You should definitely diversify your portfolio of coins, because you cant know wich coin will establish in some years and wich will die out.
Be careful with ICO's. That are start ups, and statistically 99% of the start ups dont succeed in the long run. (and some ICO's might be scams)
Here a good video: https://www.youtube.com/watch?v=ndER2Ok_js8
Most coins rise faster in value but also sink faster in value than BTC, because the price is set in BTC. So if BTC price drops, the price of most coins drop even harder.
Topic: too many coins how to decide which to buy? - page 4. (Read 2330 times)
Hey guys
I am new on the forum and i have never bought any coins before, but i have been reading lately alot about it in details so i am just looking for ideas and thought process how you decide which coins to buy and how you filter through all this information about hundreds of coins.
How do you guys judge which coins are scamcoins? For example i have read threads on forum about Dash being a pure scam, but somewhere else you can find threads that Dash is the future of cryptocurrencies and you can see it getting accepted and price rising? Do you pay attention to threads calling some coin a scam or just ignore it as somebody crying because they lost money?
This last jump high for BTC was because higher demand in China and Japan from rumors that they will be recognized as legitemate payment option but if this happens they will be regulated and monitored so they will no longer be anonymous what was the original idea behind the creation of BTC. So in long run won't accepting and regulating BTC just ruin it becase it will destroy the only reason it got so big in the first place?
And where do you see the future of crypto? As i have been reading i notice that the most dominant trend is decentralization?
I mean projects like Sia and Storj offering decentralized encrypted file storage in the future maybe competiton to Dropbox and Amazon. So if just one of them pulls it off their coins could skyrocket hundreds of times or am i completley mistaken about this?
More projects building on decentralization the internet like Maidsafe and decentralized super computers like Golem and iEx also offer their coins so how would you decide which ones to buy or would you just buy smaller portions of all of them? Anyways if only one of delivers on their ides all the money from other decentralized projects would just jump over to the working one pushing the wining coin even higher?
Regarding Safenetwork from Maidsafe are they offering the holy grail of everything all other coins are offering? If they manage to deliver on decentralized internet, filestorage, dapps woldnt this just kill the need for all other coins?
I aslo see alot of coins like Zcash, Verge, Zerocoin, Cloakcoin and Monero claiming to be far better version then Bitcoin offering much stronger security and privacy. Monero is allready skyrocketing and i think Zcash claimed their security is mathematically unbreakable. So i am wondering will this new coins that are more secure and scalable just push Bitcoin out of the way or will Bitcoin hold on as it has till now?
What are your thoughts about projects like Etherum and Stratis, and so called social coins like Steem and Reddcoin?
And last its not crypto currency but what do you guys think of Ripple? I have rad alot about Ripple and i saw that some banks have pulled out of it and the R3, chossing to develope their own projects or going with Ledger from IBM in which small guys cant invest atleast not that i know of. But i also read alot of banks accepting Ripple and already making succsesful cross border payments? If ripple delivers on their plans this should push the price of XRP hundreds of times??
i am sorry for such a long post but any reply is much appreciated.
Thanks
I am new on the forum and i have never bought any coins before, but i have been reading lately alot about it in details so i am just looking for ideas and thought process how you decide which coins to buy and how you filter through all this information about hundreds of coins.
How do you guys judge which coins are scamcoins? For example i have read threads on forum about Dash being a pure scam, but somewhere else you can find threads that Dash is the future of cryptocurrencies and you can see it getting accepted and price rising? Do you pay attention to threads calling some coin a scam or just ignore it as somebody crying because they lost money?
This last jump high for BTC was because higher demand in China and Japan from rumors that they will be recognized as legitemate payment option but if this happens they will be regulated and monitored so they will no longer be anonymous what was the original idea behind the creation of BTC. So in long run won't accepting and regulating BTC just ruin it becase it will destroy the only reason it got so big in the first place?
And where do you see the future of crypto? As i have been reading i notice that the most dominant trend is decentralization?
I mean projects like Sia and Storj offering decentralized encrypted file storage in the future maybe competiton to Dropbox and Amazon. So if just one of them pulls it off their coins could skyrocket hundreds of times or am i completley mistaken about this?
More projects building on decentralization the internet like Maidsafe and decentralized super computers like Golem and iEx also offer their coins so how would you decide which ones to buy or would you just buy smaller portions of all of them? Anyways if only one of delivers on their ides all the money from other decentralized projects would just jump over to the working one pushing the wining coin even higher?
Regarding Safenetwork from Maidsafe are they offering the holy grail of everything all other coins are offering? If they manage to deliver on decentralized internet, filestorage, dapps woldnt this just kill the need for all other coins?
I aslo see alot of coins like Zcash, Verge, Zerocoin, Cloakcoin and Monero claiming to be far better version then Bitcoin offering much stronger security and privacy. Monero is allready skyrocketing and i think Zcash claimed their security is mathematically unbreakable. So i am wondering will this new coins that are more secure and scalable just push Bitcoin out of the way or will Bitcoin hold on as it has till now?
What are your thoughts about projects like Etherum and Stratis, and so called social coins like Steem and Reddcoin?
And last its not crypto currency but what do you guys think of Ripple? I have rad alot about Ripple and i saw that some banks have pulled out of it and the R3, chossing to develope their own projects or going with Ledger from IBM in which small guys cant invest atleast not that i know of. But i also read alot of banks accepting Ripple and already making succsesful cross border payments? If ripple delivers on their plans this should push the price of XRP hundreds of times??
i am sorry for such a long post but any reply is much appreciated.
Thanks
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