This should be called dangers of buying crap and ICOs. Holding quality for long term is the only relatively sure way of profiting. But if one can't tell difference between crap and quality, a coin or token can loose half of its value in a day.
This should be called dangers of buying crap and ICOs. Holding quality for long term is the only relatively sure way of profiting. But if one can't tell difference between crap and quality, a coin or token can loose half of its value in a day.
What's the difference between crap and quality. Most of the time it's hard to tell. Do you invest in the old legacy coins that might not be able to scale or the new coins that have no platform, but promise to be the future?
Not saying everything is crap, but it's going to be a little work and a lot of luck those that are able to pick the winners over the long term.
I've only invested in Digibyte and Steem so far. The only sure players I can see. Although with steem it really comes down to steemit and how it is handled, whether quality escapes the platform or it becomes celebrated eventually, currently it isn't but I see the potential.