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Author Topic: Which alt-coin do you think is the best hedge against Bitcoin?  (Read 1023 times)
ironstove (OP)
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May 02, 2013, 07:03:39 AM
 #1

NMC - Seems virtually unaffected by the direction of btc, could be on the equivalent comparison of cashing out to fiat, but with higher upside. I think this is probably one of the better alt-currencies I've read about but seems to have no future, however that can change in the future which we're not concerned with in this thread, what we want to see is how the price movement is correlated with BTC.

LTC - Appears to have a very strong correlation with BTC based on the charts, so crashes during the BTC crashes, and spikes during the BTC spikes to varying degrees. The crash early April resulted in the BTC/LTC ratio to drop from .035 to .019, but the most recent drip/correction has resulted in the ratio to actually go UP from .031 to .032.

PPC - PoS is decent, even if the price tanks with bitcoin, you can allow the PPC to sit in a wallet and grow in value over time (1%/year) so even if PPC price remains the same, over time you'll still be making money just from holding by default (assuming that PPC price does not deflate along with it, which it shouldn't as fiat currencies hold a higher rate of inflation).

Those are the 3 alt-coins I've paid the most attention to, please share your thoughts on the above if you have any, or if there are any other good options I've missed.

I've examined both NVC, TRC, FC, and FTC and I feel like the developers/community are not well-developed enough for me to consider moving any capital in.
zby
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May 02, 2013, 07:24:31 AM
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I like PoS as an improvement over the insane amount of electricity needed to maintain the bitcoin network.
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