Interesting post, thanks, and I have followed.
I am also studying cryptocurrencies in detail right now, and it is a bit overwhelming. it just seems to be such a vast playing field with very few rules and there is almost no obvious factors in understanding the frequent and dramatic movements in prices...
I have basically chosen stronger currencies such as BTC, LTC and ETH to invest in for the long term, and then look at trading the swings in many smaller currencies with, pretty much no knowledge of their underlying technology, such as GRS, VTC and RDD... the swings are pretty routine though, so as long as not too much capital is risked it is a pretty easy way of making a bit of extra money...
I am not sure how much longer this can continue however, before a few key and actually useful currencies rise to the top, with most of the others falling away, and the whole scenario becomes a lot more like actual currencies, more stable and predictable and better understood.... very interesting topic right now though, and not one that should be ignored.
I genuinely think that people who are not aware of cryptocurrencies or interested in them at all will fall behind as they are here to stay and a certain part of the global financial scene.
thanks @lifeoptimisation, agree with that. So many coins often make us confuse and difficult to choose which one is the best that potentially raise in the future. That's why we need to do a deep research before we invest. For me, one of the most important thing to be checked before invest to a coin is : who is the men behind the platform & how are their track record. Once I am confidence with their profiles then I will invest.
I agree entirely. I have now got a portfolio of good coins with good technology behind them. I started with a trading mentality, trying to play the swings, but it doesn't work, as, like stocks, no one knows the swings, so you always miss out. I am in for the long term now, buckle up!
good for you :)