1. #1
    GradyFuson
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    Bitcoin surge providing altcoin opportunities?

    Looks to me like altcoins are all falling right now. I'm guessing because people want to sell for bitcoin while it is climbing.

    Makes me feel like it may be a good time to invest in some of them.

    Im interested if anyone has any constructive thoughts on:

    Waves
    Stratis
    NEO

    I've been paying them some attention over the last couple months and feels like they are due to go up.

    Also might purchase some more Ripple.

    I'm a gambling man... why not?

  2. #2
    MeanPeopleSuck
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    Quote Originally Posted by GradyFuson View Post
    Looks to me like altcoins are all falling right now. I'm guessing because people want to sell for bitcoin while it is climbing.

    Makes me feel like it may be a good time to invest in some of them.

    Im interested if anyone has any constructive thoughts on:

    Waves
    Stratis
    NEO

    I've been paying them some attention over the last couple months and feels like they are due to go up.

    Also might purchase some more Ripple.

    I'm a gambling man... why not?
    I like your attitude! I'll say this much: in the 'normal' crypto universe (basically, all of time until a couple days ago), when BTC spiked or crashed, the alts normally followed in the same direction, often moving even larger percentages up or down, starting on a slight delay.

    If that model holds, moving BTC to alts makes a ton of short term sense. But a reason to wonder if it will hold is that normally the alts wouldn't still be even/red vs USD 20 hours after bitcoin started a surge.

    Hell, I'm with ya -- I think it's probably a good bet; plus, I'm tired of doing nothing but selling today. I'm gonna go sniff some alts.

  3. #3
    MeanPeopleSuck
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    I went with XRP. It's down 8% vs USD while BTC's up 15%, so a pretty solid exchange.

  4. #4
    GradyFuson
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    I split 1 BTC Between all 4 of them and a tiny bit of OMG for fun. I think (hope) they have all just bottomed out for the short term.

    Good luck to us

  5. #5
    MeanPeopleSuck
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    Quote Originally Posted by GradyFuson View Post
    I split 1 BTC Between all 4 of them and a tiny bit of OMG for fun. I think (hope) they have all just bottomed out for the short term.

    Good luck to us
    Good call. The alts are having a good day today.

  6. #6
    Greenline
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    neo, bnb, wtc

  7. #7
    Greenline
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    add TRON

  8. #8
    MeanPeopleSuck
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    Quote Originally Posted by Greenline View Post
    neo, bnb, wtc
    Whoa, TRX, BNB and WTC? Those are some obscure ass alts. Why them?

  9. #9
    lotuspod
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    Gotta agree with waves, hopefully their deployment of smart contracts and their upgrade to NG goes well. 1k transactions per second will be very nice, especially considering how cheap transactions are on there.

  10. #10
    GradyFuson
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    Sorta feels like bitcoin has so much steam that investments in other coins are a waste of money in the last months... Not that my initial thoughts were wrong but I held on for a little too long, should have sold and been happy with a little profit.

    Definitely have made more money on bitcoin than any other coin, though I'm still keeping a diversified portfolio just in case.

  11. #11
    Bsims
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    I suppose this is a good place for a history lesson. Back in the late 50's computers were beginning to find their way into business and scientific use. This was facilitated by the development of higher level languages for programming. The two most prominent ones were COBOL and Fortran, one for business and the other for scientific applications. There were also different types of computers, again one for business and the other for scientific applications. By the early 60's IBM designed the System 360 computer family to span both communities. Along with it came a new operating system, OS/360. (I was fortunate to be able to work on its development.)

    They also decided to develop a new programming language and called it PL/I. It was a better technology, combining features of both COBOL and Fortran, so it could be used for both business and scientific applications.

    OS/360 fncluded a new job entry sub-system. But, the development of OS/360 fell woefully behind in some areas, including this one. So a couple of IBM software engineers in Houston wrote their own. They called it HASP (Houston Automatic Spooling Priority Program). It found widespread use. IBM decided HASP was a better approach (much to the chagrin of the guys in the next cubicle who were working on the original) and again wanted to overcome some technical shortcomings so they developed ASP.

    I subsequently joined a company who bought completely in to the IBM vision and chose to use PL/I and ASP. In hindsight, this was a mistake. By then, 90% of the world had been using the older stuff and decided to stick with it. We were always behind in the development cycle and had a hard time finding people trained in the software we used.

    So what does this have to do with bitcoins and alt-coins? I was reminded of this history when I decided to try to understand the underlying technology of the alt-coins. Yep, they are addressing some shortcomings of bitcoin. But the history I experienced taught me one thing. Sometimes being first beats being better. I suspect this will apply to bitcoins and alt-coins.

    I doubt that anyone here has the technical ability to pick the best long term technology. But it probably won't matter. We're primarily interested in this crypto-currency stuff as investments anyway. Long term these alt-coins will likely end up in the dust bin of history. Bitcoins will not.

    There is another old gambling saying that I like. "The race doesn't always go to the swift, nor the battle to the strong, but that's the way to bet."
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  12. #12
    RangeFinder
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    Tell you what

    Just make it easy and go shoot craps

    That's exactly what you are doing here

  13. #13
    Optional
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    Quote Originally Posted by Bsims View Post
    I suppose this is a good place for a history lesson. Back in the late 50's computers were beginning to find their way into business and scientific use. This was facilitated by the development of higher level languages for programming. The two most prominent ones were COBOL and Fortran, one for business and the other for scientific applications. There were also different types of computers, again one for business and the other for scientific applications. By the early 60's IBM designed the System 360 computer family to span both communities. Along with it came a new operating system, OS/360. (I was fortunate to be able to work on its development.)

    They also decided to develop a new programming language and called it PL/I. It was a better technology, combining features of both COBOL and Fortran, so it could be used for both business and scientific applications.

    OS/360 fncluded a new job entry sub-system. But, the development of OS/360 fell woefully behind in some areas, including this one. So a couple of IBM software engineers in Houston wrote their own. They called it HASP (Houston Automatic Spooling Priority Program). It found widespread use. IBM decided HASP was a better approach (much to the chagrin of the guys in the next cubicle who were working on the original) and again wanted to overcome some technical shortcomings so they developed ASP.

    I subsequently joined a company who bought completely in to the IBM vision and chose to use PL/I and ASP. In hindsight, this was a mistake. By then, 90% of the world had been using the older stuff and decided to stick with it. We were always behind in the development cycle and had a hard time finding people trained in the software we used.

    So what does this have to do with bitcoins and alt-coins? I was reminded of this history when I decided to try to understand the underlying technology of the alt-coins. Yep, they are addressing some shortcomings of bitcoin. But the history I experienced taught me one thing. Sometimes being first beats being better. I suspect this will apply to bitcoins and alt-coins.

    I doubt that anyone here has the technical ability to pick the best long term technology. But it probably won't matter. We're primarily interested in this crypto-currency stuff as investments anyway. Long term these alt-coins will likely end up in the dust bin of history. Bitcoins will not.

    There is another old gambling saying that I like. "The race doesn't always go to the swift, nor the battle to the strong, but that's the way to bet."
    There are a lot of cases where first has not won.

    AltaVista v Google
    Myspace v Facebook
    Lyft v Uber

    Bitcoin Core seems to have been almost begging to become the original but irrelevant long term player for a long time to me.

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  14. #14
    MeanPeopleSuck
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    Quote Originally Posted by Bsims View Post
    I suppose this is a good place for a history lesson. Back in the late 50's computers were beginning to find their way into business and scientific use. This was facilitated by the development of higher level languages for programming. The two most prominent ones were COBOL and Fortran, one for business and the other for scientific applications. There were also different types of computers, again one for business and the other for scientific applications. By the early 60's IBM designed the System 360 computer family to span both communities. Along with it came a new operating system, OS/360. (I was fortunate to be able to work on its development.)

    They also decided to develop a new programming language and called it PL/I. It was a better technology, combining features of both COBOL and Fortran, so it could be used for both business and scientific applications.

    OS/360 fncluded a new job entry sub-system. But, the development of OS/360 fell woefully behind in some areas, including this one. So a couple of IBM software engineers in Houston wrote their own. They called it HASP (Houston Automatic Spooling Priority Program). It found widespread use. IBM decided HASP was a better approach (much to the chagrin of the guys in the next cubicle who were working on the original) and again wanted to overcome some technical shortcomings so they developed ASP.

    I subsequently joined a company who bought completely in to the IBM vision and chose to use PL/I and ASP. In hindsight, this was a mistake. By then, 90% of the world had been using the older stuff and decided to stick with it. We were always behind in the development cycle and had a hard time finding people trained in the software we used.

    So what does this have to do with bitcoins and alt-coins? I was reminded of this history when I decided to try to understand the underlying technology of the alt-coins. Yep, they are addressing some shortcomings of bitcoin. But the history I experienced taught me one thing. Sometimes being first beats being better. I suspect this will apply to bitcoins and alt-coins.

    I doubt that anyone here has the technical ability to pick the best long term technology. But it probably won't matter. We're primarily interested in this crypto-currency stuff as investments anyway. Long term these alt-coins will likely end up in the dust bin of history. Bitcoins will not.

    There is another old gambling saying that I like. "The race doesn't always go to the swift, nor the battle to the strong, but that's the way to bet."
    Good to see ya again, BSims!


    Great post; very cool history. Have you ever seen a show called "Halt and Catch Fire"? It takes place a tiny bit later, in the 80's, but it focuses on those great stories around computer development in the early days and I bet you'd like it.

    IMDB: http://www.imdb.com/title/tt2543312/?ref_=nv_sr_1

    Not IMDB: https://thepiratebay.org/search/halt...h%20fire/0/5/0

  15. #15
    Lenny Zefflin
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    Quote Originally Posted by RangeFinder View Post
    Tell you what

    Just make it easy and go shoot craps

    That's exactly what you are doing here
    Craps is a negative expectation game. Alt coins as a whole is positive expectation at the moment.

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