Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin

[tokeweed]

Get ready folks.  Bitcoin looks like it might go sub 300 again.  I could be wrong, but it's a good time to get ready and know what to do in case that happens.  

Some alts could see some spikes in the process.  Good luck.

Edit:  Again, I may be wrong.  But it's good to be ready for some trades and take some profit.

[tokeweed]

Watch LTC.  It could be a start of a trend.  But we'll see.

Caveat.  I am not a licensed trader.

[tokeweed]

LTC is being pumped by OKCoin.  I wonder for how long...?

[tokeweed]

Hit or miss.  XRP could start breaking out again.

Caveat:  I'm not a licensed financial adviser.

PS.  Keep losses small by setting a stop loss.

PPS.  Follow your stop loss rule.

[tokeweed]

XRP breakout.  Hopefully we see another profitable run.

[tokeweed]

This just in:  https://azure.microsoft.com/en-us/blog/azure-blockchain-as-a-service-update/

Microsoft is exploring Ripple's Inter Ledger Protocol and has started running a Ripple validating node.

Ripple

Azure BaaS is currently operating a Ripple validating node for the benefit of Ripple's bank users, providing a valuable stakeholder to the consensus network.

We’re exploring how the Interledger Protocol can be used by the Azure enterprise and developer community to enable new and novel use cases within Microsoft's Blockchain as a Service offering.

We have several customers taking advantage of the Blockchain as a Service platform and an active pipeline of partners getting on-boarded. If you’re a partner eager to get in on the action, or a customer wanting to see a Blockchain technology or value added service in the Marketplace let us know in the comments below.

[tokeweed]

Clam starting to breakout.  Let's wait and see if volume improves.

Caveat.. etc, etc.

[Nxtblg]

Clam starting to breakout.  Let's wait and see if volume improves.

Disclosure:  Have not bought any yet. 

Caveat.. etc, etc.

So's Bitcoin, although not to the extent that it rocketed up last month.

[sashacoin]

For us with few Bitcoin, it's better to stay in the altcoin market where we have ability to increase our portfolio big, then switch to Bitcoin.

[The Sceptical Chymist]

^ Does it pay in Bitcoins?

It doesn't pay dividends.  It acts as a standard cryptocurrency, having value in part because of the expense required to generate coins, and also gaining value as the difficulty rises and as the supply is spread to more people through increased adoption.

But NXT is cheap now, so you can burn your altcoins for BARR, sell them for NXT, wait for NXT to go up a little, and then sell NXT for BTC, with plenty of time left before next year's block halving and hopeful moonride to the Bitcoin lunar palace.

Or you can probably bypass the burn and redemption process - we will attempt to maintain buywalls for all accepted coins during the burn period, so that people who want to dump can dump to us on Cryptsy or Polo, and we'll burn those coins ourselves.  Then they don't have to go to the trouble of exchanging for BARR and then dumping that.

First, OP you were right about buying btc when you wrote the first post, so you nailed it.

Second ^^ this is a very interesting concept to me, but I don't understand how your coin derives value from the destruction of others, and the churning out of coins is not limited by anything.  The making of brand-new coins, I mean.  You are absolutely right that there are way, waaaaay too many altcoins on the market.  No one is ever, not in a million years, going to use these coins for anything other than trading and the pump and dump stuff.  How's it going with your project?

[tokeweed]

Clam still looking good surprisingly.  Volume kinda thin though...

[jwinterm]

Clam still looking good surprisingly.  Volume kinda thin though...

Clam looks good like clams casino at a roadside diner in Wichita Nebraska or Lincoln Kansas.

[zhalox]

I don't want to sell my XMR for BTC since BTC are being tracked by https://www.blockseer.com, http://polycoin.io, http://coinalytics.co/, https://chainalysis.com/, etc., I'd rather keep my funds in Monero which is private, fungible, untraceable, & scalable (they fixed the block size problem).

[tokeweed]

Watching XMR...

[bitowl]

I don't want to sell my XMR for BTC since BTC are being tracked by https://www.blockseer.com, http://polycoin.io, http://coinalytics.co/, https://chainalysis.com/, etc., I'd rather keep my funds in Monero which is private, fungible, untraceable, & scalable (they fixed the block size problem).

Good point. If you think back to when bitcoin first hit popular tech articles probably the biggest point of the whole things was anonymous currency because no one knew wtf was going on back then. Then it turns out all your funds and transactions are viewable by anyone. For a while in 2012 blockchain.info was displaying the IP address of people sending transactions and showing it on a map lol.

I'm spooked by how fast bitcoin is climbing. Are there any coins that trade counter to bitcoin that I can use to hedge? Or is moving from a speculative to more speculative cryptocurrency just a retarded idea?

[zhalox]

I personally favor Monero, since it's the anonymous encrypted internet money that the original Silk Road users once thought Bitcoin was, and is the world's first true digital cash.  As a Bitcoin miner & trader since early 2011, I have loved it and still do for various things, but unfortunately Bitcoin is already legacy (e.g., Netscape Navigator).  If you want true next-gen Bitcoin 2.0 cryptocurrency / digital cash, Monero is the new kid on the block (e.g., Google Chrome alpha/beta). Monero / XMR isn't a fork of Bitcoin but rather rewritten from the ground upwards, is fungible, untraceable, anonymous, & scalable (and they fixed the block size problem too), and some Bitcoin devs are updating Monero's code which gives it credibility, as well as multiple Ph.D. cryptographers. I've converted my BTC funds to XMR and don't plan on going back to legacy (except when necessary using services such as https://xmr.to). The free market shall decide...

[tokeweed]

XRP stop loss hit.  -_-

[tokeweed]

Anyone know what's going on with Factom?  Nice little run up there.  I missed it though...

[favdesu]

Nah sorry, I like to diversify. Bitcoin is important, but it does not hurt to buy 2-3 altcoins if you see some value in them.

[tokeweed]

Bottom hit?  Watch NXT.  There's no breakout as of now, but t's good to put in your watchlist.