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There are hundreds of coins some copied from bitcoin and slightly changed like litecoin. The press has tricked you into believing every coin aside from a few p
by ipaddr 3y ago
There are hundreds of coins some copied from bitcoin and slightly changed like litecoin.
The press has tricked you into believing every coin aside from a few popular ones are scams. Dig deeper.
- vkou 3y agoAh, the classic 'do your own research.' If I dig deeper, and determine that <some shit coin> is a scam, well, I am just looking at the wrong one. If I dig deeper, and decide that it's not, and then get burned later, I should have done more due diligence. 'Digging deeper' in a minefield is, generally speaking, not great advice.
- ipaddr 3y agoInstead of holding forever you could sell earlier. Buying coins with the intent on it going up to make money can be done with 'good' or 'shit' coins. If you have ever purchased penny stocks it's similiar in terms of risk/reward. Buying coins with a larger capitalization reduces risk/rewards. If you believe everything is a 'shitcoin' and you want to hold them forever then on your death bed you can look at the value and determine if it really was a shitcoin or if the media made me think everything was a shitcoin.