Wow, you sure do have hard balls and patience of steel there.

There are definately reasons to venture outside of bitcoin, because venturing per se means taking a risk, and bitcoin is getting risky these days due to more centralized network than in its earlier days. As long as it's a calculated risk, I am all for it. Everyone has different calculations. I just don't see how VTC can overtake Litecoin. What can really overtake Litecoin is Dogecoin, there are still ponderings going on the technicals, perhaps they will change its algo to the same of VTC or even introduce more than one independant algo, same as Myriadcoin did, and that would ensure the largest network. Yes, this would hardfork Dogecoin, but their community is so condensed on reddit that it won't be a problem, there were 2-3 hardforks already and nobody seemed to mind that much, and that only affected the price for a day at most. The most flexible coin will win in my opinion, the one that can evolve quickly with the demands of users and miners.

I tend to agree.

So what if it's a religion? Religion goes a long way. People die and kill for religion. Hodling for religion is such a trifle compared to those.

I think 1-2 satoshi is a good price, will wait to buy at that one.

shit, that's worse than NXT... not that I am concerned about NXT distribution, but NAS will have a lot of critique.

How many original stakeholders in NAS?

The price is determined not by ASICs/no ASICs, but by supply/demand. Demand is driven by adoption, merchants, marketing/media efforts. With that in mind I don't see how Vertcoin has any advantage over other more popular/innovative altcoins. This resistance to ASICs feature is utterly useless in my opinion, as only miners care about that, and miners for the large part don't work to generate demand, on the contrary, they dump coin supply on the market. ASICs are even good because they add more hashrate to the network, making it more secure, but I wouldn't mention this factor as it's not very significant for price appreciation. The significant ones are typed in bold above.

If you get the 'buy low' part right, that is good enough.
Changing 'selling high' to 'selling when you need fiat' is making sure you are not left out of the party.

Disappointed. That it bounced off so quickly before I had time to find fiat to buy at 350, now it's expensive again. Maybe it could go down to 300 or so again before resuming uptrend, I sure hope so.

All-in-one solution is more suited to the KISS principle than having to deal with a few different solutions each performing only one function. From a user's perspective, that is. Of course, many users only need just one function, namely, money transfer and that's it. Well, to each his own.

Not sure why you say it should not.

Good for you, the more solutions, the better.

Well, Bitcoin protocol can't do decentralized exchange at this point, but NXT can. NXT can transfer funds just like Bitcoin + other new things that Bitcoin can't do. If you call something a knockoff just because the basic function is the same, well, then Bitcoin is a knockoff of traditional money transfer systems, and those are a knockoff of cowry shells that ancient people used to trade. But we all know that the main advantage of Bitcoin is it's decentralized (cowry shells were decentralized too by the way). Well, now you have a decentralized exchange in NXT, something that hasn't been done before and that Bitcoin doesn't have. That's far from slightly tweaking the protocol.

No idea what you're talking about. Only please don't raise the issue of distribution, it'd be utterly stupid, as NXT has better distribution than bitcoin now. Research the latest stats.

I am aware that there is NXT that is written from scratch in a completely different language and has many more features than Bitcoin, so you should catch up on learning the crypto currency scene. Not meant to insult, but to raise awareness. Other alts are more or less a knockoff of bitcoin, that's true.

Network effect, I agree to some extent. But we all know how network effects on the internet is not something set in stone (netscape, myspace examples). The next 1-2 years will show who is short sighted. Keeping all eggs in one basket is never a wise idea.

It's a crypto currency war, some altcoins are struggling to be #1. There are many people who joined late, and they hate buying expensive (relative to altcoins) bitcoin, some can't afford to buy even 1 full bitcoin, that sure makes them feel like losers, and they buy into promising altcoins. No mercy and no prisoners in this war, sorry OP, there are no friends in profits or love.

Someone smart figured out that Doge can't get any cheaper than 90 satoshi, while it can get to 300 satoshi by the end of this year. Don't have to be a genius to know what to do at this point.

Bitcoin is not worth 5 or even 3 billion. The market cap is irrelevant, because if all bitcoins were sold at once, it'd drop to $10 or about that and that would bring its total cap to $200 mln at most. Same logic applies to any company's stock, so market cap calculations should be taken with a grain of salt.

But with each cycle of appreciation new money pours into bitcoin and although a lot of it is just looking for quick profits and withdraws when the price drops, some of it stays. These people who stay maintain a long-term look on it. They also don't chase the market, they buy at technical mid-term and long-term bottoms. If you buy at technical bottoms and fundamentals haven't changed (and they haven't), then your future pain will not be as bad as if you chased the price at the peak. That is kinda obvious.

But I must admit, that bitcoin is overvalued versus other altcoins, so some diversification is advisable. I posted my view on diversification here if you're interested.

ok, but that would be around $200. I seriously doubt we could go down there.

@OP,

are we there yet?

Because I feel just greed, but this greed is painful, because I temporarily ran out of fiat to buy moar, so yeah I feel pain, but not the kind of pain you're referring to