[2017-03-08]Investors Who Missed Bitcoin Rally Go for Dash, Ether, Monero

[Kemarit]

With bitcoin on a tear, Mira Kwon decided there’s more money to be made elsewhere. A little over a month ago, the University of Maryland economics graduate began pouring more than $2,000 into a different crypto-currency called dash.

“Bitcoin is expensive,” Kwon, a mother, investor, Korean interpreter and U.S. Army veteran, said in a telephone interview. “I think dash has a bigger growth rate.”

So far, it’s worked. Dash has risen to $46 from $15.20 when Kwon started, according to prices at CoinMarketCap. With a market value of $326 million, dash has become the third-largest crypto-currency, behind bitcoin and ether. Other digital currencies are on the move, too, including monero and zcash, to name some of the 700-plus out there. Investors who feel they missed out on bitcoin are seeking a different path to crypto-riches.


Full Read Here: https://www.bloomberg.com/news/articles/2017-03-08/investors-who-missed-bitcoin-rally-go-for-dash-ether-monero

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[LittleBitFunny]

Yeah, naturally they're going to try but none of these currencies have anything on Bitcoin.  In the short term people might make some money from altcoin trading but once a community has built up as large as Bitcoin with the knowledge of Bitcoin's authenticity and originality Bitcoin will always be the master coin.  This applies even more when since all of the major currencies are decentralised they can't just launch advertising campaigns like private companies can to get people to start using them as a currency.

Also, the logic that Bitcoin is expensive is pretty weak.  You could argue, perhaps, that Bitcoin's price is at its natural climax (which I don't believe, but that would be a far better way of phrasing it).  It being expensive is pretty much irrelevant because the prices of goods (in Bitcoin) always relate to the current value of Bitcoin, so you don't need to buy a specific amount of Bitcoin to be in on it.  The amount that you put in should be based on the amount of fiat currency you're willing to rather than solely the outcome.

I don't think Dash is going to go much higher.  This student might be disappointed.