Don't Trust the Alt Coins - Unregulated Scams

[btald1331]

Just a reminder that a successful marketing campaign with hype, does not make a good investment. Anybody with limited technical skills can create a currency. 

https://themerkle.com/altcoins-dying-make-one-hour/

[CryptoManiac]

6 minutes ago, btald1331 said:

Just a reminder that a successful marketing campaign with hype, does not make a good investment. Anybody with limited technical skills can create a currency. 

https://themerkle.com/altcoins-dying-make-one-hour/

Good rule is to look at the top 15-20 currencies for investment just to be on a safer side.

[mike91]

20 minutes ago, CryptoManiac said:

Good rule is to look at the top 15-20 currencies for investment just to be on a safer side.

That, or be very proactive and research every (new) coin yourself regarding the whitepaper / distribution / technique / target usecase. In that case you can be before the masses. But also expect that some coins in the top 15 might go very low within a few years.

Generally, in my opinion: pick a coin with a realistic usecase that has a good chance to be used in the future, and with a healthy and motivated team behind. There are several with interesting usecases

The article mentioned in this topic is pretty old (january 2015), but as a reminder I agree that not all coins will survive and it's quite easy to make a new one.

The article mentions this image:
http://themerkle.com/wp-content/uploads/2015/01/altcoincomparison.png

Some of them are already gone (and some are not)

Edited June 12, 2017 by edwin90