If you invest in bitcoin, do you invest in alternative cryptocurrencies as well?

[247saver]

Eventually someone will create a program to allow anyone to just come up with their own alt coin and you will start to see dozens created daily and there will be no reason to invest in them.

It has happened

http://www.ebay.co.uk/itm/Bitcoin-Litecoin-Feathercoin-Now-Own-Your-Own-Crypto-Currency-/111211795895

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[247saver]

No I dont, I actually need to see some growing merchant support before I buy some alternative cryptocurrencies. For me, alternative cryptocurrencies are just pure speculation now.

Not sure if you're aware of CoinPayments.net - I just found them - they work like Bitpay and make it very easy to accept a selection of alt-coins (as well as Bitcoin)

Now anyone can setup a store and accept [major]  alt-coins just as easily as bitcoins, within minutes.

https://www.coinpayments.net/index.php?cmd=directory

[hromobiti]

Eventually someone will create a program to allow anyone to just come up with their own alt coin and you will start to see dozens created daily and there will be no reason to invest in them.

It has happened

http://www.ebay.co.uk/itm/Bitcoin-Litecoin-Feathercoin-Now-Own-Your-Own-Crypto-Currency-/111211795895

I would preffer open source, would be fun to create my own alt coin
But I will stick with Bitcoin unless I see some alt coin merchant adoption (Amazon might create own alt coin for example)

[mb300sd]

I hold a few thousand litecoins, wish I mined way more back in the day... Got a few hundred namecoins too, but those are the only 2.

[Alty]

I've invested 10% of my BTC into Goldcoin.

Simply because if somebody asks me how I'd like to pay for something

I'd rather say.

"Goldcoin!"  

I'm getting more and more interested in LTC also, but haven't invested yet.

[adamstgBit]

FTC

not over priced.

[zoinky]

you know, litecoin et al.

what is your rationale for yes/no investing in alt coins?

i hold ltc,

i think its good to have a back up in case btc fails or gets too big.

Seems people agree with this, I'm sure especially when the block limit starts being tapped and transactions actually start taking forever.  Hope it's addressed before that or it could give Litecoin a big bump.

[David M]

Only Namecoin.

[umaOuma]

Only little in LTC, NMC, FTC, NVC

Hopefully Im right and didnt miss some interesting alt coin

[JekyllIsland]

I invested around 1% in litecoin and feathercoin. Hoping some more services start accepting them  .

[tunctioncloud]

I invested around 1% in litecoin and feathercoin. Hoping some more services start accepting them  .

1% is percentage one really can afford to loose 

I believe other altcoins can be successfull only if Bitcoin is. But there is always possibility altcoin fail while Bitcoin not.

So I dont hold altcoins

[seleme]

I made 90% of my BTC trading alts. Not really investing yet but trading all the time, I never trade btc vs usa, only btc vs alts.

[GigaCoin]

you know, litecoin et al.

what is your rationale for yes/no investing in alt coins?

As bitcoin gains more and more value, it'll get harder to ignore Altcoins. Litecoin is already proving to be a rising star, however the dev community for litecoin is currently weak and hopefully picks up as it gains value.

[zby]

I have some PPC - I am not really convinced on their implementation of proof of stake, but it is the only fundamental alternative to the bitcoin proof of work system. Litecoin used to be advertised as a coin that will not have ASIC miners - but looks like soon it will have http://www.coindesk.com/asic-miners-litecoin-soon/. All other coins are just copycats.

[NUFCrichard]

It will be very difficult to prevent ASIC on any high value coin, if a CPU/GPU can do something well, why would something specifically made to do that function not be able to do it better?

[Kaiji]

Just be careful when investing in alt coins. There are a lot of pump and dump schemes going on but if you got lucky you can easily quadruple your money. I've noticed in the last 6 months that there people who made more money investing in litecoins and other alt coins than in bitcoins ( not counting the current bitcoin rise).

[GigaCoin]

Just be careful when investing in alt coins. There are a lot of pump and dump schemes going on but if you got lucky you can easily quadruple your money. I've noticed in the last 6 months that there people who made more money investing in litecoins and other alt coins than in bitcoins ( not counting the current bitcoin rise).

agreed about the pump/dump schemes, i guess for anyone investing in Altcoin is important to research about the fundamentals first, the technology and future potential before jumping in.

personally, i would green light Litecoin as the "next big" Crypto Currency. Once the infrastructure around it and Major exchanges implementation takes place (mtgox, bitstamp, btcChina, etc) the thing will skyrocket. That begin said, there is potential for PPcoin and Nova Coin only if Litecoin community and devs fail to develop it further.

Remember as Bitcoin rises in price, it gets more and more unaffordable for the masses, especially after it breaks $1000+ , demand for Altcoins will increase.

[porcupine87]

I have 20% in Altcoins (15% LTC, 2.5% each in PPC and XPM). In terms of bitcoin I lost a lot with them by trading on btc-e (you know, buy high, sell low), but each coin is near its all time high...

[raskolnikovx]

Change a bitcoin to LTC
Buy some FTC too, they are just too cheap.

You never know but you dont want to be the guy that could buy 50 LTC at 7 USD if they do what BTC did.

Litecoin is better than BTC in some aspects (its better to transact faster, to pay little amounts on sites, to bet online, etc)
All this could make LTC go up in the near future.