The best buy right now is not Bitcoin, it is ALTCOINS

[richardsNY]

Bitcoin is the best investment of this decade. I know altcoins can get you a lot profit in a very short time, but it is basically gambling since you need a lot of luck. That's why I don't buy altcoins. Bitcoin is the only coin for me.

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[SISAR]

Bitcoin is the best investment of this decade. I know altcoins can get you a lot profit in a very short time, but it is basically gambling since you need a lot of luck. That's why I don't buy altcoins. Bitcoin is the only coin for me.

ROFL, so you are all-in on Bitcoin but altcoins are gamble? Do you think you are somehow not a gambler? What's more, what would happen with your investment if you wake up tommorow and Jamie Dimon kept his promise about stopping Bitcoin?

https://www.techdirt.com/articles/20151106/08022132734/jpmorgan-ceo-jamie-dimon-says-government-will-stop-bitcoin.shtml

If you think Bitcoin is much safer investment than altcoins you are crazy, realy. Anything crypto is a high risk investment.

[HydroThunder]

I get what OP is saying and I somewhat agree. This is an extremely basic example of what he is thinking of:

Let's pretend you didn't have any coins. 450$ in BTC will get you about 1BTC. 450$ gets you roughly 1,000 PPC. If trends continue, PPC is roughly about 0.1% to 1.0% of the BTC price (Roughly 8$ during the 1,200 peak). If Bitcoin were to hit 10,000, and Peercoin hit 1% of that (100$/PPC) your 1BTC would yield 10,000$, while your 1,000 PPC would be 100,000$. Granted it is a higher risk than BTC, but you don't need PPC to hit the moon, you just need for it to do mildly well.

Regardless of your feelings on altcoins, 100$/coin will someday not be a huge fantasy, at least for those in the top ten. The yields are better, but the risks are higher. Investing in the more reputable coins (if there is such a thing) I think is a reasonable investment. Replace PPC with any other coin, I'm not trying to single that one out. Please refrain from bashing, I'm just trying to share my thoughts.

Edit: I'm not saying go all in on altcoins, however much you feel is sufficient should be fine.

[gentlemand]

There's definitely some upside somewhere but alts have had a couple of years to prove something. The only thing they've proved is what many suspected in the first place. They're pointless.

In the same couple of years BTC has gained some actual utility and fundamentals. It is pretty much in the same boat but on a bigger scale but it's the only one showing some chance of genuinely going somewhere.

And there's the small issue of liquidity. Some of these coins with multi million dollar market caps have a daily volume of a thousand or two. Your paper gains won't be very accessible.

I'm done with alts myself but it may well be worth having a tiny dabble that you don't give a shit about.

Bitcoin is much bigger, better and more secure than all other shit-coins out there.

It is just bigger than altcoins, not more secure.

That's total junk. Thousands of people have attempted to roger Bitcoin in every way possible and it's still rolling. I don't think the same can be said for many or any alts. If they were actually put to the same test there's no way of knowing whether they'd wilt immediately.

[SISAR]

Bitcoin is much bigger, better and more secure than all other shit-coins out there.

It is just bigger than altcoins, not more secure.

That's total junk. Thousands of people have attempted to roger Bitcoin in every way possible and it's still rolling. I don't think the same can be said for many or any alts. If they were actually put to the same test there's no way of knowing whether they'd wilt immediately.

It is rolling until few known pools and few known major miners are confronted by guns and black copters or are simply prevented from accessing Internet (trivial). At that time you'll love if you have a stake in something less centralized, like well-distributed PoS altcoins where hundreds of mostly unknown people are running the show and are in many cases actualy using the same secure code as Bitcoin excluding the gimmicks.

One bank, one leader, one exchange, one coin, one whatever means a single point of inevitable failure so good luck with Bitcoin only.

[BitcoinNewsMagazine]

Try telling that to someone who lost money on Paycoin or Cloak. Majority of altcoins are pump and dumps designed to profit the developer. A very few, like litecoin and Monero are useful. I think you can make more money concentrating on bitcoin. Either buy and hold or learn to trade. 

[SISAR]

Try telling that to someone who lost money on Paycoin or Cloak. Majority of altcoins are pump and dumps designed to profit the developer.

Many people lost a lot of money (or all the money) on Bitcoin or whatever else. Satoshi Nakamoto is still by far the richest Bitcoiner, owning possibly over 1 million BTC. What was your point, realy?

Either buy and hold or learn to trade.  

Learn to trade before any buy and hold, Bitcoin or whatever else.

[stoat]

The next safest coin after bitcoin is probably ETH. They seem to be making good progress with services and ecosystem.  And the coin is only 6 months old.

[Paashaas]

Bitcoin is much bigger, better and more secure than all other shit-coins out there.

It is just bigger than altcoins, not more secure and definitely not better.

You need to recalculate why BTC value is worth $450.

The blockchain is more powerfull than the best 500 supercomputers in the world, that (increasing) hashing power is impressive security.

Satoshi knew there will be tons of other coins, so he/they made the most balanced one. It doesn't matter if xx-coin is a few secs faster.

People only talk mostly about Ether/Litecoin and Monero. Litecoin will being used as a hedge, Ether for smart contracts and Monero maybe as a 2e alternative but those coins will never beat BTC as nr.1.

You can play with those if you want but put most of youre invested money in BTC. And if BTC goes down the drain, alt-coins will follow.

[AtheistAKASaneBrain]

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

You say many of them outform Bitcoin in all its technical aspects, yet you don't give any examples. Last time I checked, I didn't see any coin that has proven to be stable under Bitcoin's pressure, which is the nº1 reason to bet on it. Maidsafe is the only coin different enough that I would be able to trust long term as something valuable.

[Abiky]

What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

Low liquidity means extreme upside potential! Besides, Bitcoin went up so much exactly because bagholding aka HODL so I don't find your argument good enough to dismiss altcoin markets recovery.

I think my argument is very strong actually. Altcoins are worst than penny stock.

In my opinion, most alt coins are not even worth it at all due to the fact that the most of them are just pump and dump scams. As you could see, not even Litecoin proves to be a good alt coin (it has no innovation at all and it is about to die) but among the list of alt coins that will probably survive for long term and might be profitable in the future, I think Ripple and Ethereum are the right choice. Just look at the news and see why Microsoft has been using Ripple's Interledger Protocol for his BaaS (Blockchain as a Service) and Ethereum for its Azure Platform. That can only mean one thing, and that is either Ripple or Ethereum might replace Bitcoin in the future. Just sharing my thoughts. 

[icem3lter]

(alt) coins do not have the potential to go up so much. 1000% is an impractical amount. In the last 6 months of me trading alt coins, not a single coin that I know of, has gone up 1000%

(alt) coin mining is definitely profitable and trading is profitable too...just not in the margins you are giving.
(alt) coins markets go up and down as Bitcoin goes up and down, IN FACT there is a 65% correlation between Bitcoin rises and falls and (alt) coin rises and falls.

The point I am trying to make here is that trading Bitcoin is just as profitable as trading (alt) coins, maybe even more profitable than trading (alt) coins, since Bitcoin is not as susceptible to market manipulation...because the market is so large.

[ayesha201009]

What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

Low liquidity means extreme upside potential! Besides, Bitcoin went up so much exactly because bagholding aka HODL so I don't find your argument good enough to dismiss altcoin markets recovery.

I think my argument is very strong actually. Altcoins are worst than penny stock.

In my opinion, most alt coins are not even worth it at all due to the fact that the most of them are just pump and dump scams. As you could see, not even Litecoin proves to be a good alt coin (it has no innovation at all and it is about to die) but among the list of alt coins that will probably survive for long term and might be profitable in the future, I think Ripple and Ethereum are the right choice. Just look at the news and see why Microsoft has been using Ripple's Interledger Protocol for his BaaS (Blockchain as a Service) and Ethereum for its Azure Platform. That can only mean one thing, and that is either Ripple or Ethereum might replace Bitcoin in the future. Just sharing my thoughts. 

I remember in a conference where a trade told me: litecoin is one of the rarest coin with a direct exchange to dollars

[SISAR]

Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.

You say many of them outform Bitcoin in all its technical aspects, yet you don't give any examples. Last time I checked, I didn't see any coin that has proven to be stable under Bitcoin's pressure, which is the nº1 reason to bet on it. Maidsafe is the only coin different enough that I would be able to trust long term as something valuable.

As for Crypto 2.0 coins:

https://bitcointalk.org/index.php?topic=1153740.0

But even that won't help you much unless you actualy used those coins, extensively and more than once.

(alt) coins do not have the potential to go up so much. 1000% is an impractical amount. In the last 6 months of me trading alt coins, not a single coin that I know of, has gone up 1000%

Dozens of them went up 1000% or more, not sure where you are looking.

As for everything else you posted, a problem here is that so many are double-binary = Bitcoin only and the only way is up. Else I'm gonna jump off the building. That is insane. Sure, they can make money, possibly more than with altcoins (totaly doubt that though) but still they are insane and I don't feel well dealing with insane people even if we all are trillionaires.

[aciddude]

Bitcoin is the longest (I think) running blockchain...I think of it as basically production software that's been running flawlessly for almost 7 years, it has not been shut down, or broken and is being used to transfer value.

Buying altcoins is a great way to diversify your portfolio if you're a trader, but for me...I just bought into the blockchains that were running the longest.

BTC, LTC, FTC - All the dev teams are active, the communities are good....ETH also seems like an interesting buy since it's doing stuff with Microsoft...but that's about it.

I'm also a hobbyist miner from the early days, so I mined BTC with some GPU rigs, then used them for LTC, and now using them for FTC. 

Bitcoins supply halves in roughly 6 months

Feathercoins supply halves in roughly 1.5 years..

Litecoins supply halves in roughly 3.8 years <- Wait for that one... :-)


Just my 2 sats

[SISAR]

Bitcoin is the longest (I think) running blockchain...I think of it as basically production software that's been running flawlessly for almost 7 years, it has not been shut down, or broken and is being used to transfer value.

Before putting more money into Bitcoin you realy should read about it's past. There were many serious issues, from someone creating almost unlimited amount of BTC to unintended hard-forks and BTC lost because official wallet had no password, at all. And lately there was massive debate (still on-going, not sure) about block size and few other aspects so you can not realy speak about stable cruising. There are also four (4) competing implementations of basic wallet, all hoping to get attention and adoption by miners and users and thus shift Bitcoin the route they want which you might not like, at all.

[The Sceptical Chymist]

What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.

[stoat]

What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.

The downside risk is they go to zero, which is the same risk as bitcoin.   But the upside potential of altcoins is much bigger than BTC because they have a long way to grow still.

Are you retarded? 

[SISAR]

What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

This x 1000.  The downside risk is incredibly high-- most of these shitcoins are going to zero and no one is ever going to use them for anything constructive.   Except maybe doge and ltc.

So how exactly you think that you can kill let's say Phoenixcoin ( https://bitcointalk.org/index.php?topic=330956.0 ) which is currently traded at all-time lows and has total 43 million coins mined? At 1 Satoshi I'll buy all mined coins for only 0.43 BTC total (yes, I will) so what will you do afterwards, while I am raping the price any way I see fit and others are jumping on it based on extreme possible gains? How exactly you think to prevent me from totaly controling the market if I own all mined coins? But more important is do you realy know I won't be doing anything useful with PXC if all that happens? In case you haven't noticed, almost everyone who had any sort of innovative idea did not join Bitcoin but went their own way with their own coin or acquired a controling stake in some existing coin then launched whatever they had to offer. Or they are working on it.

Many of you are clearly not thinking or know enough.

[rokkyroad]

2 years ago, you could do very well buying shitaltcoins. Everyone thought alts were going to take over the world and the market was crazy with people buying/selling.

Today, making big money on an altcoin would be like the odds of getting hit by lightning.  If you do hit it lucky on one, you probably lost big time on the 100 500 others you bought.