Post
Topic
Board Speculation
Re: I have access to 33,500NZD (what cryptocurrency should I buy)
by
stylin
on 29/03/2014, 02:04:59 UTC
Some real truth here, not like the shills promoting their coin in this forum. I have a little bit of each of these but I would strongly recommend being very very conservative with your altcoin bets. I don't allow alt-coins to exceed 12% of my total position.

LTC, NMC, and PPC - these are first generation alts and have been around for a while. Of these I like NMC the most, I could really see it exploding in five years or so. People these days don't understand Namecoin... its simplicity is its strength. There's a reason why Atlas (wall st.-backed exchange) is implementing support for only Litecoin and Namecoin (outside of Bitcoin).

VTC - adaptive-N scrypt seems like a good longterm bet.

DOGE - for its community which will probably never stop using it. It's got a black market backing its value as well (dogeroad)

NXT - the first PoS coin, lots of development

NEM - seems like a lot of thought going into this coin

HUC - a solid human-mineable coin.

Currently I am looking to buy in cheap for AUR (maybe a couple months after this airdrop plays out), DRK (good dev, lots of real innovation, low inflation), HIC (X11 algo seems like a smart bet, this is more of a short term play as the market cap for this coin is still small so the upside could be huge).


Remember, any and all of these alts could go to 1 satoshi. When you invest and hold an alt, you need to be prepared to lose it all.