Hardware support for altcoins are scarce. My advice to you is keep your BTC yourself, don't leave it on an exchange or online wallet as it is one of the most dangerous way to hold your BTC long term. The whole idea of BTC is to eliminate third party (i.e bank/financial institution) to hold your money for you. And if anything bad happens to the third party (insolvency/hacked), your BTC will be gone. There's no PIDM to help you reimburse your losses.

DASH has a much faster confirmation time (2-3 mins), and if you pay a higher fee you can use Instant Send for instant confirmation. They have a structured distribution to fund the ecosystem (45%-miners)(45%-masternodes)(10%-infrastructure). That's just an example, for me DASH is still highly undervalued based on their market cap.
http://bitcoinist.com/10-things-you-need-to-know-about-dash/
Despite the facts that are brought up here, I still don't hold much DASH. But there will be a time in the future where I'll exchange most of my BTC to other altcoin like DASH.

As for XMR, its more catered to those who value anonymity and privacy. BTC is only pseudonymous, not anonymous, which might be one of the main reason the price will soar much higher that it is now.

Yeah, bought Trezor hardware wallet but had to backorder. No news of delivery yet. Oh, so other crytocurrencies besides bitcoin is termed as "altcoins". Cool.

Unfortunately, all those altcoins that you guys recommend, e.g. Ethereum, Dash, monero has been going up for the past 2-3 months. I'm late as ever!!!

This post has been edited by kmarc: Mar 1 2017, 01:48 PM

Yea trezor has so many orders to fill. yeap they're refered to as altcoins.

there are still many other coins that will show the same pattern.

If they can finally resolve Bitcoin's scalability issue, that should help to remove the backlog in the mempool and substantially shorten the confirmation times.
However, at the moment, confirmation time for Bitcoin can actually be quite instant (within 3 minutes) if you pay a higher transaction fee as well. I remember paying well in excess of 140 satoshi/B and got a confirmation in less than 2 minutes, and this was just last month.
At this point, to be honest, I'll take SegWit, I'll take Unlimited, I'll take whatever the hell they offer, as long as they finally make up their damned minds and just go with one, otherwise the whole system is choked and that definitely is not helping.
I don't have any experience with DASH though, so I can't comment on its real world applications and security. Does it also use a similar engine as bitcoin, i.e. elliptic curve cryptography and hash algorithm?
The only altcoin I have is ETH, and that's because I am very positive that the smart contracts concept is really going to be a game-changer in real world application.

I'm not really into the technical aspects of it, but so does the average traders. I just follow the market trends, make my money and get out when it's not profitable anymore.
Who knows, ETH might snatch the number 1 spot in the future. But as for now BTC is still king.

Yes you're right, BTC will probably still reign supreme for the foreseeable future.
Even more so, if the ETF gets approved next week.
In my view, BTC and ETH complement each other in the real world, as they serve distinctly different needs.
I believe the next few years will continue to be very exciting in terms of blockchain technology adoption, both by the average Joe on the street, and also by large corporations worldwide.
Just several days ago, several large corporations formed the Ethereum Enterprise Alliance, dedicated to developing Ethereum and incorporating it into global business enterprises.
The members include JP Morgan, Microsoft, Intel, Accenture, BP, Credit Suisse, ING, etc. All big names, with big commitments, so I do believe the future is looking bright for Ethereum.

http://www.coindesk.com/big-corporates-uni...ereum-alliance/
http://www.zdnet.com/article/microsoft-int...chain-alliance/

Just bought some altcoins using bitcoins on Poloniex - ETH and FCT. Wanted to buy XMR but the website became very slow, can't even do anything. I don't have any strategy but I'm thinking I will just buy 100 of selected/recommended altcoins and keep in cold storage.....

This post has been edited by kmarc: Mar 1 2017, 05:29 PM

Congratulations on starting your exciting journey in cryptocurrency!
I won't comment on your decisions, but I'd still strongly recommend you to arm yourself with knowledge of the basics of cryptocurrency, its philosophy and concept, as well as the basic differences between the various altcoins.
I'm a strong believer in having an investment objective and educating oneself first, no matter what kind of investment vehicle.

Yes knowledge is power.

With that in mind, the upcoming KL Blockchain conference will provide that;

There will be international speakers talking about the blockchain industry updates, regulatory frameworks, etc.

http://bloktex.com/speakers/

see you all on 8/9 APRIL 2017.

http://bloktex.com/

Sold off some BTC yesterday late afternoon.
Set an automatic limit in the exchange, and left office to go for dinner.
Sale was confirmed right before the sudden run up around 9pm.
Absolutely kicking myself right now.


This post has been edited by wengherng: Mar 2 2017, 10:08 AM

Any insights on ethereum? Seems very undervalued and a strong contender to BTC.

Good advice that everybody should follow. However, I just don't have the time to go into the details. I used to be a safe investor, something like 80% low-risk instruments and 20% low-moderate risk (never did count the percentages actually). Now with crytocurrencies, I'm probably aiming, say, a maximum of up to 10% of the total so I guess I'm still safe

As I consider this a high risk high return investment, I'm going all the way, considering the fact that the potential for Bitcoins and altcoins to shoot to the moon. I'm not looking at 10, 20 or even 100% gain, mainly because this man-made craziness can give 4 to 5 digits gains in terms of percentages. Or another way I'm looking at this, If I consider this investment as x ringgit, I'm prepared to lose the 1x so that I can maybe get 10x. Gambling? Only time will tell.

Of course, that's just me. Those reading this please don't follow me or this man-made craziness. I still have my 90% investments that is probably very safe. Everybody should have their own strategy and should heed the advices given by our experienced investors here!

If you can afford not getting any profit or even losing some, why not go all the way!

Any possibility price going up??
Any new regulation impact on the coin?

I sold mine yesterday too.

Where did you sell it?

I wanna sell mine too

If bitcoin etf is no go then the price will go down

and hence the price increase as i'm writing now. Just closed my position at 0.01425 nice profit but unfortunately i didn't have much

The thing about this is that there are no insurance/protection against theft or hacks, no one will reimburse you if any funds are lost, unlike PIDM. So only put in what you're willing to lose for, because one day you might lose 100% of your funds and no one will be responsible but yourself.
So only put in what you're willing to lose for.

hah... which website is good to sell ya?

True. Security is a concern especially when there is no cold storage available.

Bitcoin surged past RM5,500......

One thing I find very convenient is that if I want to buy altcoins, I just buy bitcoin at whatever price, transfer to poloniex, then buy altcoins. With this method, it doesn't matter what the price of bitcoin is and I don't have to worry about the exchanges not accepting MYR. Of course, there is the premium that have to be paid when buying bitcoins in exchanges.....

This post has been edited by kmarc: Mar 2 2017, 09:44 PM