Alternatives to bitcoin

A

Armogan

 
Banned
Even if you ignore the pump and dump sentence that I wrote I just don't see fundamental value. I don't invest in things I don't believe have fundamental value.

BTC has network effect, pioneer, store of value
ETH has dApps, development team, fast transactions
Various other coins have privacy features that make them attractive

Just so I understand your perspective: you wouldn't categorize ETC as a pump and dump, but you would for ETH?
 
JayJuanGee

JayJuanGee

Crow
Gold Member
Armogan said:
Even if you ignore the pump and dump sentence that I wrote I just don't see fundamental value. I don't invest in things I don't believe have fundamental value.

BTC has network effect, pioneer, store of value
ETH has dApps, development team, fast transactions
Various other coins have privacy features that make them attractive

Just so I understand your perspective: you wouldn't categorize ETC as a pump and dump, but you would for ETH?
Click to expand...

I doubt that you are going to understand my perspective, but I will let you know that you are correct that I characterize ETH as a pump and dump, and I do not characterize ETC as a pump and dump. The reasons for me is mostly based on marketing and quasi-centralization differences between the two, rather than other fundamentals that you are suggesting to be important.

And, it seems to be largely an irrelevant topic regarding whether I consider one coin or another to be a pump and dump because guys (including you) can come to their own conclusions and based on factors that they consider to be relevant and based on what they know or believe.
 
Skank_Hunt

Skank_Hunt

Kingfisher
Gold Member
Aren't the same things possible on ETC as on ETH? Since ETC is the original ETH?

JJG why do you not consider ETC a pump and dump?

I would be looking to get into it at this point. It is the original ETH after all but the devs migrating to new ETH doesn't sound too good.
 
JayJuanGee

JayJuanGee

Crow
Gold Member
Skank_Hunt said:
Aren't the same things possible on ETC as on ETH? Since ETC is the original ETH?
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Technically you are correct that ETC is the original ETH - but marketing does not rely upon reality. ETH has the marketing and it has the ETH foundation backing it, including Vitalik.



Skank_Hunt said:
JJG why do you not consider ETC a pump and dump?
Click to expand...

My analysis is not deep, and it just has to do with ETC trying to maintain itself more like bitcoin in terms of no centralization and no meaningful efforts at marketing.

Skank_Hunt said:
I would be looking to get into it at this point. It is the original ETH after all but the devs migrating to new ETH doesn't sound too good.
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I don't know if they are migrating in any kind of meaningful way because ETC never really had too many devs - so maybe they have even fewer? I don't know and I don't really follow these kinds of details too much - except what I randomly might come across, including your assertion here that devs are leaving ETC.. It makes some sense, but go figure?

At this time, I am not inclined to put or maintain a lot of money into any crypto, apart from BTC. And, maybe that is just me?
 
JayJuanGee

JayJuanGee

Crow
Gold Member
PharaohRa said:
Bringing this over from the Bitcoin discussion topic, I think that Ethereum is the alternative go to alt-coin
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Hahahhahaha

Thanks for bringing it over. Maybe you should flesh out what you mean?


I know that you had several ethereum related discussions in the bitcoin thread, starting at this post:

https://www.rooshvforum.com/thread-21537-post-1555764.html#pid1555764

and from that, maybe you are saying that ethereum is going to be like a bitcoin 2.0? Is that what you are saying? or something else?

Also, when you suggest that ethereum is the main alt are you going to talk about both upside and downside potential or do you only consider upside potential of each?
 
Skank_Hunt

Skank_Hunt

Kingfisher
Gold Member
Oh and what do you know... ETC goes from $2 to $4+

I was seriously considering buying it ... but didn't.

Before DOGE went up I was seriously considering buying it ... but didn't.

And when LTC and DOGE went up around the same time, I thought they would be crashing down, just another quick pump and dump. DOGE is holding quite firm, and LTC... is up to nearly 16 bucks?!

Perhaps more money is going into alts than would have gone into BTC because of the uncertainty around BTC at the moment. BTC is showing strength by holding at these high levels, but it's not making 100%, 200% gains like ETC or LTC. I think the whole BU thing would have to be solved before serious new money comes in for that.
 
JayJuanGee

JayJuanGee

Crow
Gold Member
Skank_Hunt said:
Perhaps more money is going into alts than would have gone into BTC because of the uncertainty around BTC at the moment. BTC is showing strength by holding at these high levels, but it's not making 100%, 200% gains like ETC or LTC. I think the whole BU thing would have to be solved before serious new money comes in for that.
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The whole premise of your point seems to play into some kind of seeming misimpression of the crypto space and bitcoin's role in it.

And, really you are framing issues in the same way that mainstream media wants to frame it, alt coin pumpers want to frame it and bitcoin naysayers want to frame it.


Sure, I will agree that we are in a bit of uncharted territory, and there seems to be growth in a lot of the crypto space - however, your point about bitcoin showing a lot of strength should not be minimized, downplayed or diluted.

I will also agree that there is a lot more pump potential with some cryptos that have a small market cap - yet we need to consider matters in terms of both upside potential and downside potential and even stability potential.

Like you said.. it remains difficult to figure out which alt is going to give you a quick 2x or more... but to me, it seems a bit erroneous to consider some of this as a zero sum game - or that some of the investment into alts is really taking away from bitcoin (even though some of that may also be going on, but not to the same level as you seem to be suggesting).
 
JayJuanGee

JayJuanGee

Crow
Gold Member
Regarding my own ETC holdings:

I was having a dilemma regarding whether to post here or to post in the ETH thread?

But since I already posted here, I thought this is a good place to follow up..

Soon after the ETH/ETC fork (about July/August), I bought ETC for ideological reasons at around an average of $1.50-ish, and also because I thought that it was undervalued in comparison to ETH.. for example many times running at 1/10th the price of ETC.... so I thought that ETC/ETH parity could be possible but also that ETC could become 1/2 of ETH - whether that would be caused by ETC going up or ETH coming down, I did not really have any kind of clue. I actually thought that it was more likely that ETH would come down.. so as time passed I considered more and more that my ETC was a shit investment because the scenario was not playing in the direction that I anticipated.

Well, in the end, it worked out, and today, the remainder of my ETC sell orders filled at around $17. nearly doubled my BTC that I had put into it - but yeah, part of the difficulty is that BTC had done about a 3x during that time period, too. The math likely does not work out in any kind of exact way because I engaged in incremental buying and incremental selling.. so my buys were largely staggered between $2 and $.80 and my sells were staggered between about $4 and $17.. and a couple of days ago, I was considering cashing out and giving up on my ETC (still would have been profitable - but much better that my orders filled and sticking with the original plan)
 
W

white22

Sparrow
Only ETH and a handful of alt coins aren't dropping today. How many are looking to get into some alt coins on this dip? Doing my research and thinking of picking 5-10 long shots to put $50 to $100 each on and holding. Any missing from this list I should be looking into or in your opinion I shouldn't waste my time? Am I looking too "mainstream" for my long shots?

BAT
GNT
DASH
STRAT
STEEM
SC
FLO
LSK
GNO
FCT
NLG
BRK

Also, what's everyone's opinion on Taas? Is there something better to get into that would be like a S&P 500 mutual fund of cryptos??
 
W

white22

Sparrow
BitShares is on my list, but left it off the list above. I've seen a ton of random posts that it's junk. Definitely need to read up more on it. Augur was another one.
 
LouEvilSlugger

LouEvilSlugger

Woodpecker
white22 said:
Only ETH and a handful of alt coins aren't dropping today. How many are looking to get into some alt coins on this dip? Doing my research and thinking of picking 5-10 long shots to put $50 to $100 each on and holding. Any missing from this list I should be looking into or in your opinion I shouldn't waste my time? Am I looking too "mainstream" for my long shots?

BAT
GNT
DASH
STRAT
STEEM
SC
FLO
LSK
GNO
FCT
NLG
BRK

Also, what's everyone's opinion on Taas? Is there something better to get into that would be like a S&P 500 mutual fund of cryptos??
Click to expand...

Decent list. Add BNCR and UBQ.
 
CleanSlate

CleanSlate

Hummingbird
Gold Member
LouEvilSlugger said:
white22 said:
Only ETH and a handful of alt coins aren't dropping today. How many are looking to get into some alt coins on this dip? Doing my research and thinking of picking 5-10 long shots to put $50 to $100 each on and holding. Any missing from this list I should be looking into or in your opinion I shouldn't waste my time? Am I looking too "mainstream" for my long shots?

BAT
GNT
DASH
STRAT
STEEM
SC
FLO
LSK
GNO
FCT
NLG
BRK

Also, what's everyone's opinion on Taas? Is there something better to get into that would be like a S&P 500 mutual fund of cryptos??
Click to expand...

Decent list. Add BNCR and UBQ.
Click to expand...

If you could narrow it down to 4 or 5 best ones, which ones would you choose?

I'm favoring STRAT, GNT and FCT. Maybe Storj.
 
W

white22

Sparrow
Anyone have any input on whether I should wait til after the August 1st shitshow that may or may not happen to invest in my chosen long shots/penny stocks (coins) or just go ahead and pull the trigger now?
 
D

deneuk

Sparrow
renotime said:
Has anyone looked into Viacoin? Their segwit is supposed to be up in a few days. Their road map looks promising.

https://viacoin.org/roadmap/
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I bought a couple Viacoin today @ 0.0007545.

Bought AntShares at 0.0038, missed the big hype boat but lets see what comes out of the conference, might lose a little but, if conference is good gain a lot.
 
Bill Brasky

Bill Brasky

Kingfisher
Gold Member
Below is a decent blog that gives some good descriptions of Bitcoin as well as the other alts. I've made a rule of investing in something only if I have read the whitepaper, at a minimum and I suggest the same for anyone else. However, you can read this blog to get a superficial, layperson's insight as to what these various projects are all about. It's good for a starting point.

https://dontpanicsell.com/
 
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