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RE: How to pick a coin - Newcomer Strategy for discovering new potential coins.
There are better ways.And that is to find coin before it's listed anywhere.One example:https://bitcointalk.org/index.php?topic=1857875.0
I mined few millions of this coins,if they get to exchange,and i sell them for only few satoshi,ill make nice profit.New coins are easy to mine,and if you are very lucky,maybe you can profit big.
All alt coins start their life on Bitcointalk.org forum,and that's the place if you want to be among first to find out something about new projects. :)
Thank you for adding this - I was considering adding very ground level coins and it's viable if you get lucky like you said. I felt like it was out of scope for this though. I may do a write-up on this later.
It's a lottery.Almost nothing to lose,except week or two mining...And there is a possibility o BIG gain. :)