculate there though. I don't see any being more than the silver to bitcoin's gold anyway, anonymity/privacy is just not a widely enough desired feature (however much we wish it was). And Bitcoin has CoinJoin, DarkWallet...

Horrible decision IMO...

Now is the time to start buying altcoins (I've been through 2 bubble cycles and I can tell you you're definitely making a mistake)

just today XPM, QRK, DOGE are breaking out on heavy volume

I agree that choosing carefully is the key and i would only recommend sticking to coins that are heavily traded

You are right in last few days I also watch some alts going very good and positive I was also thinking to sell but now watching all this and then going to decide about this

I'd say most of your holdings should be in Bitcoin if you ask me.  But buy the alternative coins you believe in, they should be bought low and held.  Nice to have a lot of Bitcoin but I find the market to be very unpredictable right now.  I'm thinking things will get better in a few months but it's really hard to know which way we are going in regards to BTC's price, from day to day.

One: Bitcoin's hold on total crypto market cap fell to 75% during last year's spike.

Two: most cutting-edge stuff is happening in altcoins. Nxt's SAE is a wonderland -- check Nxttycoin.

Mark (IndiaMikeZulu), Australia

I have 100% in btc now, alts just too risky and undifferentiated at the moment
With merge mining introduced, might look at doge again though

Of those BBR, NMC and XPM (because I like prime numbers) seem the most prosiming

I'm waiting to do the same but I made a "bad" investment sadly and I'm stuck with it until I see a chance to sell. All altcoins are doomed and have no future, don't waste your time on them unless you are a good trader, then if you have some inside info (it's all manipulated) you can make good money.

Bitcoin is not bulletproof of course, but it's the only thing that matters, either we make it or we don't, right now we are in the eye of the hurricane, so let's see how the price behaves in the next months.

Yes alternative coins weren't what they use to be. I gave up "collecting" them months ago and am strictly on the bitcoin boat.
Good sails up until now. Not regretting selling my monero, darkcoin and litecoins.
They were only really used for experimenting with at first. I didn't put to much work into establishing a good amount of them like I am with bitcoin.

Usually when BTC rises, the alts rise more, and as a rule, when BTC fall, the alts devaluate too when compared to BTC,

If you think prices will rise, then you should keep some alts just in case and do less diversification to keep it manageable, if you think prices will fall, the best is sell everything to BTC then sell the BTC and wait

This has been my philosophy. I can only speculate it is because people feel BTC is overvalued and go with alts at peaks. But whatever the reason I usually follow this.

Nah, unless you are an aggressive day/short trader with inside information that's pointless really. Just keep your BTC and you'll see you won't gain much in that period holding other altcoins, it's just not worthy. Plus keep in mind the amount of time and stress it involves.

I don't know what kind of alt you owned so cannot judge or give my comment about the "wrong" or the "good" you have made. I personally have at my bitcoin wallet only some thousand satoshi because all my bitcoins are invested. So sell a possible investment to have bitcoin in your wallet if you have possibility to invest those cannot be something good according to me. Bitcoin may be an investment on itself if thought that it is hoped that its value will be increased in time. But have more than this (if it will be so) is twice better. I have invested even in alt and one of those (etherium) is going very well. If go in this way the profits will be considerable. So have sold all your altcoins may have been a wrong choice if in your portfolio has been even etherium. At least this alt that is followed by me. But must be even others.

Only one alt that interests me and in many important respects is superior to bitcoin is DASH. To be frank I'm mainly in bitcoin because network effect, halving coming up and it is globally known during time of probable economic turbulence which is coming. Bitcoin is resting on its laurels though and is not the best crypto.

My main investment is also in BTC, I only have about 1 BTC invested in some altcoins to do a little trading
with it. My investments at the moment are in ETH, DASH, XMR, XRP and MAID

If think that who trade with altcoins must be always ready to find surprises. I don't think that if you sold your etherium not more than three weeks ago you can have that coins again today or another day (with the same price and not less as you may hoped). So you must tell goodbay to your investment or trading hoped with the bitcoin had from this selling. I don't think that etherium will go back some day to that price. It is already almost three times more. And all this only in three weeks. I think that it would be better to hold such coins and not to try to trade with those. Trading with altcoins, according to me, is to risky to be followed. There are not any kind of rule which the alts follow in their movement of price. So is hard to predict how will be the next future of every of those. Maximum can be told that is waited to be increased because is part of a good platform or project but I don't see the way to predict a possible pump and dump of those.

I will keep portion of my alts, they keeping the value of btc for now!
I don't like panic selling , some of those alts could be worth much more!
Maybe i will buy when others sell..

There are some good alts,LTC,DNOTES,DOGE,ETHERUM,DASH.EMER coin has agreement  with MIcrosoft
will be used on Microsoft platform

If you see that every time btc jumps, alts went down.
Time best for buying alts, after few days you can sell those alts again with small profit!

Alts are just another way to get more bitcoin. In the end they are just addons for bitcoin. I for one would bet on btc first then on alts.
Since alts are replacable, bitcoin isn't

i dont have any alt cryptocurrencies too i sold it all a few months back and went all in in bitcoins i hope that the price of it will start growing at a very fast pace, lets hope one day i will be rich

You want to become rich at some point in the future and you have set the first step in the right direction by converting your altcoins to Bitcoin. Holding Bitcoin for the long term might make you rich if you have enough coins. Holding altcoins for the long term will make your coins go worthless and you'll end up having nothing. I wish more people were doing the same as you.

Note that when the original post was written, bitcoin was higher than it is at present, and by a significant amount too.  We didn't exactly lift off to anywhere.  I would agree that selling your shitcoins was a good move though.  There are way too many of them and they're all garbage.

Buying altcoins for bitcoins is not always a good thing as many altcoins have just vanished and people were not even getting a buyer to sell those coins. Now those users are back to bitcoins and are crying over their losses.
I don't believe in any altcoins for that reason, may it be even dash or etherium.

Smart move OP. 

Altcoins exist for a reason. To take your bitcoins. 

bitcoin's a gamble, alts are a super gamble. If I had any, and I don't ever plan to have any, I'd hang on to a few if I didn't care about the money invested. They might explode for no good reason.

i dont even buy anything else than bitcoins because in my opinion its the only currency that will never fail and that will outperform all the currencies that are out there right now

You are so right. Altcoins are just copy cats of bitcoin. As long as they have not proven themself they should be treated like that.
I therefore don't rely on altcoins for investments.

No altcoin project that worth a damn will be out there for anybody to get a hold of it. This only worked for Bitcoin, the rest are all clones of it more or less with some improvements and changes of course but they won't ever take off. If a huge company needs to implement a crypto currency or system, do you think they will adopt an altcoin? They won't even touch Bitcoin, they would just use the blockchain or underlaying technology.

Altcoins creators are just building their resume and learning (the rest are downright scamming people). So my advise is to stay away from the altcoin community, it's all marketing and pump&dumps. Sooner or later you will be just holding a bag of nothing.

I don't really invest in altcoins, I have done some avatar campaigns for altcoin though. That's all really.

Full BTC ?







http://imagizer.imageshack.us/a/img905/2184/HfwQk4.gif

I have some doge just to play with... I know doge has no limit to the supply so no point hodling the coins.

Bitcoin is still the main "cryptocoin" that I keep.

What about eterium? The price is rising nowadays.

Huh,

As it turns out, at this point in time, I just about broke even on my altcoin misadventure, mostly thanks to cashing out back to BTC and then BTC's recent little rise the last few months.

If I'd stayed in the alts, I'd probably be down 50%.

DarkCoin/Dash was by far the best performing, if I'd only bought that alt and hodled it I would of made a nice bit of money. I guess I bought in early there. But literally every other alt I bought went down substantially if I recall and offset that gain. Hindsight is everything.

Still think Bitcoin will remain king in the long term due to network effect, security, maturity, simplicity, etc... Play with altcoins but hodl Bitcoins.

I may buy a little ZeroCash/z.cash when that comes out. But so will everybody else so I'll probably lose money there.

In summary: coins go up coins go down enjoy the ride.


yup, still ready for lift off  :D :D consumed a lot of popcorn in the meantime.

I think it was better to buy Ethereum a few months ago. The price has risen 3 times since 3 months ago. That is quite a big pump.

and that's a good thing, too much altcoins will confuse you and maybe you'll do even dumb mistakes, you should leave 2-3 alts like etherium and litecoin and have some of them and rest in bitcoin, nothing is so good as bitcoin anyway, easier to predict price of it too

Although i am quite active in the altcoin market i understand why you would leave it all together.
The alts, at least many alts, are run by scam developers which just want to pump and dump a coin.
There's no innovation etc.

I have a number of alts and it crossed my mind a good couple of times to sell most of them.

However, XMR, DOGE and HVC I like too much to sell, even if that may make me lose money....

Actually bought a few alts again :/

Mostly for a fun gamble, though the current BTC climate is a little worrying...

I have zero alts.
I figured out that I don't have the knowhow to predict which alts are gonna rocket. It is as good as gambling for me, and there are easier ways to gamble.  :)

Right now I think Ether has a good bit of credibility to it, but certainly not buying in at what could be the top of a huge pump.  Besides that I don't really like alts with the only exceptions being ones that actually being a useful new feature to the table.  They're great for speculation and trading, not so much for long term stores of value.

So many people spouting ignorance as facts. Bitcoin is just as speculative as some of the other cryptocurrencies out there. Btc is NOT a sure thing; in fact, it will most likely never rise beyond 800 in our life time.

I've made more money buying and selling altcoins like DBG and Diamond than Btc in the last 9 months. Much more money. If you're going to speculate with cryptocurrency, go big or go home. I have tens of millions of DBG and tens of thousands of Diamonds. With Diamonds, I just let it mint in wallet and sell the minted coins and make $400 a month, the principal amount stays the same, basically free money. There's better ways to make profit than with only bitcoins. Stupid is as stupid does.

we have all made a lot of money from trading altcoins, but that's just it. as you said it yourself we are just making money from buying then selling those coins but at the end of the day we are all back to bitcoin because it is more reliable and useful.

even if you want to have bitcoin only, you should keep eye on etherium and litecoin, they might rise to top really fast someday, so it's nice no have some of them, and you did good thing because bitcoin is best crypto of all, easier to predict price too

Selling all alts and investing in bitcoin seems to be a good plan. Now at present alts has got high price which gives good profit.

I also did not want to invest into alt coins. Because, they are simply relaying on bitcoin prices. After seeing the collapse of litecoin prices no one will be interested in investing into alt coins for sure.

I think you should have bought Ethereum with bitcoin a few months ago. Then your wealth would have risen 20 times.

Exactly said, because all the alts are running by following the technology of bitcoin. Bitcoin is the leader so its better to accept the leader directly than accepting the followers.

I think that altcoins are ok once you somewhat get a hang of them. For example I have got to know NETcoin quite well. Price almost always keep being the same regardless of BTC ups and downs, so storing them is kinda like storing BTC with an interest.

That would have been luck. Eth is inherently valueless (just like Doge and XRP) so buying them is foolish.

Most of the alts only get traded to increase traders stash in BTC.
Or they do it make some fiat profits. There is almost no other use case.

But that's a zero-sum game. Someone's gotta lose when someone wins.

You people are must be wrong, investing into a single investment option must be taking more risk in my view. The recent pump of dogecoins and eatherium are some good example of altcoin investments. You must diversify your investments.

Well with alts it is most of the time the pumpers and dumpers winning. I am glad i am not very active in the altcoins.
Since it seems everytime i buy the wrong coin and/or sell too late.

Altcoins are interesting to store value. Specially good POS ones.

Not when a alt exchange closes down on you lol.

Esp after the whole cryptsy incident it just should verify your reasons to invest in one coin.

Most people dont get it lol.

So dont bother to explain the lose and winning scenario. Esp when trading there is always someone losing on the other end.

Easier for people to understand is more few big winners = many losers.

IMO alts are created so you sell them and buy more bitcoin :D

we are all doing it. buying each day and selling the other to add to our bitcoin wealth.

bitcoin (big) rise is not happening for a 2-3 month so keep waiting.

thanks to a bunch of uselesses alt i was able to increase my amount easily, they are very good at feeding your bitcoin wallet, and even now they are once again profitable, and could help youaccumulating before bitcoin will skyrocket

a funny thing would be earning the same amount now from alt(mining) when bitcoin will be worth 10k...

yes you are right We all go for alt coins so that we can be a part of their technology and get some benefit from trading with this alt and earn some bitcoins with this trading, but most of the alt coins are going for junk and give you loss, it is upto you what kind of alt you are dealing.

The bitcoin price is quite low at the moment. So it might be a good idea to buy more bitcoin at present.

and some altcoin have biggest potential growing ::)
you can buying some old altcoin undervalued, then after azzure add it price will be rising to the moon.

Buying old coin thats undervalue has so much risk than buying new alts,when you buy new alt coin you can see profit fast.

it doesn't matter if they are old or new. as long as there is enough volume to be considered alive (and not a dead coin) you can find a good old altcoin and buy it low before the rise and sell after that. especially if their price is low like 100 satoshi the rise will give you a good profit.
the new altcoins have more rise and fall but they are more risky also since next fall might be the last of the series.

The only altcoins that have any potential:

Monero
Maidsafe
Ethereum
Factom (maybe)

that's about it. The rest are all lotteries and I don't see any fundamental reasons of them going to the moon other than pure luck of holding some in between a whale pump.

i don't agree, decred is bigger than most of those that you mentioned

good coin are decred ethereum and monero, those are the strongest that will probably never die

it is all about the hype, and microsoft Azure adding them can only create hype that may or may not lead to a pump if there are some pumpers behind it.

also if feel like maidsafe and factom has been a side pump of the project ETH hype and exist in a smaller scale and doesn't really have any real potential.

I think that it is good idea, it is hard to keep eye on all cryptos, so focusing in bitcoins only will really be good for you, also bitcoin block halving will happen soon so you will win money from that too

What a completely empty and useless post from a newly born sockpuppet.


ALSO A COMPLETELY USELESS POST. Block halving doesn't guarantee shit. Focussing on Bitcoins reaaaally did me well since my original post, eh?


I would also add Dash (they are organised with an interesting roadmap and that counts for a lot) and Storj/Sia (a focussed storage network has great utility).

I now have 10% in alts and that will increase if some method is not found soon for Bitcoin to work as a reliable and cheap payment network.

Recently few altcoins grew very high. At that moment users made a smart move bought alts and did trading. That profit has been invested in bitcoin as its more worthy than alts.

The last weeks i have been trading some btc for altcoin as well on exchange CCEX and Yobit.
I have bought some altcoins with a small amount BTC and sold them several times a bit higher. Until now always with luck.
But i know it can go fast down. That's why i use a small amount only and now only the part of BTC i had won.

as much as i love seeing the rise as soon as possible, but i think it is a little soon for lift off. besides i don't know what OP means by selling his alts but i usually sell my alts by trading them with bitcoin and if bitcoin price goes up it usually has little to no effect on altcoin prices so selling or not selling doesn't really make a difference

Its really good to buy and sell some alt as its being hype by its user then expect a big dump after that.

One notable example of this was Ethereum recently. It was being pumped, and anyone who bought <$10 was able to make a profit, all because people started hyping the price.

There is some merit to buying pump n dumps, but it all depends on when you can get in on it and if you'll be able to secure your own piece of the pie.

The ethereum has strong development, so it might not be just a pump and dump coin. It might rise again in the future.

good decisions because using exchange aren't secure any longer because most of them are very vulnerable to be hacked and possibility for lose your altcoins is very big

I have the feeling people will dump Ethereum right before the Halving and buy Bitcoins instead leading to Bitcoin price increase and Ethereum price decrease  ;) There are no bad coins though just bad pump and dumps  ;D Bitcoin needs a little push for that rocket to launch into orbit and we will land on the Moon next year hopefully.

today Im invest at RDD coin buying arround 2btc at 12sat waiting the price hit 30sat like last year ::)
i think invest at altcoin is not bad idea if you know the reason of value it.

I shall buy some Ethereum when the price drops to below 0.012. That could be the price when miners are not profitable.

Its a huge lesson one to take, esp even if it doesnt effect you am I right.

Esp when a major alt exchange goes down, everything is questionable. This similar how when mt.gox just blew up everyones face with bitcoin being the only solid exchange.

I don't think anyone should be keeping anything on any of the exchanges. And that includes altcoins.  I just trade the major ones that have convenient wallets.  I don't trust any of the exchanges.

to be honest some time ago i traded 4 different cryptos, but recently i changes everything to bitcoin only, because it is most popular one and really predictable, also it is much easier to buy/sell 1 crypto then 4 different ones, and also i did this because of halving, because i am pretty sure that price will rise

invest at altcoin isn't bad idea if you know that's coins have good development but many altcoin die fast after their coin launch to market :(

But as we trust in Bitcoin, having a cent percent trust on alts is not possible. I believe trading with alts at times to grab profit and investing into bitcoin could surely be highly profitable.

Selling altcoin could be a good idea. Now, even the most popular altcoin, the Ethereum is dropping in price.

nah, i would never leave the altcoin market, it is too good to get out. when Ethereum goes to hell there is 10 other coins to get into and when those 10 go to hell there is another 10 or maybe ETH again with a dead cat bounce.

anyways i think it is too soon to move back to bitcoin 100%, but i am monitoring it closely :)

Selling altcoin and making profit is possible only at certain time. Altcoin trading at the right time and with the profit investing in bitcoin is a right decision.

I sold some of my Ethereum and Monero and convert into bitcoin. I will buy them when the price is low.

No need to invest in any other coins..

If you know a price hold has been doing just that for several years now, and thats only bitcoin.

Unless you know something I dont know and if you think ETH or some other alt coin will replace bitcoin..

Honestly ETH still an altcoin and i think it will stay as altcoin is just the same as lisk they are just promoting it in many way social media here in our forum in their forums and other forums.. thats why the price of lisk and ethereum is fast and now the price of this two altcoin is fast decreasing too and i think.. bitcoin is still remain and the best..

I think we all trade with alt coins just to earn more bitcoins. As I see situation just rear people hold alt coins. I agree that its possible only at certain time, you need to wait for pumping and to dump on time.
Two days ago I traded with DES, bought it for 20k sold it for 32.5k, after that DES touched 35k and finished on 20k. Its same with all alt coins, you catch the train or you don't. But with trading its like with gambling you need to know when to finish ride.
Ethereum and monero are nice coins, I also follow news about this coins. Ethereum had a nice ride, but will there be one more? Its a big question. Personally I expect to fall a bit more before any big rise.

Good on your profit making tactics. Keeping alts for the growth of bitcoin is now turned to one method of earning bitcoin through alts.

I sold my Ethereum too early. I sold most of them when the price was $1.5. I thought it was high then.

But its better you sold too early then never.

Cause most people are hurting since they were assuming the prices were going to hold like bitcoin..

Things like this always happen. But feel happy you made some profit.
I sold my alts a long time ago. For me there is not enough time so i try to focus on just bitcoin.

You still managed a good profit. :)
Think of what you have managed to make, rather than what you missed out on. It always helps.

Weren't there some coins on places like Cryptsy that didn't even have functioning block chains any more? If I'm trading little amounts there's no way I'm gonna bother with a proper wallet. I'll take the risk with the exchange.

Altcoins are too exciting to not at least trade a little.  I agree that most should be in BTC as it solid growth.

Not a big difference if you had 5% only in alts or not, it is still good idea to go from alts to bitcoin only,  because bitcoins is probably best coin

Not because it is old, but because it is easy to predict price, for example price rise in July after halving, but anyway it is good that you sold your alts

i will never go fully out of altcoin market because there is a lot of good coins there to but and hold short time for a big profit but now is a very good time to go mostly in bitcoin because of the price rise because of the halving and other things that will happen soon.

Sure you can always have an eye on a few alts, especially after a sell out. I mean who doesn't like to buy bottoms and wait for the next increase to go out with profit.
But now we will see SegWit coming, the latest version of core with some nice features has already been released, probably a functional version of LN in summer, maybe schnoor signatures which will help for scaling as well and of course finally the halving.
So holding your biggest chunk in Bitcoin could be prudent!

i agree. a lot of good things are about to happen to bitcoin which can all be the starting point for the big price increase that we are waiting for.
i just checked the release notes of the new version all the softfork implementations look good in it

Yes. The SegWit will be implemented in a few weeks according to the road map. That will increase the price.

Are you absolutely sure about that? I'll guess alot of traders don't even know what mining means.

I think this post is trustworthy because you're one of the few persons who actually spells 'losing' correctly.

Its been bullish facing all those crazy things.

So if it were to fail on us now, it would have to be some severly drastic making us unable to reach our current balances or something.

Sell your Alt coins all at once is not a wise decision. If you are in trading business you have to sell when

1 - you see the price is very high to get profit
2- Price is droping too low that if u missed the selling , you may get further loss.

Nice Advice. It means not only sell at high price to get profit but  also selling at lower price to avoid loss.  ;)

Selling the Alt coins to BTC is also one of the methods people are thinking to have more Bitcoins in their hands to get the advantage of halving
in near future. So investment is bitcoin is coming from all directions

depends, I also often sell all altcoin I have, but I sell them at high prices. just like playing trading, I sold it for bitcoin, and buy altcoin when the price is low back, as it continually until I produced a lot of bitcoin  ;D

You are absolutely a good trader. Must have earned good already I guess. We have the same strategy in trading, the golden rule always applied in this gamble. Buy low then sell high.

That the basic in trading so that you can profit no matter what its just that sometimes its hard to see which alt coin to investment and which is not because of the hype of some altcoin users/investors.

Find yourself a good community and you will soon distinguish where you have opportunity and where you don't. But for this you'll need a time for learning how hype works and what makes a coin price to rise..Bigger money can be made in alts.

I still have some Ethereum and Monero. These are the only altcoins I have. Both have very useful features.

Selling of your Altcoin should follow a simple rule. You should buy them again when their price is lower and keep this process of trading as a part time. You have to be attentive all times to make the right move with this.

It is not that bad indeed to make a full investment in Bitcoin as you can see you see also that Bitcoin is getting more popular and more used and even also more acceptable.
So that is nice but you never know only what there will happen with the value and that is the problem, sometime you have to take some risks and that can be bad for you.

Trading alt with current market situation is the best thing to do. Do not rush.

Right now most users are doing the same. Market situation has given users high profit on altcoin trading, this would help have a big investment or buying of bitcoin. Also can get better profit if held for few more months.

Most of your holdings should be in Bitcoin if you ask me. But buy the alternative coins you believe in, they should be bought low and held.  Nice to have a lot of Bitcoin but I find the market to be very unpredictable right now. 

I am also planning to buy alternative coins and maybe hold it for at least 10 years, just an experiment. Let's see what happen but I would only spend minimal amount in investing it.

It is nice that you are going to all in in BTC and of course the most are hoping that the value of Bitcoin will be more worth but the bad thing is that we cant control it so that is bad.
To go all in  can be also risky because if the value will go fall down you  can lose a lot of money with it.

when the price of bitcoin increases, usually altcoins prices down. This is a good opportunity for me to buy and hold some nice altcoins.

When the price of Ethereum drops to 0.012 bitcoin, I will buy some. It is still be developed actively.

Really? then count me in guys, I wanna ride with you hope we are in the right path of our journey. Buying altcoins to hold and expect the price to rise is really dangerous but who cares, as long as we can afford to loss then we're good to go on this venture.

i am not yet to all in btc, simply because the altcoin is usually bumped by chinese traders, if you caught a period that chinese trader is bumping the price of altcoin, you will/would gain a lot.
be flexible with those stuff as most of them has their certain potential value. ???

yes right it is risky, but we must be smart in choosing the coin that we hold. obviously I will hold ETH quite a lot if the price drops to 0.012, as ETH is very nice coin.

LOL if you sold all your alt coins at once then you're not a real trader. You should've waited for the price to go back to how much you bought it (at the very least) or maybe waited longer for a higher price.

If you sold your alt in a lower price than your buying price then you just made yourself lose BTC.

Selling altcoin could be a good idea. The bitcoin price will go up quite a lot later this year due to halving.

You cannae argue with what alts have been up to recently. The volumes have been mind boggling. It is still pure betting at the end of the day but I still have a hand in a couple for a lark.

How do you get alts? Really, I have no idea I just know how to get btc.
I know this isn't probably the right place but this is the most convenient way to know because I know some will give a direct answer. Googling out stuff isn't really that reliable for me since there are a lot of stuff that does not work for others.

It seems most altcoin are dropping. The Ethereum dropped below $8. Is that a good buying opportunity?

Nobody knows. The bitcoin price also dropped from the $468 range to below $440. We need to be patient.

It is nice that you are going to all in with Bitcoin and that can be nice also for you because there are now a lot of people that is still using Bitcoin and it becomes also more popular.
So that is quite nice for the currency and now the most are also hoping that the value will be more so we can sell it with some nice profit with it.

I think it's a great opportunity. not always the coin will fall and disappear instantly. there will be time also a coin upward. I still believe there will be time for you to buy all the coins and then a big profit from this transaction.

If we buy the bitcoin for the long term, the price will always rise. But if you buy the altcoin, you might lose money.

That is partially true, I still believe that buying altcoins would also give you a good opportunity in the future, although there is a negative image for some of the altcoins which they called as shitcoins but if you look at the bright side, you can millionaire in the future in the price of altcoins you are holding will appreciate its value.

Most altcoins are just scams. They are designed to extract money from participants. It is better to avoid them.

Bitcoin will be the future and that would be nice but nobody will know how long it will takes until the value will be more and that can takes a long time until the value will be more.
But we have to take the patience for it and just wait and see for what will happen.

trading altcoin is highest risk, bt the profit also can be highest profit, some altcoin rise upto 9999% but the price also can be -9999% . i sell my altcoin too, but i have plan to buyback if the price of altcoin fail.

this topic is a little old, by the time of the starting post it seemed like a good idea to go all in with bitcoin (it is still not a bad idea) but as i have also said before i would never go all in anything. and always keep a part on my investment in other things. and altcoins like LTC are the best choice at the moment.

It is better to just mine and sell the altcoin and convert into bitcoin. Bitcon is much more sophisticated than most altcoins.

Good job.

You just make the owner rich by holding his scamaltcoins. Dump em all and do not look back. People lost the count, everyday another scamcoin makes an announcement. This shit needs to end.

But altcoins are equally profitable, if we do it with correct way. we have to follow the right path, trading is easy but not that much , for altcoin trading we have to know the timing, correct timing is very important. we should know when to sell and when to buy back. and sell again. and of course choosing correct altcoin is also important.. Etherium have the great trading potential now.

Most of the altcoins are scam and their price dumps so fast and very high, selling altcoins before the halving is a good idea because the exchange rate of altcoin to bitcoin will be decreased which brings lost in profit.

As you can see now indeed you see that Bitcoin is getting more popular and that is quite nice for the currency itself because more people are going to use it.
And that is nice if there will be more people that is going to use the Bitcoin because the world is also getting more digital.

Yes, the best way is to mine other altcoins and convert them to bitcoin , as bitcoin has more potential than any other currency to increase in price and to remain in market for longer time than any other crypto currency.

Yes to the second part, but you'd be crazy to think bitcoin has more potential to make you money in the short term. The action has switched to alts no matter how you wanna look at it.

Even altcoin mining isn't always that profitable as the devs and pumpers behind the coins insta mine to get the most amount of coins. By the time you manage to earn some altcoins through mining, the price of that altcoin may already got dumped to the bottom.

The bitcoin price is quite low at the moment. So it might be a good idea to buy more bitcoin at present. I am always keeping buying some bitcoin time to time to get average better price that will helping me to make good profits by holding for some longer periods.

Now is the good timing to buy, if the OP haven't sold his ALTS yet, I may suggest that do not sell it all, you might wanna left a little numbers of it because we don't know what the future brings. The value might appreciate in the future, just like what happen to bitcoin who is dying and even died for the past years but came roaring to be stronger now.

It is nice that you are going to all in in Bitcoin because you also can see now that there are now more people that is going to use Bitcoin and it is also more acceptable.
So that is nice for the currency and the world is also getting more digital and that is perfect for the Bitcoin.

Yes we have to keep the source of altcoins as mining as with that we do not have to invest our bitcoin or other currency and have to invest any of our other currency only in bitcoin as the halving will beneft only bitcoin all other coins will drop down.

not everybody mines you know, mining is something that certain groups of people are doing they are either enthusiastic crypto supporters that run their equipment as a hobby or the rest are having cheap electricity that lets them do such an investment.

Some peopel can find a benefit by investing on some ant miners, if you are in the right place, you can still make something monthly, some people is doing 1 BTC a month with a couple of ant miners on their backyards, but you gotta have a really good deal for electricity.

Trading altcoins are profitable too if you have the proper knowledge and prediction skills. I've seen many people in YoBit earning around $100 a day with full-time trading. They probably have really good knowledge and good prediction skills/intuition.

That's a good amount of profit if you can do that consistently in a daily basis, I presume those people that kind of amount is doing day trading right? Can share some of the altcoins that are predictable in value so we can profit all here. I see some huge fluctuations of ether, is this what you are talking about?

Most of the ALt coins comes and goes. Very few of them stay for a long time. So a care should be taken while investing in them.

It is only the Bitcoins which is stable and will stay forever. :)

But I think it is not the number to wait with having altcoins instead of bitcoin, as we know that in the coming months bitcoin will lead and all other coins will lose their value and after halving occur and when people sell their bitcoin at that time the other coins will gain value and at that time we should have to invest there.

Yes, you are true, we already have a good crypto currency in the shape of bitcoin then why we have to adopt any other currency, bitcoin is performing all the good jobs for us especially profit with the passing of time.

Guys, this thread is almost 2 years old! And some keep answering the OP ;D

But I think now (May 2016) is indeed a good time to convert some of your alts into Bitcoin. I expect an increase of at least 40% for Bitcoin until the halving event. Most altcoins will not increase at the same rate, although the more solid alts (Eth, Nem, Bitshares, Nxt ...) surely will profit a bit from it. But remember: after the halving event, I would consider to re-invest some BTC in alts. Not in the small scamcoins, but in those that offer solutions for Bitcoin's problems (scalability, energy consumption, etc.).

I agree with you. I also prefer to focus my attention in few assets (in this case in few altcoins) because it can be exhausting to watch and exchange multiple coins, especially when we all know that bitcoin still rules and will remain dominating this emerging economy for long.

That's what makes me crazy sometimes because of many altcoins now in the market, I use to buy different altcoins but I was not able to really monitor them all and ended us losing my investment. Now, I have learned already that I only have to focus on coins that I can manage.

now im only in 1 asset or altcoin im invest 3btc at VERGE ($XVG) the current price is very cheap,
hope can reach 30sat again in this week .

It is nice that you are going to all in in Bitcoin and you see also that Bitcoin is getting more used and more acceptable and that is perfect for the currency.
But it is hard to know what will happen with the currency but you are not for sure what is going to happen.

I guess if you have a lot altcoin, you're better off selling it into bitcoin, may have been when halving occurs, altcoin price that you have come down, but it was still a possibility. if you believe that, maybe you can keep it

Yes, bitcoin is now becoming more a currency rather than a trading coin, more people now believe that bitcoin is a currency an international currency for online use and people do not want to adopt other currencies so other currencies do not have good future.

Absolutely, and the more people will patronize the use of bitcoins, the price will continue to increase in the future. If you are holding bitcoins now and you hold it for at least 10 years then you win see the result and it should be profit.

If someone believes onother coins that they will gain a huge value then they should not have to care about their time and electricity and have to start mining and those who do not have believe that it will increase in value then they do not need to start.

There are many people that is not going to use Bitcoin and that is perfect for the currency because how more used how better it is for the currency so that is perfect.
But you also see that the value is going to be more worth and that is nice for the most people with Bitcoin.

That is right. Many people are using the altcoin at the moment. With Ethereum, you can invest in Slock DAo.

It is good to have a back up coins in case bitcoins will not do good in the future. The most coins in the circulation the better so people will have a choice what to use. Right now, I am even buying for altcoins and invested a lot on waves.

lol, what the hell is back up coins. altcoins are mostly useless and none of them could ever come close to bitcoin. besides holding altcoins for long term has never been a good idea because they get pump and dumped then their prices continue going down after this period.

That's great get away with the alts the bitcoin will be many times better in the future. get rid of all
that old money and just change everything in bitcoins. But not your cash of course that will always be the
number one paying method.

It is nice that you can earn some more money with Bitcoin and that is because you also see that more people is using Bitcoin as their payment method so that is nice.
But of course you also dont even know what to do sometimes because the price is always rising.

So you need to be lucky also and sell it on the right moment.

I hope most of the employers can give the employee option to be paid with bitcoin. So that we can use it more.

I am hoping for that to happen as I am seeing it as an awesome way for our pay. In that sense you will now be tax also and your money will even grow if you don't withdraw it all.

Good good. BTC is a smart bet IMO.

Alts are just copies of BTC. No point holding them.

Most of my crypto is in form of bitcoin but I also have Dash which I like because of many reasons. I also like to play around with small amounts tading alts because its fun

I do the same. Im no trader my self

Many people are going to use Bitcoin more indeed and that is because they see that Bitcoin have a better value and also they see that you can earn some money with it so that is nice.
But you never know of course what the value will be and that is the problem of the currency.

I still prefer not to rely on bitcoin alone, like you said we never know the future of bitcoins, it may be bad or good for us. And regardless of what will happen in the future at we have a back up like altcoins.

As long as the bitcoin is developed properly, the price will go high and more people will use it in real life.

I have the same opinion. I would like to have several different coins. I have the bitcoin and Ethereum now.

Its called diversification of your investment, its like having two different source of income. In the future we can see some altcoins that will really progress due to the high demand in the market and with a lot of players coming in.

When you have the diversification, the two coins should be different. I think the price of Etheruem is not correlated to bitcoin.

i think that you did a good thing as no altcoin is as good as bitcoin, bitcoin is also most popular one and most stores/people uses it, also bitcoin's price is largest compared to other altcoins

and also good thing is that you can earn a lot of money from bitcoins for example with halving in July which will have huge impact on bitcoin's price, so it is good move for you

The eth price can influence bitcoin, if people move their money to ETH.

But only if you see the volumes increase a overwhelming growth like you seen with ETH, but it has to basically catch up to bitcoin.

Yeah but if you are a trader in atlcoin exchange site you will know the value of alts because by alts traders can earn money there and i agree for your thoughs that bitcoin is the strongest crypto curriency its because they are the one who establish first in crypto world and bitcoin really need alts for healthy competation,.

But for now i really change my alts to btc cause im preparing for this halving event and i want ro wait and join the peoples trend of happy earners for this halving time when it occur in this upcoming july.

That is great men you dont have allot on that alt coins they are to old you know Bitcoins will replace them all in a view years for sure. But dont invest to many into the bitcoin because he will not be stable for now.

It is nice to see that there will be more people that is using some Bitcoin as their payment method but of course it will also hard to know what is going to happen with Bitcoin because it is a currency.
The most people are hoping that the value of the Bitcoin is going up because they already waited a long time to make profit.

replace? there is nothing to replace. there is only bitcoin all those altcoins are just alt-coins nothing more.
they are being created 99% of the time to get pumped and make more bitcoin for traders. and 1% are those that start good but turn out like others.

that is great news i think bitcoin will replace all kind of things except paypal off course that is a to busy paying method that is used for years now. Many people like paypal because of their secured paying method and i like that also more then bitcoins.

bitcoin will not replace paypal. When bitcoin becomes popular, the Paypal will integrate the bitcoin.

Bitcoin's market cap is already bigger then Paypal, also the mount of transactions (in volume), so paypal can integrate bitcoin, but bitcoin will be the larger one.

Same as bitcoin is the real thing when you compared it to altcoins. Sure ETH, LISK, DAO got some real good code, but everybody knows bitcoin, merchants, consumers etc. It will takes ages
before an altcoin can achieve that.

Bitcoin's market cap and that of Paypal is not comparable. Bitcoin is money, Paypal is a company.

Well altcoins can make it faster for profit. Very easy to gain more bitcoin using this kind of coins. I do invest some my satoshis in other coins. One example is ETH look at its price now. Easy gain for just waiting to grow up.

I mine the altcoin with graphics cards. I mainly mine the Ethereum at the moment. It is more profitable.

and even btc has no "property" is free everyone could use it or develop , with paypal there are a lot of limitations :(

Very nice decision you have made there. Altcoins(most of them anyway) serve no purpose as a cryptocurrency as bitcoin has already covered all the technology that it uses, and a lot are just blatant pump and dump schemes.

Exchanges should not be trusted, an example would be Mt Gox and Cryptsy. Ready for take off sir!

Some altcoins are diffrent from the bitcoin. They serve different purposes. The Monero is an anonymous coin.

Good luck! The halving's in a few weeks, but be careful. There might be a dump straight after a price spike, so beware.

yeah when you check price of 2 or 3 different altcoins it gets annoying and boring and of course hard, and soon you would get confused by all these prices so you won't get any profit

and good that you have all money in bitcoins now as bitcoins is actually bet crypto i think because it is oldest and most expensive, and of course most of people use it

The difference with altcoins and bitcoins is that bitcoins is trusted and price is currently high to buy and save in the long term. On the other hand, altcoins are cheaper and if you can spot a good project you can hold it for long term and with its potential the price will be high, you might earn x10 of your original investment.

I trust bitcoin more than any other altcoin. Most altcoins are just scams to rip us off. I have invested in those before.

It is nice that you are going to all in with Bitcoin and that is also maybe that you are seeing that Bitcoin is getting more popular and used, and even the value of Bitcoin is now rising.
So that is perfect for the people with already Bitcoin, they already waited a long time to sell it.

Might be a good idea to sell alts for now and get back in later yeah.  Im still holding a little LTC at the moment, it can move so high and fast as we have seen in history many times its worth the hedge. Other than that im all in.

In my case, I would not sell all my alts for bitcoins, I need to keep them because I believe in their potential. I have alts like waves, DAO, and LISK, this is the big three and will dominate in the future in altcoins.

argghh you are lucky , im lost arround 0.8 at RDD, buying some DAO at 25k and lose again, i sell my bitcoin to fiat but the price rising again :(
i hope this month i get more luck.

I'm expecting bitcoin to hit $800. At what price did you buy your bitcoin, and how much? Because you won't be satisfied unless you invest more than a bitcoin. :)

I think that $800 is an underestimate. I could well hit over 1 million dollars over the long term. However, how soon or how late(the timing) this happens will be a mystery to us right now. Also when it happens, fiat will pretty much be worth nothing.

I think that getting rid of altcoins is a pretty good decision. Altcoins for the short term and bitcoin for the long term.

I do not think the bitcoin price will hit $1 million within 15 years. It could be in 20 to 30 years, or longer.

I find it very hard to believe bitcoin will reach 1 billion at all.
Yes bitcoin is the real deal, but this estimate is rather dreamy then realistic. But we have to wait and see...

The bitcoin price of 1 million dollar is not too difficult to imagine. It depends on its adoption by the general public.

It's your decision, but I think after liftoff you will buy same coins again, and again with 5 % of your stash.
Of course if you play good that 5 % in alts will worth much more then now.
Good work I think, with nice amount invested there is good earning in this kind of trading.
I wish you good luck with this.

I do not sell all my altcoins. I still have the litecoin and Monero. I also mine the Ethereum. The price could be higher.

It seems the Ethereum is a good coin. The price just reached a new all time high recently. It is uncer active development.