well tokeweed, there are legitimate businesses making money and distributing dividends on the NXT Asset exchange. NXT is one of the more resilient cryptocurrencies, it's more than just a traders token which is pretty much what most everything else is.
YMMV
Yet NXT was dumped despite that. If some newb bought at .000038 with a significant amount of his savings, I'm pretty sure he'd get a good dose of reality in trading. And not just in crypto, but trading in general. |
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What altcoins are worth investing in or looking into if any?
What are the advantages of altcoins (if any) vs bitcoins?
The ONLY thing in short supply here is honesty and reality.. This. OP, if you want to play around with alts be aware that these price movements are based around hype and P&D's from active traders. |
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Hello, since it seems bitcoin is going through a nice upsurge atm, what altcoin is a good buy right now ?
I'm new to trading and still have a way to go understanding it all, but I heard that altcoins generally rise when BTC rises. I got some extra BTC I could invest in an altcoin atm. Maybe litecoin?
Thnx
LTC if you make it. NXT if you don't. LTC is more likely to follow BTC's surge if it continues to go up to 1000 USD Karpeles style. Avoid NXT. It's trending down to who knows how low. Avoid NXT ... now is the time to buy! Once InstantDEX launches Chinese $$ will be all over it, and recent dumps from 2013 whales are (almost) finished, so from here on its all about tech, and in that department nothing rivals NXT But what if it still continues to trend down? Remember... No can really predict the market. So I won't advice newbies to buy downtrending coins. All you get is another stuck whining bag holder waiting for a price surge which who knows when. |
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What is Bitcoin and what will it become?
To believers, it’s the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies.
To critics, it’s an elaborate scam, the currency of cyber villains, a threat to sovereign states.
To others, it’s already nothing, practically dead on arrival.
In which side are you?
It's gonna be all or nothing. |
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Drugs.
wow your joking right? Nope. |
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Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core by the end of December In my view, Bitcoin XT is the best option I've seen so far. Not just because it has working code, but also because it has a simple implementation that is easy to understand, the block-size increases seem about right to me, and I have confidence in the people behind the project. My preference at this point would be to have Gavin step up as the final decision-maker on Bitcoin XT, and have the industry move to that solution with help from Mike Hearn, Jeff Garzik and others that wish to do so.”
The CEO believes an upgrade is urgently needed in order for the Bitcoin network to handle a sudden increase of Bitcoin usage. As such, Armstrong emphasized that Coinbase will not wait for consensus to form among the Bitcoin development community.
“We will upgrade regardless of whether Bitcoin Core is updated,” Armstrong said. “Capacity planning is something you should try to get ahead of. Growth can be unpredictable, and I want to remove all blockers to Bitcoin's success. I've been disappointed to see how slow Bitcoin Core has moved on this issue, and we're open to switching forks.”
https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055Taaki made really good points in this interview.
Bitcoinj- and Lighthouse-developer Mike Hearn, for instance, was just pushing for an extension to the protocol in order to eliminate possible double-spend transactions in point-of-sale situations. He proposed a system in which miners can vote to steal the block reward from other miners if they accept double spends. The problem is that this opens up the possibility for large mining pools to collude against smaller miners, and use this power to blacklist transactions.And this is just one example, there are many more like it. But it really is insane, it's ludicrous. Just to be able to buy coffee with our Bitcoin-creditcards, and make it a little bit more convenient, we want to destroy all of the freedom it provides? Lose out on the opportunity to enable people to economically organize themselves over wide geographical areas, between different communities, and different organizations with different financial instruments, with tools we have never before seen in the history of humanity? Do we really want to give that up for a silly dream of a few corporations that want to sell a product to consumers, to pump the price? Come on... We're really losing a big thing if we sacrifice Bitcoin for that.
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Thanks for posting. How's the traffic at Betcoin btw? |
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^ Don't get fired, ok?  |
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So meaning very careful when deciding to buy and hold a coin for the long term with a significant amount of your hard earned money. In fact, people here who have been around a long time should discourage newbies from doing so. This is crypto, not a mutual fund.
Don't gamble with your kid's college fund.
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The officially accepted definition of a liquid market is one in which 1% of the coins/tokens/porkbellies are traded per day.....by that definition, NXT trading is liquid right now, with a 24 hour volume of $87,000 on a market cap that bounces from $7-9 million. Hope it stays that way.....
Distribution is looking sweet as well: the last stakeholder to dump has been spreading the NXT around nicely, but she's just run out of NXT to give away.
Sure. But that's no excuse not to improve. A daily average trading volume of 87k USD just won't do in the long run. |
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Time to Let Go of Your Altcoin and Buy Bitcoin By the looks of things that is exactly what is happening. Most everything taking a nose dive. If btc can settle down to a nice high price some alts will quickly recover. Those with lots of btc will buy up the bargain basement prices I'm sure. No that is pure bullshit. A few of you scam coin fans have been loitering around re-posting that. And Market history contradicts you.. Most of the markets are recovering already, and some are in the green. If bitcoin spikes again, alts will go red again. Yeah. Alts have a hard time keeping up with BTC's price surge in dollar amounts. It should stay flat for alts to start trending up. |
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The "shoe on head" pic never took place, did it?  Don't think so. It's not in his character. Last I heard he was developing something big. Someone described it as something like "Start Up Governments" via crypto. Edit: Wait. Shoe on head meaning he ran away with some money? Or he was found lying in an alley somewhere with a shoe on his head? |
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I see both sides to this debate. On one hand developers do need money to make services and such to build a coin up but on the other side they shouldn't as everyone should (In a perfect world) have an equal opportunity to mine and get coins as other people to make it a fair market. Even bitcoin was originally invented to fix problems with our monetary sistem. Satoshi must have put a lot of time (remember Time=Money) into building bitcoin and did he get much (if any) from it?
Although I personally am looking at bitcoin/alts more and more as shares rather than currency (From trading etc.)
tldr; I am undecided on the matter.
I'm with you. I think we as a community should start to look deeper whether an IPO is a scam or not. There are a lot of factors involved. So it's really hard to judge if one project is scamming the public or not. One example is the NXT vs BTS trolling that goes on here. Are NXT/BTS scams then? It would depend on one's POV right? I think both are awesome projects trying different approaches in achieving success. Nothing wrong with that. Fast forward to today. The number one factor with IPO's is, I think, devs should not be anonymous. Those days are gone. If they're gonna ask people for money via an IPO to fund a project, it is best that they have all the necessary details about them shown to the public for background checks. They should also have their own domain and website, not just a fucking thread in the altcoin announcement sub. Finally, require that their money accounting stuff is transparent for everyone or at least the project's stakeholders. It's for them to have the opportunity to scrutinize and look into concerning the IPO funds. Transparency is a must. I know may have missed something, but those three come out right away. |
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It would even be better if it falls further close to or slightly lower than the IPO price
Sub $2500 USD marketcap for NXT would allow a lot of us to acquire nice stakes. We can only pray. Lol. Oh yeah... I forgot about that. But you get the point. What NXT really needs is to pick up in trading volume, even if it's coming from speculation. It makes more of an attractive investment knowing it is actively traded. Hopefully the lower prices would help. |
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Haven't been online in few months and I come online today and see all altcoins are dead? Little to no movement in past few months, majority of that is downward movement. Scammers have run out of ideas? people stopped investing? What is going on? meanwhile BTC is heading back to $400  I knew it was going to happen, didn't expect it was going to happen this soon. lol As long as people are willing to trade them back and forth, altcoins will always be here to stay. Maybe not as a currency, but maybe something to play around with for BTC/fiat. |
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LTC and DOGE will be moving up. Also long term i think collectors of blockchain currencies will move in and grab some of the early wave 1 alts.
I always hold some BTC some LTC and a little bit of a lot of the old major alts.
Is there a high volume DOGE/USD market that we should know about? I'm curious what the chart would look like. It could be trending up vs fiat I'd imagine. |
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Hello, since it seems bitcoin is going through a nice upsurge atm, what altcoin is a good buy right now ?
I'm new to trading and still have a way to go understanding it all, but I heard that altcoins generally rise when BTC rises. I got some extra BTC I could invest in an altcoin atm. Maybe litecoin?
Thnx
LTC if you make it. NXT if you don't. LTC is more likely to follow BTC's surge if it continues to go up to 1000 USD Karpeles style. Avoid NXT. It's trending down to who knows how low. |
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nxt seems pretty darn cheap at these prices. i guess it isnt rising to the top this year. Personally, I think the falling price is a good thing for NXT overall. It would even be better if it falls further close to or slightly lower than the IPO price with the hope that the huge stake holders cash out some of their holdings, spreading the coins out even further. From there, the price could start picking up again with better distribution. And it would become a more attractive buy for potential investors. |
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