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First off, you don’t necessarily need to buy bitcoin to get altcoins. You can buy tether on the official website and then purchase alts that have a tether pair. There are not many but the basic ones are there (eg ltc, xmr, eth, neo). You can also use eth to buy alts without going through bitcoin. But same issue is that not every coin has an eth pair.
Second, you’re right that you’re essentially betting againt btc if you sell it for an alt. What you’re saying is that the alt will gain more than btc. And that happens ALL the time. Some coins gain way more than btc, that’s why so many people sell their btc. When you look at btc profits, it’s really not that much in terms of %. We’re talking x2 since August roughly. Some alts have gone x5 since then despite a higher btc price. Remember you’re comparing the value of alt vs btc, not alts vs us (unless you only deal with tether).
However, personally I always hold at least 30% crypto portfolio in btc as a hedge against dropping altcoins.
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A good news to give FOMO about the neo token. But remember we are waiting for the official announcement from the PBOC, i just know that about the pboc has very important role in the china. If this was fake and many people will try to sell their neo as fast as possible. As so many theories about that. Remember a lot of the site are spreading the bullshit news about crypto everydays. This may become my concern. I’m with you. I don’t trust that link. When you read it there’s actually no official source cited. It’s still all speculation. Unless someone has a more credible and preferably official source, I’m not buying more neo |
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I finally bought some strat yesterday after reading the reddit Ama. The coin had dumped hard before because the devs were not following the timelines in the roadmap. They are aware of this issue and vow to rectify that. As a result, i think the coin is a bargain now at undr $4. I think they have some amazing ideas and lots of ambition, plus the experience to carry it all through. But it’s a long term hold and crypto people only seem to value instant gratification. But we all know who wins big in the end.
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I vaguely remember glimpsing in a Telegram chat that it was going to DNT. But that's all my input.
Very unlikely to be dnt. If you follow dnt, you know that on multiple occasions the team said they’re not in it to make money and don’t care if the value of the coin increases. Dnt is primarily a “community effort”. That’s not what pbc is about. They want coins that have a good if speculative business case and that are aiming to make $$. |
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Why would someone invest in the coin that PBC chooses? They certainly cant make market adoption of any coin happen no matter what they think.
Because those coins have been known to pump big time, ie easy gains, and to keep going for a long period of time. I mean honestly the guy has made some excellent calls in the past and has made people a lot of money. |
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It’s not xrp because xrp was their “special pick”during their sales pitch webinar a few weeks ago.
Emc2 is pumping because of coin burn coming in December. Plus, I’m having a hard time seeing the long term value of emc2.
I doubt it’s zcoin considering it was zencash last month so why would they pick something similar? Besides that zcoin is pumping now because of the masternodes announcement
My vote is xlm.
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I also use Bittrex for altcoins. However, You can’t deposit fiat into Bittrex. So i use bitstamp or btcc to buy bitcoin with fiat and then transfer the bitcoin to bittrex to buy altcoins.
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It is like the stock market, considering you buy and sell tokens on an exchange. Except that it’s not regulated like a stock market. There are a lot of scams in the ico space and a lot of poor projects that will never make it anywhere. That rarely happens in the stock market due to regulations.
A lot of investors could see icos as a get rich quick scheme and don’t understand the risks or the fact they are not regulated. I think it’s good that governments issue public warnings.
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I think it has the potential to decrease inequality. In traditional securities, you need to be a sophisticated investor or institutional investor to be able to access many parts of the markets, particularly the high risk high reward markets. Vs in crypto anyone can trade, can buy whatever they want. Of course the flip side is that there are a lot of scams and you need to educate yourself in order to get a good coin but at least everyone has the opportunity to try. Investors who are not ultra rich are finally not shut out from a good financial opportunity
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Maybe it’s not a “real airdrop” but I sold my bcc I got from the November fork last night  I also received some POS token but i didn’t know it is worth anything. I must check that lol |
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im thanking with this coz my BCH it took a lot of time waiting for the time like this, maybe i should cash it out since BTC is low, and better chances to buy btc at this moment,
I cashed out my bcc last night around $1000. I don’t think the fundamentals are there to sustain that price right now. If it keeps going up well at least I got myself a free $1000 ( best airdrop ever). In the long term i think bcc will do well. Roger Ver and Co won’t let it die, because they invested too much money and ego into it. But it will come down hard in my opinion before it finds a sustainable price. |
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If you use exodus wallet you can do it seamlessly right from your wallet, no need to go to an exchange. I mean you’re still selling your bcc and buying btc (because that’s how currencies work, the currency you get rid of you are selling - but I’m sure you already know that). But the point is that exodus will do it for you through shapeshift.
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It depends on the coin.
I have some coins that I will hodl (#1) no matter what pretty much. It includes some btc and a few alts that i think will make it big. Right now this is about half of my portfolio.
With my other alts, since they’re more short term speculative and an educational experience, at least for now, I do #5.
I should really do #3 more. I believe in btc but I mostly buy into it with fiat injections. I want to be disciplined and put part of my alts scalps into a long term btc fund.
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So I got a message from nxt today saying they’re closing the nxt wallet and to get funds out before end of month. If I can’t hold nxt in the wallet, where do I put it so I can still get ignis. Anyone know? This is soooo disorganized.
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There is no magic number for coins. If you’re investing, as opposed to trading, you can buy many. You don’t have to follow them as closely. Or you can do like me: have some long term coins that I don’t look at very often and some coins I invest in. Split is probably 70-30 of investing vs trading. I also habe bitcoin, which should be at least a proportion of your portfolio.
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I really like coin mastery. He does a new 30 min episode every day, plus he’s on twitter. And he rarely talks about his own coins. He is also on youtube if you need a visual (i listen in the car and look up the charts later if I feel like I’m missing something)
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Make your own fund for yourself, that is the best thing that you can do if you want your own profits.
I totally agree with that. Crypto is not like the real world where you often can’t access some investments if you don’t have enough money so that’s why in the real world funds are handy. In the crypto space, anyone can buy fractions of whatever they want. Also if you sign up for iconomi it tells you what’s in the fund portfolio. Just replicate that. You will spend a bit more time rebalancing your portfolio from time to time but that effort is worth the lower risk of diy |
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Melonport is another one that I know of. To be honest, I wouldn’t invest in any altcoin investment fund at the moment. I think they are all pretty weak.
Swarm fund, which just completed it’s ico, is a new crypto investment fund project that in my honest opinion looks better than the existing offerings.
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