Keep it for a few years! That's my plan!

Lots of place to buy ETH. See here : https://www.cryptocompare.com/coins/eth/markets/BTC

I only use polo and bittrex so I'm not familiar with the rest.

Is BitPay a good wallet? Any comment?

You can try cloud genesis mining....
A lot youtubers covered it and say its quite decent

This megabull market wont end well. Blood will be spilled.

BTC vs Alts.

One will eat the other.

Feels like an election. Whoever wins will be the president and the ruling party in crypto.

I'm actually mining just curious if others are in the same boat as me!

I still haven't seen my 0.8 BTC return from genesis,

At this rate It's better to stack ETH for Casper. The FD for crypto.

That's a solid 3~5% annual return if you stake full time on pools.

I've seen so many people saying something similar, that the gain in altcoins is automatically the decline of bitcoin.
But I don't necessarily see it that way.
I personally believe that both bitcoin and altcoins (well, some of them anyway......some altcoins are really just crap) have a role to play in our future.
Regardless of the fact that some altcoins might technically be able to do the things that bitcoin does, or vice versa, many people forget the single most important variable in the equation......the human factor.
With more than 7 billion people on the planet and increasing, there will undoubtedly be different sentiments, different perceptions, different preferences, etc. which will influence the paths of development and evolution of each cryptocurrency, with each serving its own purpose and niche.

No matter how good and reliable a Toyota is, there will always still be a market for BMW, Aston Martins, Tata and Chery.

I am insanely conservative with regards to things that I will work with. I have absolutely no idea how these things will go. My only hunches are that Ether and BTC have long term reliability.

In terms of implementing things, Stellar has a few nice features (just like ripple) but has probably been eclipsed by ethereum.

The nice thing about stellar is the ability to become a gateway for a new asset and allow others to trade your asset, however I feel that with Ethereum you can create ERC20 coins with a load more customisation if required.

How long it takes to deposit into Poloniex BTC from other exchange?

It has been 6 hours and I haven't seen my Poloniex's deposit

Fully agree. Alts will rise together with bitcoin. As there are so many alts competing for similar functions, it is natural that some alts will die off. The rest that distinguish themselves i.e ETH, will probably have meteoric rise same as BTC.

Thanks for your insight. I actually loaded up a bit of Stellar a few days ago. Looks like I will just hold whatever I have and concentrate more on ETH.

So far my experience is less than 1 hour. Mostly 10-15 minutes.

On other news, bloodbath! All my coins vs BTC are red except for Pink coin! Crazy pink coin!

This post has been edited by kmarc: May 2 2017, 06:53 AM

ah.... just checked from Blockchain and the transaction is still pending... so slow la...

This post has been edited by jack2: May 2 2017, 07:21 AM

That's why get Ripple! Lol! Jokes instant transfer right is their feature!

Ya that happens when BTC transaction increases. Tens of thousands on transactions will get stuck. BTC is only at 23B without mass adoption yet. Imagine in the future what happens when more and more people use BTC without resolving the scaling stalemate.

Good for me who's in altcoins. Just picked up some discounted coins this morning. Didn't have enough time to buy more!!!

So far, in my 2+ months in cryptos, every time BTC moves up, altcoins take a hit which is really a buying opportunity for altcoins. Unless BTC has great news, I think this trend will persist and I'm going to take advantage of it.

This post has been edited by kmarc: May 2 2017, 08:14 AM

What coins are you stacking if you don't mind sharing?

The role of alts is to provide image of what kind of world we gonna live with Bitcoin. Nothing more than BTC testnets. All of them are just ideas.

They wont survive, I cant even see how can they survive.

Many people keep saying that its a big world and competition is healthy. If an altcoin conceptually work the same as Bitcoin, then Bitcoin is able to do anything alts can do.
And thats the thing, it's a big misconception.

If cryptoworld is open for competition for brands, then alts holder/dev must be open for BTC new properties.

LTC/Dash micropayments -> BTC+Lightning
ETH smartcontract -> BTC+Rootstock
Zcash/Monero privacy -> BTC+MimbleWimble
More to come

Those BTC new properties dont require ICOs and other scamfunding. Just hold on BTC and get every single altcoin's power.

Car's manufacturers analogy is partially correct.
Bitcoin is the world e-money, every BTC you hold is a patent. If you try to copy it, its counterfeit. Be prepared for consequences.

If some people want competition, they can compete for functions on top of Bitcoin network, just like Facebook, Google, Netflix running on top of HTTP.

Human factor? The inception of alts is the human factor. Envy, greed, pride you name it. They dont like Bitcoin's blockchain, fine just create another one. Dont like ETC, fine HF to ETH. Now there are 1000+ of them, there will be even more. Good luck finding out where the money will go.

Altcoins will temporarily appreciate, usual pump and dump. But how can you lock profits when they freeze fiat withdrawal? Bitcoin. The longer you hold, the more BTC will eat altcoins gain.

Interesting. I'm not following BTC's progress but are you saying BTC can become BTC + LN + RS + MW all in one? That would be very good for BTC, assuming stalemates don't block progress.

In terms of fiat withdrawal, again I'm not familiar with the process but altcoins can also go the way of BTC, meaning selling altcoins for fiat in the future?

When I asked remitano yesterday whether they will bring in ETH, they actually said they don't know. Probably with better acceptance, exchanges might accept ETH/fiat (or another altcoin that functions as a currency) in the future.

I should probably start accumulating BTC soon but waiting for a dip first, assuming that happens.

This post has been edited by kmarc: May 2 2017, 09:39 AM

I have 40+ types of coins. Can't remember all but majority of my funds are in ETH, ripple, siacoin, NAV, clams, DCR and one or two more. ETH the most but I lost track of the percentage. Lol!

This post has been edited by kmarc: May 2 2017, 09:34 AM

You know, you're not wrong at all. Bitcoin is programmable money. It can be whatever the community wants it to be.

But just look at coin.dance, both big blocks and segwit is going nowhere. Nothing gets implemented.

While the no.2 coin gets conferences after conferences, did you know Tokyo is having an EEA meeting next week?

And do you know most Chinese BTC trade volumes actually came from Japan?

Now do you think they'll just wait and wait until Bitcoin does something? Or go for no. 2 coin instead?

Don't be like /u/yolotrades, he's just like you. Regarding the growing alts as sacrilege to the Bitcoin religion. I just found out that he's 100% all in on BTC and maxed out on GBTC. It's no wonder he's so obnoxious over at the eth subreddit.

I never said Bitcoin needs to die, just that Bitcoin needs to get its shit together, and soon.

Edit: here's another nugget of news


China's Blockchain Invasion

Wanxiang Blockchain Labs — Working with Ethereum, Wanxiang is the largest blockchain development backer in China. After purchasing 500,000 ETH tokens last year, it pledged $30 billion for the development of a smart city in Hangzhou. It offers open-source platforms for anyone to build upon, and launched an accelerator fund for developers, intending to put money into promising projects and integrate digital apps into China’s 21st-century cities.
At a recent fintech summit in Hangzhou, Dr. Xiao Feng, GM of Wanxiang Blockchain Labs, said, “The first generation of internet technology has brought great changes to society. In China great companies like Alibaba, Tencent and Ant Financial have emerged. The blockchain represents the second generation of the internet,” adding that big changes will come with artificial intelligence, encryption, decentralization, finance and the transfer of value.

This post has been edited by WooTz: May 2 2017, 11:29 AM

I don't fully agree with what you are saying, but then again, that's what this forum is for......a healthy gathering of differing views and ideas.

You vision of the future is one where bitcoin is the sole and only digital currency in existence, and that anything which the current altcoins can do now, bitcoin can also do.
That much is true, but think also that the reverse is true, anything that bitcoin can do, there will be an altcoin that can do it (and maybe do it better).
And your analogy to HTTP is flawed, because HTTP is an application protocol on which all other internet servers use. A more accurate analogy would be to say that HTTP is similar to blockchain technology. Just like how Google, Facebook, Netflix uses HTTP protocol, in the same manner bitcoin, ether, monero, etc. use blockchain technology.
And the very nature of bitcoin's design, which is decentralisation, means that nothing can be legally patented, i.e. there is no such thing as a "counterfeit". You can no more patent blockchain technology any more than Ford can patent the circular design of the car tyre.

The way I see it, bitcoin revolutionised the way we view currency, by bringing it into the digital world.
Again using my car analogy, it's just like in the beginning of the 20th century, when people were calling for faster horse carriages, Ford came out with the first commercially available automobile, and forever changed the way we travel.
But fast forward one hundred years to the present day, no matter how many functions and gadgets and improvements and innovations that Ford puts into their cars, they can never eliminate all the other car brands, even though a Ford can technically do everything that any other car can do.
And despite once being the world's largest and most advanced manufacturer during its hey-days, Ford is now the 5th largest, having lost to latecomers like Toyota and Hyundai.

I'm not saying that bitcoin is going to suffer the same fate......all I'm saying is that I am convinced of a future where we will have many different digital currencies, with various levels of adoption and their own niche.