Can you post a list of them, I'm not 100% sure if my account is ok.

It's one of those with a strange adress, f.e.
8f3b17cb030529bda48ead3d9337443df28c0e01c133ca3d380286698bb40ae7

No, quoting some of St.Bit's lines.

Never heard of Robert Kiyosaki bevor, but if he said that I should honour him by googling.
Have you read some of his stuff, is it worth reading?

Largest holder in just one adress ...
Although I belive he´s also the largest holder in total.

Thanks for pointing it out, I totally missed that kind of mindset here.

It's a stupid way to see any investment, although you are right about the probability of the op (or anyone) carring more about having more fiat. Investing in something should not be seen as "doubling you money" instead "doubling your wealth", otherwise it's called speculation. Buying a home to rent out is investing, buying a home to cash out later is plain stupid unless you are a profesional (=gambling with other peoples money) speculator.

I never though of bitcoin as a way to get more fiat currency ...


THX

I agree.

The key to finding it is in regulary adjusting your portfolio on newcomers. PPC's marketcap is currently 0.3% of BTC, so if you spend 0.3% of your bitcoins on PPC you wouldn't loose if PPC destroyes bitcoin.(Won't happen) Look at the ratio of marketkaps and if you find a newcomer that exeeds f.e. 0.3%* you buy it with 0.3%of your coins and don't look at it ever again.

If it outperformed BTC you weren't outperformed by the market, and if it collapses you probably will loose far less than 0.3%. Unless it's total garbage it will still outperform USD after a while.


Finding the right threshold(0.3%) is tricky. You still have to check if the newcomer is currently hyped or even total trash. This strategy is when you have no opinion on an altcoin, but I would say f.e. that the current 1:338 domination of bitcoin vs PPC isn't justified at all.

LTC is impossible to estimate and every BTC other altcoin is not more than an expensive lottery ticket.

Note:
Mistakes are the best teachers.
Making a mistake once and it will teach you a lesson.
Even if you didn't understand it the first time,
it will always repeat it for you.

I didn't follow my own advice here and went full retard on altcoins at their ATH vs BTC.
I still made some money, but damm, I could have made a fortune.



That's total BS, it's the 100% opposite.
Let's say you spend 10grand (@650 or 750) and you expect Bitcoin to rise to 10k$ each. The diffenence would then be 133k$, that's serious money and far more than your initial investment. Gambling on finding the right spot to buy is gambling with a fortune although you just spend less than it.
See corrected version in my next post.

I do expect a serious correction soon, but betting on it is a gamble.
Go cost averaging unless you would be willing to gamble with that serious money aswell.

You didn't get my point.

For your current diversification you would have to be at least 99.98% sure that everyone that buys crypto with USD will buy only Bitcoin and not exchange later to LTC or PPC. (Or 100% sure that 99.98% of all people buying crypto will buy bitcoins and don't exchange later). Marketcap of all cryptos is still damm small, so only people who don't already have crypto matter.

You really think you can be THAT sure?
Otherwise you should buy more PPC and LTC untill you have ~97% BTC in your portfolio.

Everything more than 97% bitcoin is a bet favouring BTC vs LTC&PPC
and everyting less it a bet favouring PPC&LTC. Betting on crypto as whole is risk enough, no need for additional drama.



Profitability of adding another crypto depends on how much you have. It doesn't make sense to buy fractions of an unknown, worthless altcoin. LTC,PPC,NMC* are different since their marketshares matters. If another crypto reaches their marketshare you could still buy it later on and won't miss the train on a unlikely, but possibly bitcoin-killer.


*isn't actually a cryptocurrency, but damm did it rise lately

I belive this is a very bad decision, but not as bad as just bitcoin. (exept maby PPC>LTC)

Noone can be 99.9% sure that bitcoin will keep it's monopoly on crypto. That's how sure you would have to be to justify your gambling against LTC,PPC here as investment. If it were just 99.98% of (new) money flowing into bitcoin and rest into LTC/PPC those would increase %-wise far stronger than bitcoin and you would be worse of than going by the ratios.

It's enough risk to bet on crypto now, but investing in just 1 coin is stupid unless you can be 100% sure you are smarter than the market.

Besides buying a fixed USD amount every day or so you shouldn't just buy bitcoins.

As long as you haven't any fixed ideas on BTC vs altcoins the best would be to invest based on the ratio of marketcaps of the most important cryptos. That's now like 97% in bitcoin, some litecoins and maby a few PPC to round it up.

It doesn't add it up right. Should be 2053,85 donated so far this month, but it shows 2052.91 so far.
In a few weeks that's probably enough to pay for more than just a month ...

Keep up your great work.

You haven't signed the message as required.
No signed message, no coins.

This is the way it should look like:
Gimme some YAC (or the message you used)
<Your adress>
<Your Signature of the message "Gimme some YAC" with your adress>

LTC's marketcap is just 2,5% of bitcoin so if BTC can't keep it's current domination of the crypto market (>95%) altcoins will outperform it. I doubt it will.

Making predicions on where BTC/LTC/etc will be are impossible, but I belive it's currently very expensive to buy into. It's impossible to say though and timing the cryptomarket is suicide. Whatever you choose to buy it would be far better to split up your initial investment and spend 100$ each month untill you have spend your money.

Have you seen the orderbook lately ...

Just 0.13BTC market buy order could push prices to 0.001E-5BTC on cryptsy, but most of the volume is traded at market sell anyways. It looks like YAC could explode if someone starts to buy market now, but that wouldn't be a sustainable increase.

Thanks for doubling my donation.
I'll pledge 950YAC then ...

Make an adress for people to donate to and you handle it.
You decide for what and how much you want people to pay. 2kYAC are currently 8.20$ so that might be to much for just the first article, but that's your call on how to spend it.

Sounds interresting, we could need some coverage.

Coins sent.
f24b48ccadfbc31b74653fe6278f0681daf25e4d4fbbfea96f52a18b39c5ee52

The first 500 coins have been given away, the next 10 adresses will recive 25YAC each.
Don't forget to play the lottery and win some more YAC.

I always asked myself if this was planned by Pocopoco or just a coincidence.

My first contact with YAC was a bit after WM took over development so I never got in contact with him. Given his lack of involvement I thought he just trew some new ideas at YAC and those just happend to have some great economical properties on their own.

I took me a while to see how great these work together and that the parameters (initial n-factor, PoS rewards,...) are actually too good to be just choosen arbitrary.

4th txt sent
562a8f39f8dad44c9c58a98cbf6b1e6d4354cc45db51ec0e1a03a843741094bf

BTW: Thanks for your 100IFC giveaway.

I finally managed to write some economical thoughts on YAC.


Use is currently not existant, but my full response is at:

https://bitcointalk.org/index.php?topic=340543.msg3652003#msg3652003

2. Yacurrency
Even better than the hybrid mentioned above is YAC's mechanism.

2.1 Price discovery
Blockrewards depend on the hashrate of the network. Higher hash --> lower blockreward.

The higher the price the more miners will mine and the less rewards for one block found. Falling prices will so increase supply from the remaining miners and reduce prices to the point where people had bought all coins newly mined. That's the reason why Yacoin is currently so damm cheap, but that's the real price people are actually willing to pay for.
An overpriced asset could correct -50% from one day to the other, but such thing is useless as currency.

2.1 The n-change:
That's probably the most important innovation of YAC

At fixed dates the n-factor will be increased +1 by the protocoll. An increase by 1 doubles the memory required to mine and so reduces the hashrate of the network by usually more than 50%. Running out of fast memory will reduce your hashrate even stronger so it forces old hardware out of buisiness. This makes it resistant to specialized hardware and developing ASICs for YAC is utopical even at very high prices.

A n-change favours CPU over GPU and private miners over professionals. It's uncertain if YAC will become CPU only one day, but it will always be possible to mine YAC with a standard pc.