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Author Topic: I Am Getting Out of Bitcoin  (Read 2693 times)
chipmadness (OP)
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January 04, 2015, 10:36:00 PM
 #1

I feel Bitcoin is taking a big hit and people are getting bored with it. Mining is not profitable what so ever, people keep selling out, it seems the Rise and Rise of Bitcoin is turning into the Fall and Fall of Bitcoin. I am getting completely out of Bitcoin and transitioning to something more promising for the future. Some alternatives that have caught my attention are: Ripple & Stellar.

Whats your guys opinion about Bitcoin? Are you guys getting out and transitioning also? What other currencies are you looking into?

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January 04, 2015, 10:43:13 PM
 #2

I feel Bitcoin is taking a big hit and people are getting bored with it. Mining is not profitable what so ever, people keep selling out, it seems the Rise and Rise of Bitcoin is turning into the Fall and Fall of Bitcoin. I am getting completely out of Bitcoin and transitioning to something more promising for the future. Some alternatives that have caught my attention are: Ripple & Stellar.

Worst.
Decision.
Ever.
smoothie
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January 04, 2015, 10:45:16 PM
 #3

Okay bye! See you at the moon!

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Sir Alpha_goy
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January 04, 2015, 10:45:33 PM
Last edit: December 12, 2015, 02:30:46 PM by Sir Alpha_goy
 #4

.

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January 04, 2015, 10:49:51 PM
 #5

Going to other crypto you not finishing woth btc but only moving to another same kind.....
sase007
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January 04, 2015, 10:51:35 PM
 #6

Okay bye! See you at the moon!



See you from the moon!
chipmadness (OP)
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January 04, 2015, 10:54:42 PM
 #7

I like to see the enthusiasm! Glad to see the firm believers in Bitcoin still

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January 04, 2015, 10:54:54 PM
 #8

I feel Bitcoin is taking a big hit and people are getting bored with it. Mining is not profitable what so ever, people keep selling out, it seems the Rise and Rise of Bitcoin is turning into the Fall and Fall of Bitcoin. I am getting completely out of Bitcoin and transitioning to something more promising for the future. Some alternatives that have caught my attention are: Ripple & Stellar.

Whats your guys opinion about Bitcoin? Are you guys getting out and transitioning also? What other currencies are you looking into?

I want you to take a look at the mkt cap of Ripple and stellar http://coinmarketcap.com/
What do they both have in common? they are both tanking with btc. If btc fails they all fail.
chipmadness (OP)
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January 04, 2015, 10:56:40 PM
 #9

We need a new digital currency that breaks apart from Bitcoin. Its kind of dumb to have everything depend on one thing.

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Sir Alpha_goy
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January 04, 2015, 11:10:12 PM
Last edit: December 12, 2015, 02:31:12 PM by Sir Alpha_goy
 #10

.

sase007
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January 04, 2015, 11:12:06 PM
 #11

We need a new digital currency that breaks apart from Bitcoin. Its kind of dumb to have everything depend on one thing.

A crypto platinum will emerge eventually.

But not yet.

Gold will always be gold.




Gold is same as bitcoin... its value is set by market
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January 04, 2015, 11:54:39 PM
 #12

We need a new digital currency that breaks apart from Bitcoin. Its kind of dumb to have everything depend on one thing.

It's called NXT. Check it out:
http://nxt.org/
http://nxter.org/
https://nxtforum.org/


I don't actually think this is the end of BTC by a long way, but I am very glad that I sold almost every BTC I held 2 weeks ago, leaving the bulk of my crypto portfolio as NXT and NXT assets.
NXT is holding it's dollar/euro value very well, compared to the rest of the crypto world, and offers a pretty good safe haven right now.
If/when BTC starts to pick up again, then I'll move back in to BTC, but right now I'm pretty much out.


Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
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January 05, 2015, 12:26:44 AM
 #13

I feel Bitcoin is taking a big hit and people are getting bored with it. Mining is not profitable what so ever, people keep selling out, it seems the Rise and Rise of Bitcoin is turning into the Fall and Fall of Bitcoin. I am getting completely out of Bitcoin and transitioning to something more promising for the future. Some alternatives that have caught my attention are: Ripple & Stellar.

Whats your guys opinion about Bitcoin? Are you guys getting out and transitioning also? What other currencies are you looking into?

never close your mind to anything. these are just market trends and are natural. if BTC goes down to 100+ or so, so be it, but i will not be surprised if it starts going back up from there.  so always be ready to get back in just in case.  

as for which project to invest in, i'd say avoid XRP and STR for now (tho i think both projects are good), as XRP is showing signs of falling with BTC, and STR could follow soon.  so be careful and just be in the sidelines and wait for a better opportunity. you wouldn't want to be trapped with paper losses.

i think a good project to place a bet on is NXT.  it's gradually breaking out and could be a start of an uptrend.  

edit:  and it wouldn't be a bad idea to hold some fiat.  you can hold bitstamp.USD in ripple for easy convert to BTC when it starts going up again.  imo nubits is also a good option for easy convert back to crypto.


R


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January 05, 2015, 12:52:58 AM
 #14

A little premature I think because their is so much Bitcoin development on the cusp of being released. Multiple killer aps in 2015!
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January 05, 2015, 01:18:43 AM
 #15

A little premature I think because their is so much Bitcoin development on the cusp of being released. Multiple killer aps in 2015!

BTC is not dead.  just trending down. that's very natural when something is traded in an open market.



R


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January 05, 2015, 01:21:34 AM
 #16

Wrong time to sell out..

Goodbye !! 

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January 05, 2015, 01:23:46 AM
 #17

Wrong time to sell out..

Goodbye !!  



don't worry.. a lot of people will be coming back when it starts trending back up and becomes profitable again.  right now, you can't really blame the people who want out as they are and will lose money in BTC right now. 

R


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e-coinomist
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January 05, 2015, 01:45:47 AM
 #18

I like to see the enthusiasm! Glad to see the firm believers in Bitcoin still
Tragedy, isn't it? Straight line down whole year, and people didn't get it.
Pump was over with MtGox.
FandangledGizmo
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January 05, 2015, 01:47:00 AM
 #19

We need a new digital currency that breaks apart from Bitcoin. Its kind of dumb to have everything depend on one thing.

It's here, they're launching 1.0 within a month & there's a chance this will topple Bitcoin, if it continues to be weak this year imo...

https://m.youtube.com/watch?v=fnunXnLdJdw&feature=youtu.be

Websites, launches etc. all being revamped atm. but it will all be pretty awesome soon.
Daedelus
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January 05, 2015, 01:47:18 AM
 #20

A little premature I think because their is so much Bitcoin development on the cusp of being released. Multiple killer aps in 2015!

I'm curious, which planned apps are you banking on?
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