Diversification into alt coins.

[ElectricMucus]

Those alt coins(junkcoins) are spreading the investment of bitcoin and can't be good for crypto as a whole, they will also destroy people's trust of cryptocurrencies after their crash and run and disapparation.

yes and, you can't stop it.

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[teukon]

Those alt coins(junkcoins) are spreading the investment of bitcoin and can't be good for crypto as a whole, they will also destroy people's trust of cryptocurrencies after their crash and run and disapparation.

yes and, you can't stop it.

Sure you can.  Just click the "ignore" link next to banaltcoin's post.  Works like a charm!

[Miz4r]

   
Stop and Ban those alt coins copycats now

Almost all(in fact, all) of the alt-coins out there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Most alt coins are completely pointless and just poor replicas of what's already out there with little to no improvement.

Those alt coins(junkcoins) are spreading the investment of bitcoin and can't be good for crypto as a whole, they will also destroy people's trust of cryptocurrencies after their crash and run and disapparation. only their "developers" or "early adopters team" will get rich quick by taking your money away.

Bitcoin has a limit of only 21 million, however with all these so called "alt coins", the total number of crypto is in fact unlimited and make all cryptocurrencies end up into a ponzi scheme(only detract from people's perceived value of Bitcoin and the legitimacy of cryptos in general)

Stop and Ban those alt coins copycats now, let the money flow back to the bitcoin!

https://bitcointalk.org/index.php?topic=432187

Fuck off you moron. This is what's called a free market. If you don't like it then don't invest in them, but you don't get to decide who should invest in what coin. Will lots of people get burned buying stupid coins? Yes they will, and that's perfectly fine. The coins that are good will remain in the end, and you know what, that coin may not be bitcoin.

[AvalonMiner]

I have all mine in dogecoins. It is the most promising crypto

[chunglam]

50% crypto-currencies, 50% other assets(mostly cash plus fund, bond, stock and PM)
For crypto-currencies, 90% Bitcoin and 10% alts(mostly Litecoin plus some Peercoin, Feathercoin and Ripple)
Re-balance when any category out of +- 5% range

[seleme]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

[2dogs]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

what coin is that?

[seleme]

SaturnCoin.

[teukon]

My retirement portfolio:

30% Bitcoin
20% Litecoin
20% Dogecoin
10% US dollars
10% Saturncoin
10% gold

I would usually have a chunk in real estate but the current housing market seems a bit risky for my taste.

[nwbitcoin]

I like alt coins and have owned a fair few over the last year.
Most of my current value is in Litecoin, but only because it actually has a real cash value away from bitcoin. I also like Peercoin and recently got very interested in Nxtcoin.

However, the trick is to realise that alt coins are the future.  Bitcoin is currently doing the work of introducing crypto currency to the masses, but it isn't going to be the coin used by the mainstream.  That is going to be an alt coin.

History teaches us that change comes through little differences. Technology is no different, and the past 20 years has seen so many examples of this.  The internet started for the public with glorified text files.  By today we can video chat with individuals while we watch live TV and shopping with international traders all on the same screen!

What bitcoin fanboys need to remember is that none of the above example can not be done with the glorified text file internet of 1992. 

Bitcoin gives us structure
Nxtcoin gives us proof of stake and true decentralised trading
Just remember it took years of awful search engines before Google turned up and gave us everything we wanted. Nobody remembers the first search engines like webcrawler and Altavista - yet without them, Google would not exist.
The next alt coin will give us the next step towards everyday use, and the cycle continues. 

If you are not diversified into alts, your bitcoin pension pot is going to be worthless! ;-)

[SilverandBitcoins]

I like alt coins and have owned a fair few over the last year.
Most of my current value is in Litecoin, but only because it actually has a real cash value away from bitcoin. I also like Peercoin and recently got very interested in Nxtcoin.

However, the trick is to realise that alt coins are the future.  Bitcoin is currently doing the work of introducing crypto currency to the masses, but it isn't going to be the coin used by the mainstream.  That is going to be an alt coin.

History teaches us that change comes through little differences. Technology is no different, and the past 20 years has seen so many examples of this.  The internet started for the public with glorified text files.  By today we can video chat with individuals while we watch live TV and shopping with international traders all on the same screen!

What bitcoin fanboys need to remember is that none of the above example can not be done with the glorified text file internet of 1992. 

Bitcoin gives us structure
Nxtcoin gives us proof of stake and true decentralised trading
Just remember it took years of awful search engines before Google turned up and gave us everything we wanted. Nobody remembers the first search engines like webcrawler and Altavista - yet without them, Google would not exist.
The next alt coin will give us the next step towards everyday use, and the cycle continues. 

If you are not diversified into alts, your bitcoin pension pot is going to be worthless! ;-)

It sounds like you believe that BTC price will crash along with BTC when a replacement coin starts to take over.  Are you still holding BTC?  What is your plan of action with regard to selling your BTC holdings when you suspect that BTC will go down?

[byronbb]

I like alt coins and have owned a fair few over the last year.
Most of my current value is in Litecoin, but only because it actually has a real cash value away from bitcoin. I also like Peercoin and recently got very interested in Nxtcoin.

However, the trick is to realise that alt coins are the future.  Bitcoin is currently doing the work of introducing crypto currency to the masses, but it isn't going to be the coin used by the mainstream.  That is going to be an alt coin.

History teaches us that change comes through little differences. Technology is no different, and the past 20 years has seen so many examples of this.  The internet started for the public with glorified text files.  By today we can video chat with individuals while we watch live TV and shopping with international traders all on the same screen!

What bitcoin fanboys need to remember is that none of the above example can not be done with the glorified text file internet of 1992. 

Bitcoin gives us structure
Nxtcoin gives us proof of stake and true decentralised trading
Just remember it took years of awful search engines before Google turned up and gave us everything we wanted. Nobody remembers the first search engines like webcrawler and Altavista - yet without them, Google would not exist.
The next alt coin will give us the next step towards everyday use, and the cycle continues. 

If you are not diversified into alts, your bitcoin pension pot is going to be worthless! ;-)

This is so very possible its not funny. I also had a nightmare where google releases a pre-mined coin backed by a million GOOG shares. I mean it would murder bitcoin over night.

[chessnut]

I like alt coins and have owned a fair few over the last year.
Most of my current value is in Litecoin, but only because it actually has a real cash value away from bitcoin. I also like Peercoin and recently got very interested in Nxtcoin.

However, the trick is to realise that alt coins are the future.  Bitcoin is currently doing the work of introducing crypto currency to the masses, but it isn't going to be the coin used by the mainstream.  That is going to be an alt coin.

History teaches us that change comes through little differences. Technology is no different, and the past 20 years has seen so many examples of this.  The internet started for the public with glorified text files.  By today we can video chat with individuals while we watch live TV and shopping with international traders all on the same screen!

What bitcoin fanboys need to remember is that none of the above example can not be done with the glorified text file internet of 1992. 

Bitcoin gives us structure
Nxtcoin gives us proof of stake and true decentralised trading
Just remember it took years of awful search engines before Google turned up and gave us everything we wanted. Nobody remembers the first search engines like webcrawler and Altavista - yet without them, Google would not exist.
The next alt coin will give us the next step towards everyday use, and the cycle continues. 

If you are not diversified into alts, your bitcoin pension pot is going to be worthless! ;-)

This is so very possible its not funny. I also had a nightmare where google releases a pre-mined coin backed by a million GOOG shares. I mean it would murder bitcoin over night.

So far, all the coins proposed by large organisations are centralised. JP morgan, google, and ripple.
smart money will not flow to those, but I fear the same as you do, the ignorant would first support a google coin.
It is a terrible test. the people have an opportunity to save themselves....... will they choose google coin? Id rather they choose dogecoin....

[El Dude]

My retirement portfolio:

30% Bitcoin
20% Litecoin
20% Dogecoin
10% US dollars
10% Saturncoin
10% gold

I would usually have a chunk in real estate but the current housing market seems a bit risky for my taste.

remove dogecoin saturncoin , usd and replace with silver and more LTC and you'll be fine.

[Miz4r]

I like alt coins and have owned a fair few over the last year.
Most of my current value is in Litecoin, but only because it actually has a real cash value away from bitcoin. I also like Peercoin and recently got very interested in Nxtcoin.

However, the trick is to realise that alt coins are the future.  Bitcoin is currently doing the work of introducing crypto currency to the masses, but it isn't going to be the coin used by the mainstream.  That is going to be an alt coin.

That is far from certain and too bold a statement. It all depends on whether Bitcoin can adapt and incorporate the innovations altcoins will bring. If it can, whether through things built on top of the Bitcoin protocol or through a hard fork if all else fails, then BTC will become the coin used by the mainstream. And with the amount of people invested in Bitcoin and a strong ASIC network backing it, you know it will do everything it can to stay on top of the crypto foodchain. I think it's always good to diversify into a few promising altcoins, but I wouldn't bet most of my money on them right now.

[knightcoin]

75% in Bitcoin ( for real serious bussines, my family's future )
25% dogecoin ( for funny stuff, charity )

also invest in company related to bitcoin.

[raid_n]

I like alt coins and have owned a fair few over the last year.
Most of my current value is in Litecoin, but only because it actually has a real cash value away from bitcoin. I also like Peercoin and recently got very interested in Nxtcoin.

However, the trick is to realise that alt coins are the future.  Bitcoin is currently doing the work of introducing crypto currency to the masses, but it isn't going to be the coin used by the mainstream.  That is going to be an alt coin.

That is far from certain and too bold a statement. It all depends on whether Bitcoin can adapt and incorporate the innovations altcoins will bring. If it can, whether through things built on top of the Bitcoin protocol or through a hard fork if all else fails, then BTC will become the coin used by the mainstream. And with the amount of people invested in Bitcoin and a strong ASIC network backing it, you know it will do everything it can to stay on top of the crypto foodchain. I think it's always good to diversify into a few promising altcoins, but I wouldn't bet most of my money on them right now.

Most of the alt-coins do not provide any significant advantage over Bitcoin.
You have to realize that alts are primarily used for speculation. Of course anyone invested in it will claim that the changes make it far superior to Bitcoin.

Lets take fast block creations as an example. You are led to believe that fast block creation speeds are good. But are they?
In the unlikely but possible event that a large group of miners is separated (think undersea cable fails etc) you are facing a chain split. The faster the block creation speed
the worse it gets because the alternative chain grows quicker. So what do you gain? a bit faster confirms.
This can be solved using a service built on top of Bitcoin. Think about something like fast consensus ( i.e. what ripple uses) to form agreement upon transactions coupled with some sort of
deposit in case malicious entities to try and double spend.

Oh, and while I think it is good that Nxt has its own codebase the distribution of wealth there is practically asking for a trillion forks that deal with that issue.

I am not saying that alts have no merit, on the contrary. If I want to transfer a couple of cents (Tip or whatever) I'm not gonna use Bitcoin where the transaction fee might be higher than the amount.
Litecoin or DOGE or whatever can fill that niche. I just think that most people will put most of their trust into Bitcoin, diversifying a bit into alts for whatever reasons they have.

At this stage there is nothing fundamentally wrong with Bitcoin to warrant a full-fledged exodus. Any altcoin is weighed against Bitcoin. It has become the gold standard of cryptos.

[Akka]

raid_n, the biggest point about faster blocks actually is: Do they really mean faster confirms?

Answer: Not really.

Confirmations are a measurement of security. Simple speaking, when you have 1 confirmation in Bitcoin it means the mining power of 10 minutes says your transaction is confirmed. If you have a coin with 1 minute Blocktime 1 confirmations means the mining power of 1 minute says your transaction is confirmed

That means if you wait for 6 confirmations in a Bitcoin transaction, you should actually wait for 60 confirmations in the other coin and that only if the same amount of Hash Power would back it.

The only (very small advantage) is the 1. confirmation where it would already have the security of 1/10 of a Bitcoin confirmation.

That most services wait for 6 confirmations, no matter the Blocktime just shows how little understood that is.

[raid_n]

raid_n, the biggest point about faster blocks actually is: Do they really mean faster confirms?

Answer: Not really.

Confirmations are a measurement of security. Simple speaking, when you have 1 confirmation in Bitcoin it means the mining power of 10 minutes says your transaction is confirmed. If you have a coin with 1 minute Blocktime 1 confirmations means the mining power of 1 minute says your transaction is confirmed

That means if you wait for 6 confirmations in a Bitcoin transaction, you should actually wait for 60 confirmations in the other coin and that only if the same amount of Hash Power would back it.

The only (very small advantage) is the 1. confirmation where it would already have the security of 1/10 of a Bitcoin confirmation.

That most services wait for 6 confirmations, no matter the Blocktime just shows how little understood that is.

Well it does mean faster confirms (on average), but weaker confirms .
The real issue only arises when malicious entities try to double spend.
If the requested transaction is honored even after a fork there is no problem.
Which is why I think this is not that much of an issue for future real world situations.
You'd want to have a service wrapped around Bitcoin that has extremely fast confirmation times anyways for stuff like point of sale.
They'd probably charge a small fee for covering the risk of double spends.

[oetzi]

52% BTC
35% PPC
12% XRP
1%  NXT

In the past XRP investment was bigger, then its price fell.