Topic: Alts you won't invest in (Read 1098 times)
There are thousands of altcoins made and you want a list of those that are not worthy to invest? Maybe you will burn out picking them? There only about 5 percent that are worth following and not all of them are worth investing.
Altcoins especially the new ones are still able to grow and develop so it would be unfair to assume that unpopular coins are a scam. I think we should give them a chance and opportunity to succeed. I'm not saying that we should invest with these coins but let's just allow them to pursue their goals by not mocking on them. There are still lots of potential coins these days.
In this case, I cannot give a definitive answer, because every token/project has the opportunity to develop into a much better one. But clearly I do not want to invest my money in projects that have poor and unplanned development. I see many projects that ignore development and break their promises after the sale of their tokens, I think something like this means the team that handles this project is not responsible and runs away from investors, it's really frustrating. I really don't expect to find a project like this again.
Never buy BTT, Tron, Stellar and other coins where the tokens are giving away with all kinds of airdrops. Why? Emission grows with no influx of investors.
That's probably a good idea not to buy coins like that for the reason you gave.I own some altcoins, not many, and my interest is exclusively in proof of stake coins. I have a hard time owning anything that doesn't pay at least some income on an investment, which is a mindset I acquired from years in the stock market. Bitcoin is an exception to that, but altcoins aren't. Therefore I wouldn't own any coins you can't earn rewards on. Navcoin, NEO, and a few others I love because of the ability to earn.
Aside from POS coins I wouldn't think of owning any altcoins that were ranked probably 50 or lower on coinmarketcap. Anything below that would seem to be purely speculative and ultimately unprofitable.
Good thread, op. Not many people talk about what they don't want to own.
Investment is indeed very difficult in terms of choosing the right time to buy, the altcoin we choose, and predicting the future, all of it must be really mastered in various matters about investing before we enter investing, to be honest I am still not interested in investing a lot once the fear that I face, maybe the next time I invest after the normal price returns.
This time it will be very difficult to invest altcoin and if not careful, you will encounter a lot of big problems. I think it is best to wait because we will still have more opportunities to make money in this market. In recent months the market has been constantly volatile and Bitcoin's value is still in a downtrend so investing in altcoins will only lost you more money. I personally will invest when everything is stable again because that is when the altcoin will start to recover. 
Investment is indeed very difficult in terms of choosing the right time to buy, the altcoin we choose, and predicting the future, all of it must be really mastered in various matters about investing before we enter investing, to be honest I am still not interested in investing a lot once the fear that I face, maybe the next time I invest after the normal price returns.
Personally I stay away from projects that have no real use case, that amounts for a lot of cryprocurrencies that are just crypto. They are not privacy focused, not based on any use nor guarantee any dividends. Then I look at the problem or services it seems to render, then the market capitalization. I really do not want to mention projects, rather help people weed out projects that may potentially die out.
Litecoin is one of them. The devs or users can lie and say LTC is just fine the way it is, when in reality it isn't. It only seems fine at the moment because it's hardly used compared to BTC, but how can it really grow when it faces the same exact problems as BTC does right now? Based on past performance, I expect the "Litecoin Foundation", to do absolutely nothing.
Litecoin like most other Altcoins have no real adoption, and after leaked chat between Franklyn and Charlie Lee about lack of development and no transparency there is no bright future for this currency. What's really sad is we've seen a coin can have a critical screw up, hard fork, and still become the number 2 coin (Ethereum). But let's just keep doing nothing for LTC. the only who think this is fine right now are those who already made bank either on LTC or some other coin, and don't really care where it goes.
Litecoin like most other Altcoins have no real adoption, and after leaked chat between Franklyn and Charlie Lee about lack of development and no transparency there is no bright future for this currency. What's really sad is we've seen a coin can have a critical screw up, hard fork, and still become the number 2 coin (Ethereum). But let's just keep doing nothing for LTC. the only who think this is fine right now are those who already made bank either on LTC or some other coin, and don't really care where it goes.
RIPPLE - with the 42 billion supply and seeing some unexplained transfer from their wallet to another or exchange.
Libra - We can tell now as they have some investors backing up out of the project. and i don't see a stablecoin from them in the future.
If i were the Facebook CEO, i will offer a much useful project and not a stable coin.
These two coins are centralized. With Libra, many of its partners are starting to wag their tails and drops the partnerships.Libra - We can tell now as they have some investors backing up out of the project. and i don't see a stablecoin from them in the future.
If i were the Facebook CEO, i will offer a much useful project and not a stable coin.
EBay, Stripe and Mastercard drop out of Facebook’s Libra Association
Facebook’s libra cryptocurrency coalition is falling apart as eBay, Visa, Mastercard and Stripe jump ship
RIPPLE - with the 42 billion supply and seeing some unexplained transfer from their wallet to another or exchange.
Libra - We can tell now as they have some investors backing up out of the project. and i don't see a stablecoin from them in the future.
If i were the Facebook CEO, i will offer a much useful project and not a stable coin.
Libra - We can tell now as they have some investors backing up out of the project. and i don't see a stablecoin from them in the future.
If i were the Facebook CEO, i will offer a much useful project and not a stable coin.
Generally, I limit my choices to the top 10 cryptocurrencies in the present but there are others that reflect no chance at all. BTC, ETH, and XRP are one of the few investments that I personally have which among are considered as my short-term investments.
Preferably, it is highly advisable to diversify your investments by increasing your portfolio through equally dividing your investments. Focusing into one coin alone may be risky especially that you concentrate the risk into one coin compared to dividing it through others.
Diversifying your investments by putting your money in different coins is just an illusion, most altcoins move in very similar ways and they do it at the same time and we have a name for that, an altcoin season, so there is no point in making your portfolio more difficult to manage than it should be, just pick bitcoin and an alt that you are willing to hold for the long term and that could give you all the diversification that you may need in this market. Preferably, it is highly advisable to diversify your investments by increasing your portfolio through equally dividing your investments. Focusing into one coin alone may be risky especially that you concentrate the risk into one coin compared to dividing it through others.
Libra and every coins from CMC top 50+. They are probably be dead in the future
You can't judge the 50+ rank coins on cmc are gonna be dead because some of them have real project and real product. It might become sucessful in the future
Most of the coin that you gave I don't have that so maybe that is not a potential coin. But maybe for the others that coins is potential.
Your right most of the thread now they want to know what coin is good to buy and good to see that they have thread that given an Idea what coin that we need to avoid to lose our money and choose other coins who are more potential.
Your right most of the thread now they want to know what coin is good to buy and good to see that they have thread that given an Idea what coin that we need to avoid to lose our money and choose other coins who are more potential.
Libra and every coins from CMC top 50+. They are probably be dead in the future
You cannot argue that coins above the top 50 will die in the future, they are competing to be the best in rank and public trust. I do not have the same opinion as you I think that, if you are an investor / trader you will be able to determine a good coin to buy even though the coin has a rating above 50
i invest in those coins which have limited supply and good trading volume and more visible in big ex changers and nt in huge supply and unknown ex changers
Libra and every coins from CMC top 50+. They are probably be dead in the future
I just came to tell that I double thoughts of Libra. Sort of principal.
Other alts - MOON, BCH, LTT maybe
Other alts - MOON, BCH, LTT maybe
New altcoins seem very unattractive to me at the moment, because the market is really unstable. As a result, only one percent of all existing projects brought profit to investors and this fact is disappointing. I am investing in BTC right now.
A lot of discussions on forum are all about "what coin should I buy? Why?"
Here's the opposite - I want to ask what alts you would never buy and why so.
My example:
Never buy BTT, Tron, Stellar and other coins where the tokens are giving away with all kinds of airdrops. Why? Emission grows with no influx of investors.
Doubting about Peercoin. Hybrid emission system doesn't seem reliable too, though lately PPC began spreading itself via well-known exchanges (changheangel or changelly - don't remember).
+ Libra. Not sure if any explanation needed.
Do not invest in altcoins that have low market capitalization and also have low 24hr volume in the market. If you bought this kind of altcoins, I'm sure that you will suffer loss. Here's the opposite - I want to ask what alts you would never buy and why so.
My example:
Never buy BTT, Tron, Stellar and other coins where the tokens are giving away with all kinds of airdrops. Why? Emission grows with no influx of investors.
Doubting about Peercoin. Hybrid emission system doesn't seem reliable too, though lately PPC began spreading itself via well-known exchanges (changheangel or changelly - don't remember).
+ Libra. Not sure if any explanation needed.
A lot of discussions on forum are all about "what coin should I buy? Why?"
Here's the opposite - I want to ask what alts you would never buy and why so.
My example:
Never buy BTT, Tron, Stellar and other coins where the tokens are giving away with all kinds of airdrops. Why? Emission grows with no influx of investors.
Doubting about Peercoin. Hybrid emission system doesn't seem reliable too, though lately PPC began spreading itself via well-known exchanges (changheangel or changelly - don't remember).
+ Libra. Not sure if any explanation needed.
Here's the opposite - I want to ask what alts you would never buy and why so.
My example:
Never buy BTT, Tron, Stellar and other coins where the tokens are giving away with all kinds of airdrops. Why? Emission grows with no influx of investors.
Doubting about Peercoin. Hybrid emission system doesn't seem reliable too, though lately PPC began spreading itself via well-known exchanges (changheangel or changelly - don't remember).
+ Libra. Not sure if any explanation needed.
You will need to provide specific details to why you are saying you will not invest in this altcoins. Statistics and facts are all that matters in the crypto space and market, this will help newbies understand why you think they shouldn't invest in the altcoins you have suggested...
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