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Cyberdyne
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July 13, 2013, 11:55:36 PM |
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Altcoins can make you rich and litecoin certainly made few rich.
They can also make you poor, and several altcoins certainly did that. No different to bitcoin then. OP, my personal feeling would be put 18-20k into bitcoins, 5-7k into litecoins. |
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Birdy
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July 13, 2013, 11:57:43 PM |
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No different to bitcoin then.
In that you can speculate with them, yes. But Bitcoin has at least some other uses, Litecoin a few, other Altcoins barely any. |
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Cyberdyne
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July 14, 2013, 12:17:15 AM |
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No different to bitcoin then.
In that you can speculate with them, yes. I meant how it can make you poor, like in the quote that I quoted. |
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Birdy
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July 14, 2013, 12:27:31 AM |
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No different to bitcoin then.
In that you can speculate with them, yes. I meant how it can make you poor, like in the quote that I quoted. That exactly is the speculation part. I would go with a split of ~22-24k in Bitcoin and 1-3k in Litecoin. |
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nrd525
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Activity: 1868
Merit: 1023
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July 14, 2013, 01:53:52 AM |
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I'd invest in shorting both btc and ltc. Put most of it into shorting BTC.
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Digital Gold for Gamblers and True Believers
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cycloid
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July 14, 2013, 01:55:53 AM |
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50% BTC, 30% LTC, 20%PPC
Hold for a year+.
Thank me later.
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DoomDumas
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Activity: 1002
Merit: 1000
Bitcoin
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July 14, 2013, 02:03:27 AM |
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Invest in Bitcoin for sure !
Litecoin may be more speculative, volatile, but never successfull as Bitcoin is/will be !
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odolvlobo
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Activity: 4494
Merit: 3413
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July 14, 2013, 02:13:28 AM |
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Neither. You will do better if you invest in bitcoin-related businesses instead of the currency itself.
Think about it. If you invest in coins directly, your profit is proportional to the number of coins you own. If you invest in a business, your profit is proportional to the amount you invest plus the income that the business makes. If you invest in a business and they use those coins to make money, then the value of your investment will grow faster than the currency itself.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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VolanicEruptor
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July 14, 2013, 02:24:54 AM |
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Don't invest in a currency, invest in a business that uses the currency.
You wouldn't invest solely on the USD, would you?
Look into Activemining on Bitfunder or BTCT (AMC)
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 14, 2013, 02:36:37 AM |
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8 years in BTC
1 year "investment" ... lol ok
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Birdy
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July 14, 2013, 10:35:21 AM |
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Neither. You will do better if you invest in bitcoin-related businesses instead of the currency itself.
Think about it. If you invest in coins directly, your profit is proportional to the number of coins you own. If you invest in a business, your profit is proportional to the amount you invest plus the income that the business makes. If you invest in a business and they use those coins to make money, then the value of your investment will grow faster than the currency itself.
You also take an additional risk that this business will flop, even when Bitcoin doesn't. |
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samson
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Activity: 2097
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July 14, 2013, 01:20:04 PM |
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I'm all USD right now waiting for the Bitcoin bubble to continue deflating.
I'll probably buy some LTC again depending on how the MtGox situation turns out and I'll definitely buy more BTC but my $50k is just waiting right now.
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Hyena
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Activity: 2114
Merit: 1015
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July 14, 2013, 05:03:23 PM |
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50% BTC, 30% LTC, 20%PPC
Hold for a year+.
Thank me later.
40% BTC 19% LTC 19% NMC 19% PPC 3% XPM (PrimeCoin) Also, you might want to take a look at these: http://coinmarketcap.com/ |
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odolvlobo
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July 14, 2013, 05:45:12 PM |
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Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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ElectricMucus
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Marketing manager - GO MP
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July 14, 2013, 05:55:39 PM |
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So let me get this straight: Your distinction of a scam coin is if they are over a certain market cap or not?
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Kazu
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July 14, 2013, 08:03:25 PM |
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Neither. You will do better if you invest in bitcoin-related businesses instead of the currency itself.
Think about it. If you invest in coins directly, your profit is proportional to the number of coins you own. If you invest in a business, your profit is proportional to the amount you invest plus the income that the business makes. If you invest in a business and they use those coins to make money, then the value of your investment will grow faster than the currency itself.
Yes, thank you |
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odolvlobo
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July 14, 2013, 08:26:33 PM |
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So let me get this straight: Your distinction of a scam coin is if they are over a certain market cap or not?
No, my distinction is all coins except BTC, LTC, PPC, NMC, FRC, and DVC. |
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notme
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July 14, 2013, 08:34:51 PM |
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When LTC are deployed on MtGox, I intend to buy BTC or LTC every time the market moves a specific percentage.
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cycloid
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July 14, 2013, 09:01:58 PM |
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So let me get this straight: Your distinction of a scam coin is if they are over a certain market cap or not?
No, my distinction is all coins except BTC, LTC, PPC, NMC, FRC, and DVC. Lol you need to do some research before you post. PPC (p2p coin) and XPM (prime coin) are both created by same author Sunny King. Primecoin started only last week and had a fantastic start with no premine and already set 2 world records : http://bitcoinmagazine.com/primecoin-has-exchange-casino-already-breaking-world-records/ It is very insulting to put XPM in the ranks of scam coin. |
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Hyena
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Activity: 2114
Merit: 1015
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July 14, 2013, 09:03:19 PM |
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So let me get this straight: Your distinction of a scam coin is if they are over a certain market cap or not?
No, my distinction is all coins except BTC, LTC, PPC, NMC, FRC, and DVC. FRC is scamcoin to my understanding as it was stated somewhere that they have premined it (I'm not sure of that as a fact but demurrage is not that attractive aspect anyway) DVC hasn't attracted me either and is a semi-scam coin. XPM is actually novel and introduces something new to the crypto currency club. |
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