Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aminorex
on 22/05/2014, 19:48:56 UTC
Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?

I for one think investing in alts at this point risky.  There is a good chance we are in a bull run that will turn out to be a part of a bearish continuation. As alts lag, an investment in alts could turn south quickly. All the alts are still at historically high levels vs. where the were prior to the last bubble including LTC.

In general, I agree.  LTC for example, is, in my opinion, done.  DOGE is in inflationary hell and doomed.  Only feature coins which provide useful novel functionality have a snowball's chance at this point.  They all have a story, but almost all are stories about unicorns and rainbows.  Some very small number can turn those into pump and dump gold, but I prefer to avoid that space.  I think privacy is the biggest feature of all.

The space is watched very closely by punters who want to be in the next bitcoin, so in general, unless you get lucky or do a lot of work, it's not even worth looking past the first 15 in the coinmarketcap.com list, which you then filter for fundamental factors.  As usual, I will plug MRO as the exception:  It is newly listed on one minor exchange, so cap is still low.  When more exchanges get comfortable with the new technology, it will get listed on all the major alt exchanges, if they are self-interested rational actors.