Bitcoin Forum

Looking for the coin that will have high correlation for going up when Bitcoin goes down, and why.

Why even leave bitcoin?

I'd say PPC or Myriad, PPC is the first Proof-of-stake coin and has been out long enough for its price to reliably level out, Myriad is the first truly multi-algo coin (an improvement in chain security/network decentralization) that trashed its price with constant 1k block rewards that halve every year, so it's not dominated by a few whales.

Most anything that rockets in price right off the bat is a scam. A true currency keeps a steady value. Most these coins are no different than shill penny stocks.

In your shoes, I would buy NEM and NXT.
Surely both of them are the best examples of the second generation which probably will have the power, the support, the technical attributes to survive most of the altcoins.


My personal favorite with the most potential is NEM:

http://motherboard.vice.com/read/this-cryptocurrency-doesnt-want-to-beat-bitcoin-it-wants-to-beat-the-economy


Well, in the altcoin-section are many other coins, too. Maybe we all make a huge mistake with our chosen altcoins. You can't get a guarantee for everything.
But in case I could just choose 1 altcoin, it would be NEM.

+1 if you like centralization where you making the NXT and NEM devs super rich , I would go for these two.

You cannot enrich NEM-devs. They just get about 1% of all available NEM.
Therefore it is NOT possible to enrich them.  ;)

this isn't the NY Stock Exchange.. the methods + terminology do not apply here sorry.

Bitcoin was revolutionary. Emphasis on the was. I'm not here to say which coin will take the number one spot, but lessons need to be learned from Bitcoin's mistakes. As big as Bitcoin is, its technology looks outtdated in comparison to what it's spawned in its wake.

Bitcoin is champ because it was first, and because it holds great amounts of wealth and support. The last two have been very slowly eroding away. Maybe just in the short term, maybe the long term. Nobody really knows. The only reason people want Bitcoin is because of its value. No other reason than that. It could as soon as be some crapcoin that got lucky and took top spot. People don't care about Bitcoin, they care about wealth. If enough of the market see a possible contender to Bitcoin, then Bitcoin could lose its crown.

I totally agree that the vast majority of coins are shill penny stocks, and it's quite sad to see people proclaim them to be "the next big thing". Hedge your bets, put eggs in many baskets, and hope you get lucky.

Bitcoin has the first mover advantage, but nobody can say for certain that another coin cannot take it's crown.

Opposing markets have nothing to do with wall street or exchanges. It is a simple fact of life that when sales of some things (sunscreen) goes up, sales of other things (raincoats) go down.

you dodged me.. "safe haven" ?  ::)

there isn't one .

and there may not be one in the NY stock exchange but at least that is a regulated market with LAW !

you talk of an Altcoin safe haven ?
uhmm yeah sure.. save your money at Gox and your safe haven is "Doge coin" LOL

lemme know how that works out for you ;)

everyone knows it would be *at best Litecoin but when you look at it's current value and market history your left with a bad taste in your mouth.
Reality is right there staring at you point blank.. open your eyes.

node will replace bitcoin soon

DOGE

Monero (XMR). Secure, proven, best team, best technology AND backed by early Bitcoin adopters financially. Absolute no-brainer winner and the only answer to your topic's question.

XRP if you want to make a 425% yield by December.

you guys get what he meant by a "safe haven" ?

According to recent lie of the land dogecoin can be something close to what you need, but, IMO, it'd have the same story as LTC.




I doubt it would be XMR because of simple reason - it's correlate with BTC in direct proportion.

Most alts seem to be tied to bitcoin. bitUSD is supposed to be tied to the dollar, but it's too early to say for certain if it will work.

Myriad or Quark have both big potential,  specially Myr being really cheap right now and easy to mine with electrum wallet.

UNO

could become that in the future

Riecoin is your safest bet as developer is constantly working on it without pay.

it might be one of the coins, live right now, that will still be alive in 6 months. If the devs and the community can make it, maybe there's a coin with enough potential that will be able to battle BTC till then no coin can be a competitor to BTC.

very good question. 

reading the arguments and debates from different forums, i was almost convinced that btc will slowly fade away from the scene.  but then if you really think about it, which crypto will be able to replace it?  none, really. 

btc will be around for a very very long time. 

Indeed, there is no coin to replace BTC. In case there was one, IMO, it has been already slowly replacing BTC, the father of the crypto coin. Well, maybe in a recent future there will be a coin with innovative features that would cover all BTC flaws so that people would move from BTC to that coin

I think all coins follow BTC. When BTC goes down they all go down, when it goes up they go up.
Crap coins will stay where they are now.