Bitcoin Forum
May 24, 2024, 11:37:25 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: New Here, Looking for Rundown of Cryptocurrencies  (Read 252 times)
regularsteve (OP)
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 30, 2017, 01:55:28 AM
 #1

Hi there,
I am a Canadian looking to jump into Cryptocurrency.  I know little.  Of course I have heard of Bitcoin, and as of 3 days ago, Ethereum.  When I go to coinmarketcap.com I see there are hundreds of currencies these days.

I do not want to invest in Bitcoin.  I feel that ship has sailed.  Also, there is a lot about it I do not like.  (For one thing, the fact that no one knows who Satoshi Nakamoto is.  For another thing, the fact that he has 1 million of only 21 million possible bitcoins.  These things seem shady to me.  Also, the transaction fees being so high, and taking so long to process.)

I have ideas about what a good cryptocurrency should be (not created by some secret figure who owns 5% of it!  Low and speedy transaction fees, for instance) and whatever one makes the most sense to me is the one I want to invest in.  But it will take me years to figure out what is what at the rate I am going (reading random articles). 

I think a cryptocurrency that is dirt cheap at the moment, has not allotted a ton of coins to the creators already, has people working on it that are known and go by proper names, is easy to exchange (theoretically) and with forever low transaction fees, is going to be the winner.  Kind of a bitcoin 2.0. 

Is there a site or link to a paper that explains the pros and cons, or compares and contrasts, the 10 or 20 most mainstream coins cryptocurrencies?  I would gladly invest a few hundred dollars in a few that I think showed potential, prepared to lose it all, but hoping one of them goes up 300x like bitcoins has for the guys that invested at a dime a coin. 

Thanks so much!

Steve
FlamingFingers
Sr. Member
****
Offline Offline

Activity: 1330
Merit: 288



View Profile
June 30, 2017, 02:02:49 AM
 #2

If you have time, go to Coinmarketcap, choose the first 20, 50, 100 (as you like) coins/assets, go to google, type Xcoin ANN (where X is the coin's ticker and ANN being short for announcement), this should bring you to coins' official announcement threads on this forum, and read as you like. This is tedious, but there is no better way to find that which you seek in order to be convinced. And don't take anyone's blabber for real.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
regularsteve (OP)
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 30, 2017, 01:09:15 PM
 #3

If you have time, go to Coinmarketcap, choose the first 20, 50, 100 (as you like) coins/assets, go to google, type Xcoin ANN (where X is the coin's ticker and ANN being short for announcement), this should bring you to coins' official announcement threads on this forum, and read as you like. This is tedious, but there is no better way to find that which you seek in order to be convinced. And don't take anyone's blabber for real.

Thanks for the tip.  It is tedious, but I may resort to this.  But I am hoping to avoid doing the work all myself?  Surely many thousands of people have asked "What are the differences between all these cryptocurrencies"?   

There must be a website with a quick blurb on each, or a chart comparing them?

One thing that stands out is how many are wholly original, and how many merely build on original Bitcoin code?  I have no idea if 90% are copies of bitcoin, or 10%, or somewhere in between? (Ones that are based on Bitcoin code I will dismiss outright; I want new code.  Or that this pint *think* I want new code.)
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!