I feel Bitcoin is taking a big hit and people are getting bored with it. Mining is not profitable what so ever, people keep selling out, it seems the Rise and Rise of Bitcoin is turning into the Fall and Fall of Bitcoin. I am getting completely out of Bitcoin and transitioning to something more promising for the future. Some alternatives that have caught my attention are: Ripple & Stellar.
Whats your guys opinion about Bitcoin? Are you guys getting out and transitioning also? What other currencies are you looking into?
never close your mind to anything. these are just market trends and are natural. if BTC goes down to 100+ or so, so be it, but i will not be surprised if it starts going back up from there. so always be ready to get back in just in case.
as for which project to invest in, i'd say avoid XRP and STR for now (tho i think both projects are good), as XRP is showing signs of falling with BTC, and STR could follow soon. so be careful and just be in the sidelines and wait for a better opportunity. you wouldn't want to be trapped with paper losses.
i think a good project to place a bet on is NXT. it's gradually breaking out and could be a start of an uptrend.
edit: and it wouldn't be a bad idea to hold some fiat. you can hold bitstamp.USD in ripple for easy convert to BTC when it starts going up again. imo nubits is also a good option for easy convert back to crypto.