Bitcoin losing it's lustre?

**Kvasir** · 01-03-2018, 12:57 AM

The Criminal Underworld Is Dropping Bitcoin for Another Currency - Bloomberg

**Xtreme4Life** · 01-03-2018, 01:27 AM

100% of my crypto investment portfolio was in Bitcoin for the longest time, other than the free BCASH I got from the hard fork. I rode it out into Dec, but when I started looking into other coins I really started questioning what would give Bitcoin its staying power and continued growth......I ended up moving over 75% of my holdings into 14 other coins. It has turned out to be a great move. I'm up over 30% vs where I'd be at if I just stuck with Bitcoin.

I still like Bitcoin and think it has some potential left. Especially if/when the Lightning Network and other potential upgrades pan out....but until then there are other coins that are so much better at the moment. Coins that are not only much more useful as currency (much faster trans with minuscule fees) and for anonymity, but also have much more growth potential as an investment.

**jsnm** · 01-03-2018, 02:34 AM

Originally Posted by Xtreme4Life

100% of my crypto investment portfolio was in Bitcoin for the longest time, other than the free BCASH I got from the hard fork. I rode it out into Dec, but when I started looking into other coins I really started questioning what would give Bitcoin its staying power and continued growth......I ended up moving over 75% of my holdings into 14 other coins. It has turned out to be a great move. I'm up over 30% vs where I'd be at if I just stuck with Bitcoin.

I still like Bitcoin and think it has some potential left. Especially if/when the Lightning Network and other potential upgrades pan out....but until then there are other coins that are so much better at the moment. Coins that are not only much more useful as currency (much faster trans with minuscule fees) and for anonymity, but also have much more growth potential as an investment.

Hey bro how did you move your bitcoin into other currencies? I’m looking into litecoin me a few others.

Sent from my iPhone using Tapatalk

**Xtreme4Life** · 01-03-2018, 03:04 AM

Originally Posted by jsnm

Hey bro how did you move your bitcoin into other currencies? I’m looking into litecoin me a few others.

Sent from my iPhone using Tapatalk

I've been liking Binance for trading alt coins lately. They don't do cash withdrawals or deposits - you can only deposit/withdrawal in BTC. So you send your BTC from where you bought them like Coinbase or something to Binance. Then you use your BTC to by other coins.

**Danzig74** · 01-03-2018, 03:13 AM

Tnb and litecoin are the best right now imo. I moved all my bitcoins into tnb not long ago.

**babybull34** · 01-03-2018, 05:16 AM

The crypto-currencies are definitely making a lot of noise right now. Although BTC was first to market that does not always mean that it will be the segment leader in the future, so definitely a smart play divesting into other coins, X4L.

I am very interested to see how this will all pan out and to see how long it takes before governments start trying to enforce regulation, taxation, and monetary control process on the crypto-currencies.

**Blades22** · 01-03-2018, 10:26 AM

Buy american

**SuperJuiced** · 01-03-2018, 05:42 PM

Guys, where do you learn info about the crypto-currencies? Internet forums? Local folks with experience? Do I just follow what you guys are doing? What gives you guys the thoughts that the coins you purchased are gonna increase in value?? Bottom line is that I have a little money to "play" with and wanna dabble in a bit of day trading. No one in my area with personal experience that I can find and hard for me to trust others on internet for what to look at, what to buy, what to sell (this is actually only forum I look at and read because I do think most are trustworthy and a TRUE brotherhood thus the reason I am asking you guys). I have been watching and making fake trades on paper, but still would love to learn more from others with more experience before actually placing real money into trading floors.

Thanks in advance for any feedback! Sincerely appreciated!!

**Xtreme4Life** · 01-03-2018, 06:24 PM

It's really just experience over time for me. I originally got into Bitcoin because of the darknet. It was a necessity for that purpose. I then started accepting it on my retail websites a few years ago due to customer requests. I held onto most of my coins as kind of a gamble the panned out really well. I liked the idea of it back then but had know way of knowing if or how much it would grow how quickly.

Since Bitcoin really started turning into something last year I just started reading more. Reddit is a great source of info if you can read past the bias that comes naturally to any sub geared towards only one coin.

As far as other coins, I took a bunch of classes on technical trading a couple years ago when I wanted to get into trading stocks. My current method could be completely wrong and I'm just lucky, but here's the way I look at coins currently:

- Look for the movers. Analyze volume and candlestick charts. Identify which ones seem to have potential. I don't fuck with Initial Coin Offerings or anything that isn't at least a little established since I'm not day trading.

- Do searches on the ones with potential. Try to figure out why people are buying into them, and if the tech behind them really has potential or if it's just a pump and dump ICO.

- I keep the majority of my money in the "bigger" coins that are a more sure bet but growth is typically slower than the smaller coins. Bitcoin, Litecoin, Ether, and Ripple. I then spread out the rest among other coins that are smaller but still somewhat established, but have potential. These are more of a gamble, but also have a much higher potential upside. Usually 2-5% of my total holdings for crypto go into each of those.

- I then check the portfolio throughout each day, try to pay attention to chart trends and news stories. Dump the coins that don't seem to being doing that great for others with more potential when it seems the right time to do so.

IMO, most popular coins should have a decent year in 2018 just due to the amount of money being thrown at crypto in general. The top 20 or so coins are all relatively safe bets for at least a little growth, with at least a few of those that are all but guaranteed to really take off. Ripple, Stellar-Lumens, ADA-Cardono, TRON, and WABI are some smaller coins that have done really well for me lately.

Like I said before, I could be completely wrong in how I look at it and just gotten lucky, but that's what has worked out well for me so far. Good luck!

**Blades22** · 01-03-2018, 06:42 PM

It's a bubble be careful what you invest in, btc is extremely unstable. It's kool to use it for minor purchases but before investing you better do your homework