Whenever I see something like this, I think of this XKCD strip:

It's true that often with bounties the rewards don't live up to the expectation. But I'm not sure this is the fault of the bounty project itself, it's just normal that they list the maximum possible reward, based on the project hitting hard cap. And they usually don't hit hard cap, which means firstly that the reward is proportionally smaller, and secondly that supply outstrips demand, which means prices are bound to fall as soon as the coin is tradeable (quite apart from any downwards pressure there might be on the market as a whole). I just think sometimes we can be unrealistic in our expectations.

Any smart contract coin has huge potential. ETH I suppose is the number one choice, there's a reason it's the top cap alt.

I'm curious - do you think that all alts are shitcoins? Or did you start the thread because you think that some alts have big potential, and you want some opinions on which are the best?

I'm not sure whether this is true or not, I've certainly heard the speculation, but I would agree that Trump isn't intelligent enough to be the world's most powerful leader. I suppose it does all come down to the definition of powerful, which obviously can be taken in many ways. If it is in terms of influence, then I would agree the Chinese leader is #1. China's activities in the South China Sea alone are quite astonishing. So I would say Xi is #1 for me too, with the qualification that really whoever is in charge of China would take the top spot, whether it's Xi or someone else.

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It's difficult to judge. Have we hit the bottom for alts in price vs BTC? I suspect that the next rise will start off led by BTC again, so we may see alts drop a bit further in BTC price. But I think longer term it is very likely that we will see an alt recovery.

So now is probably a good time to pick up (high quality) alts, but maybe not quite the very best time.

Prices have been relatively stable for a while, a bit of a dip then mostly recovered, now maybe the start of another mini dip. It is all small movements however, and I think we can take this as encouragement as it helps to establish a support level from which prices can eventually build upwards.

I've had some bounty rewards since 2018, yes, but the prices of these have dropped since launch. This is generally the case I think as the bear market of the last couple of years continues to have an effect. I think the sensible way to look at is is that 2017 was the aberration, 2018 and 2019 are more normal.

The weakness of alts is a consequence of the long bear market from 2018 and into early this year. There is not a lot of confidence in the market, and upward moves are tentative. People are going with BTC because it's safer and less prone to big price drops. If you look at the relationship between BTC strength and alt strength as a proxy for market sentiment, then I think it makes sense.

Adoption is growing, and crypto is gaining ever greater prominence in the media. Also increasing focus from governments and legislative bodies. The trend in trading volumes is also upwards.
But whilst adoption is growing, we are a long way from true mass adoption, which would be full integration of crypto into everyday life. A lot of use cases - smart contracts a big example - haven't really even begun to touch their potential yet. So real mass adoption is I think coming, but still a long way off

For now, just go for BTC. Alts have proven quite risky since the 2018 crash. For safety I would suggest buy BTC rather than alts. Many people are expecting alts to start outperforming BTC at some point, but there's no real sign of it happening yet.

I think without exchanges, the price would certainly be lower because it would remove all the speculative trading.

It wouldn't be zero though because there is a cost associated with mining. So the price would have to be more than the mining cost, or else everything would grind to a halt. There would I imagine always be some demand for BTC, particularly if a low price makes it attractive.

In the end it is all based at the moment on expectation of future value. For so long as there is a solid use-case then bitcoin will retain value.

Yes everything is vulnerable to drops, and everything is volatile.
The point with starting with established high-cap coins is that the volatility is less at the top of the market. If we have a crash, then BTC will likely fall less than ETH and XRP, and then ETH and XRP will likely fall less than some random coin outside the top 100. There is also plenty of junk out there, so sticking to high cap coins means you're far less likely to buy something whose price will just fall to zero.

I would go with ETH as it has a much stronger use case.

Individual coin price is I think irrelevant when comparing one coin against another - you need to take supply into account as well, which is why the standard comparison between coins is in market cap (coin price x number of coins).

This is a good point, and I think maybe a lot of people aren't aware of the distinction, and the fact that only part of what Ripple offers includes XRP.

However, it has long been established that for some Ripple solutions it absolutely makes sense to use XRP, as it is the native coin to the ledger - and whilst it is possible to use other coins, and to develop new coins specifically for use there, XRP as the native coin offers significant advantages over any potential alternative.

You really need some BTC in there. I would also advise get some ETH and maybe XRP too.
Whilst everything in crypto is a gamble, for me it is too much of a gamble to have only lower cap coins. I really can't stress enough that you need some BTC!

I think people need to look longer-term. YesETH price looks low at the moment, but it is still a great project and current price says more about the general market than it does about ETH in particular. I do think that ETH will recover and hit a new ATH at some point, although I'll concede that a new ATH doesn't look likely to happen anytime soon. The alt market looks very low at present but there are plenty of good coins in there and it should eventually recover. Alts are many and varied, they don't all just 'fail' at the same time - there is a lot more positive price movement to come from good alts.

It makes no difference if it is real or not. I think most people disregard what he says and what he recommends anyway. Certainly he can have some short-term impact on price, but I don't think any real lasting impact.

That particular image does look quite badly photoshopped, which may say something useful about the quality of the site.

The upwards move in the last couple of days is welcome, and I think it could well be conclusive in setting current prices as support rather than resistance. We were holding at a lower point for a while, but now BTC has pushed back over $10k we are set for a return to bullish movement. The question of whether alts will take over the bull run is however still completely wide open.

It's an old thread, but as of now I'd probably say XRP looks the best. Very undervalued compared with historic levels. So is ETH, but XRP - which remember a few times has risen above ETH in cap - is currently just over half ETH cap.
Obviously risk attached, but XRP does look a good choice.