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I think that Alts are important because in the competitive market directed by "the invisible hand of the market" alt developers pursuing the personal goal ought to improve their product.
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It is necessary to distinguish between trading and investing. Holding is the investing strategy.
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There are many scam ICOs and dead alts now, it's true. But I think that we are at the very beginning of crypto development.
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I am holding my bounty rewards now because of they have a very low price.
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I like Ripple because it has a very good marketing strategy and it is distributed ledgers built for banks. It's not decentralized like Litecoin which technically speaking is almost identical to Bitcoin. I choose Ripple and BTC.
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Now the asset has a good price since December. There is a very promising alt for long-term because Neo has a potential to become a large currency in the East.
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Right now there is a season of huge discounts for alts. Nobody knows then the sales end but it makes sense to buy few of good assets.
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I think If you studied a project and a team you could buy during ICO. There are a lot of scam ICO now, so if you have doubts then it's better to buy on an exchange.
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Crypto has already changed the lives of many people. For example, people from poor countries have the opportunity to earn money and feed their families.
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I think paranoia and reasonable physical security have a first meeting when his owner begins to experience fear of losing it.
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I think that it is safer to buy tokens after ICO because there are many scams or unsuccessful projects now.
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Unfortunately, there is no news from the team there and the telegram @providencecasino has been dead since April. It will be a big surprise for me if the project comes to life.
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Often bounty token loses its value after being listed and if the hunter doesn't have time to sell tokens for good price he becomes an ICO investor.
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