okiefromokc
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Activity: 96
Merit: 10
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November 09, 2014, 12:53:17 AM |
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currently in a mixed bag of speculative alt-coins. They seem to be where the limited action seems to be currently.
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e-coinomist
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Activity: 2380
Merit: 1085
Money often costs too much.
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November 09, 2014, 06:39:08 AM |
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... Willy Bot ... professional mining class ...
Sad to admit Taun, that was on spot. Gox gone, what remains reminds of professional hookers who have to cash out 80% for cocaine each working day.
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Snail2
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Activity: 1512
Merit: 1000
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November 09, 2014, 08:44:14 AM |
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Taunsew is probably right. Maybe we'll see some desperate attempts to raise BTC prices, we'll see.
Already moved some 20% to NXT AE, will mothball 30% in BTC, planning to move another 10-15% to NXT AE and split the rest between a few promising stuff like Bitshares, Qora, NXT clones (20%) and tinkering on exchanges (10-20%).
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LeChatNoir
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November 09, 2014, 04:50:13 PM |
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I will move 100% to NXT
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Coinpanion.io - Copy Successful Crypto Traders
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robrigo
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November 09, 2014, 06:31:58 PM |
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I'm already 100% in BTS / MUSIC / PLAY. I hopped off the proof of waste bandwagon as soon as I saw the potential for Decentralized Autonomous Communities to revolutionize collective human behavior and ledger based industries.
Organizational structures (companies for example) reflect the incentives of participating actors in their internal processes. BitShares aligns these incentives in an optimal way, and allows for the creation of a liquid democracy style of governance within the system to find consensus for hard fork proposals and delegates to hire, consequently creating jobs for developers, marketers, IT specialists, start up businesses, etc. mediated by contracts on chain.
Combine those factors with the market assets such as bitUSD and bitGOLD which allow you to hedge against volatility on chain & send / store fungible tokens that maintain a stable value, and you have created a very useful technology.
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FandangledGizmo
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Activity: 1138
Merit: 1001
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November 09, 2014, 07:06:07 PM |
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The alt-coin market is pretty dead. Primarily the volatility of Bitcoin/Altcoins don't make them very attractive for very many use cases. BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.)
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devphp (OP)
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November 09, 2014, 08:34:23 PM |
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Basically this poll is to check your determination to hold on to Bitcoin even though it fails to reflect its 'explosive' network effect in the price in the next 12 months. Would you start to question the economics of Bitcoin and mining then and perhaps look into promising alt crypto technologies (which could rise in these 12 months if only because it doesn't take a lot of capital to move their market caps higher) or would you have enough resolve to hold your Bitcoin bag no matter that your ROI expectations have to be adjusted? If you don't know the answer now, be sure to give it a good thought some time in the next weeks and months.
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tattooist
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November 09, 2014, 08:50:29 PM |
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I'm trying to make profit on various alt's and with the profit I buy more BTC
But for me it's all "playing money" ,more or less long term gambling on the second coming of BTC
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FandangledGizmo
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Activity: 1138
Merit: 1001
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November 09, 2014, 08:58:48 PM |
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Basically this poll is to check your determination to hold on to Bitcoin even though it fails to reflect its 'explosive' network effect in the price in the next 12 months. Would you start to question the economics of Bitcoin and mining then and perhaps look into promising alt crypto technologies (which could rise in these 12 months if only because it doesn't take a lot of capital to move their market caps higher) or would you have enough resolve to hold your Bitcoin bag no matter that your ROI expectations have to be adjusted? If you don't know the answer now, be sure to give it a good thought some time in the next weeks and months.
I hedge in BTC in case BTS has some technical fault/exploit & because if there were serious deposit confiscations/financial problems in the next 60-90 days BTC would benefit most. Long term though POW is unprofitable and centralised in BTC especially, so it's pretty inevitable Bitcoin will be replaced so I'll probably lower my BTC position over the next 12 months. As I mentioned above BitAssets within BitShares are most likely to be the innovation that does it, though I don't how the market will perceive their new dilution/inflation system. They're starting marketing at the end of the month I think so we'll know soon enough.
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Don Flamenco
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Activity: 42
Merit: 0
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November 10, 2014, 02:12:52 AM |
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I think we've hit bottom and are on a trend up now. How long it lasts is an entirely different animal. We won't see the $1000 prices, but I'd certainly like to see $500 again.
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freedomno1
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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November 11, 2014, 08:39:51 AM |
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Suppose you knew exactly that the slump crypto currencies are in now will continue for another 12 months. There is capital flowing into crypto currencies, but it's not enough to move Bitcoin and alts higher, it's barely enough to keep cryptos afloat at the current level. What will be your actions if this situation goes on for another 12 months, till October 2015 (Bitcoin stays below $500, Top 5-10 alts stay at about the same price relative to Bitcoin)?
If I knew exactly what would happen for the next 12 months Would convert to fiat invest it in Alibaba or something then put the money back into bitcoin a year later given the scenario given The reason is I likely have a higher percentage of ownership than holding. That said this is fairly low already so the situation you just described might not be the likely outcome despite all the selling and downward pressure from fiat conversions.
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Believing in Bitcoins and it's ability to change the world
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FinancialWisdom
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Activity: 28
Merit: 0
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November 11, 2014, 08:53:29 AM |
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bear wont last 12 months from my pov , but we will see that in 2015 right
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TaunSew
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November 11, 2014, 09:16:50 AM Last edit: November 11, 2014, 09:28:40 AM by TaunSew |
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The alt-coin market is pretty dead. Primarily the volatility of Bitcoin/Altcoins don't make them very attractive for very many use cases. BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.) Nobody would want BitAssets or BitUSD if BitsharesX itself isn't doing too great. There's really no reason for my to exchange my real dollars for fake dollars on BitsharesX, unless it is to trade for BTSx if the price goes lower but if everybody regards BTSx as a write off ("won't go anywhere") then nobody is going to put their dollars or assets on it. There is already something with currency support called Ripple and technically Ripple would hold out better than BTC and BTSx in these bear porn scenarios as Ripple has established utility as a payment processor. Still Ripple itself is pretty tiny in that payment processor industry when we consider PayPal and the probable hundreds of other competitors.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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jeezy
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Activity: 1237
Merit: 1010
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November 11, 2014, 09:27:42 AM |
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Convert 100% NXT+Assets/NEM/BTCD/SuperNET
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TinEye
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November 11, 2014, 10:41:04 AM |
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I am staying in Nxt!
and see it drop against BTC which itself is dropping against USD.
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TinEye
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November 11, 2014, 10:56:36 AM |
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The alt-coin market is pretty dead. Primarily the volatility of Bitcoin/Altcoins don't make them very attractive for very many use cases. BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.) Being in BitASsests mean no gain. Much better to have Bitshares and follow closely as your developers changes the deal everyday which leaves the investors burnt. Theres big profits to be made there by trading smartly.
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superresistant
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Activity: 2142
Merit: 1131
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November 11, 2014, 12:02:52 PM |
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I'm all in NXT + XMR and soon I'll buy some silver coins (metal).
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cassius69
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November 11, 2014, 12:37:55 PM |
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I will move 100% into altcoins.
please....no!
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FandangledGizmo
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Activity: 1138
Merit: 1001
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November 11, 2014, 01:16:09 PM |
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The alt-coin market is pretty dead. Primarily the volatility of Bitcoin/Altcoins don't make them very attractive for very many use cases. BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.) Nobody would want BitAssets or BitUSD if BitsharesX itself isn't doing too great. There's really no reason for my to exchange my real dollars for fake dollars on BitsharesX, unless it is to trade for BTSx if the price goes lower but if everybody regards BTSx as a write off ("won't go anywhere") then nobody is going to put their dollars or assets on it. There is already something with currency support called Ripple and technically Ripple would hold out better than BTC and BTSx in these bear porn scenarios as Ripple has established utility as a payment processor. Still Ripple itself is pretty tiny in that payment processor industry when we consider PayPal and the probable hundreds of other competitors. Ripple is just a centralised gateway service with 500% inflation still to come. I've never owned XRP and probably never well. BitAssets let you store and trade the value of real world counterparts like gold/silver/dollar etc. in a completely decentralised way. They're completely different. As I said on Aug 22nd I suggest people try look into them over the weekend or believe ChuckOne and TaunSew and stay in NXT etc. next week for the launch... https://bitcointalk.org/index.php?topic=752258.msg8490849#msg8490849You could have listened to TaunSew & stayed in NXT that week or Tripled it in BitSharesX. (Quintupled it, if you bought a few days earlier when I started posting.) That opportunity has arrived again with the marketing launch starting at the end of this month. Unlike August though when BitAssets were first introduced and had flaws. (The reason for the subsequent 50% fall) they have now been improved and have been functioning well, so it should be a big gain that will see BitAssets drive BitShares from strength to strength and not just a big short term gain. So again I recommend investigating BitShares, BitAssets and their upcoming marketing for yourselves.
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JakeThePanda
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November 11, 2014, 01:35:53 PM |
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25% US real estate 60% US stock market - at least that pump has some real weight behind it. 100 years strong and still pumping. 10% USD - USD has fighter jets, stealth bombers, rockets, loaded aircraft carriers, tanks and corrupt politicians behind it. It's a win. 5% Crypto - Because I like to gamble.
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