Well, obviously, they stand for everything cryptocurrency and the block chain aim to eliminate. But the money is there and thats why we're here.
No, beyond that, the money really isn’t there; 60+% is in Ripple’s pockets = price control/manipulation.
I mean, I made decent money off xlm last night. Seems like it is there. I dont care what ripple is or its ultimate goal, i care that it has a chance to explode before the end of the month.
What are you guys reading or getting advice for these alt currencies? It sounds like you can't go wrong if you put $100 on each of these: CVC IOTA OMG STRAT XRP XLM
What do people think about eth long term? I’ve been sitting on some since it was like 275 and now it’s like 343 and wondering if I should just get out or if it has the potential to rise. It was pretty stagnant for a while
I would also like to know if this the general consensus. I know nothing about this but do remember when my friends talked me out of buying into Bitcoin three years ago and how dumb I feel now. I'd like to try to remedy that mistake by buying in now.
The Ethereum crowd will tell you to hold, there is alot coming soon that will supposedly effect the price positively I'm a ETH skeptic but do own some
Bitfinex is closing completely for US customers by November 9th Long-term I like WTC, VTC, ETP, NEO, OMG. Not all of them are intended to be currencies. Blockchains have a lot of different uses.
Ok. And I promise this isn't me being a dick, but has anyone used them for their intended purpose? Or is everyone just speculating.
whenever you can invest in a company who has burned through $10 billion + in cash and never turned a profit you have to do it.
99.9 speculation on real technology. It’s 100% analogous to the dot com “era”. Will have a similar bubble, but the next Amazon, Google, will come out of this. Then I expect the technology, market space, will evolve similarly once everyone figures how to utilize the tech, become more efficient, less speculative, and there’ll be other good investment opportunities. That’s my belief at least.
A lot of these alts are still in development and purely speculative at this point. For example, the one I'm most interested is WaltonChain. In this project the blockchain is tied to RFID tags used for supply chain management. Their idea is Value Internet of Things...essentially using RFID tags and a blockchain to have a decentralized database of things that anyone can access. Their primary focus right now is with garment companies in China but they have other partnerships as well. In this situation, anyone buying the token would be doing it to use the solution. Instead of mining on a proof of work blockchain, it is a hybrid proof of work/proof of stake has where you have to have coins staked to become a masternode on the network and then you can verify transactions (akin to mining BTC). Each company using it would then have a child chain off the main chain for tracking their products via RFID. But this project is still in development so people buying tokens now are just buying speculatively. As far as answering more specific questions about particular alts, there's a lot of them so DYOR
I think it makes the most sense as a long term investment, but obviously a volatile one comparatively.
The biggest part to me is it will allow people to instantly convert any type of currency to any other currency. Would be big for asians, and europeans the way the euro is looking. Also it could totally get kill off all exchanges and may be by far the most secure way to handle finances. Speculation, of course, but it could be a game changer in a lot of ways.
Think you can do binance for all 3. Dont think iota is on bittrex but bittrex has about 20x as many coins. I use binance for iota and wtc, bittrex for everything else.
No XRP on Binance. If you're on twitter give @cryptomillion21 a follow. One of the best to follow re: the alt market
Bitfinex will no longer be serving US customers. If you're using bitfinex, you should move your shit to another exchange.
I have my omg on Bittrex and eth and btc on Coinbase with 2FA on both. My backup phrases are in an encrypted file on my google drive. Figure I’m probably good
Saw this on reddit/twitter, not completely up to date, but good overview. I think it’s a good visual to use when assessing an investment strategy. There are certain categories/industries I think are closer to utilization, will sustain real businesses/create real profits (Fintech, privacy). Others I’m completely ignoring (value exchange).
Starting out should I stick with the bigger cryptos such as bitcoin and ethereum or just go head first into alts?
Bitcoin is like a mutual fund, set it and forget it. Alts are the pink sheets, day trading/long term speculation. So decide how involved you want to be.