@keithers
Most of recent ICOs weren't even coins, but tokens for services on top of ethereum's network. Some were partially, if not totally, independent of this or that network, they could function in any network with smart contracts -- e.g. sonm.
Some were decentralized exchanges, some were coins, like minexcoin. As far as I can tell, these were different propositions of coins, not merely copy-cats. The thing is that not even this guarantees there will be a future for them. We are in the middle of a "
Cambrian explosion" of crypto.
Alternatives to BTC have been around for a couple of years or more, but BTC is still what everybody knows and what all lay people buy. Network effect counts as much, if not much more, as the tech behind. BTC can implement modifications and still be number 1 in real trade volume and market cap.
Yes you are right about that. I have tried to be really selective on ones that I have put money into, but the mistake that I have made is not remaining diversified enough. I have been profitable in converting back into bitcoin at good times with most alt-coins, but still would have been much better off just holding each of them for the long term.
Ultimately I know that some of them aren't going to go anywhere, but it's nearly impossible to perfectly time the market without just being lucky.
I think with the major steam behind Tezos, I could see this one shooting up right out of the gates...its remains to be seen after that...