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July 10, 2016, 07:53:47 PM |
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I'll kick this off seeing that no one else wants to touch it.
First, I'll assume this is not just to increase BTC wealth through trading the pump and dumps of the altcoin world, but more as a hedge should Bitcoin fail at some point in the future, or as a personal wealth/diversification so as to not have all eggs in one basket. I will also assume this is a question about altcoins rather than Bitcoin since we all know Bitcoin is a good long term gamble. At that last point, this may end up moved to altcoins sub because it isn't solely about Bitcoin.
So, lets get started, shall we..
As with Bitcoin, read the white paper for any coin you think you might want to invest in (I know this is easier said than done now that there are 1000 altcoins out there). Find something that really changes the game. Adds something new/innovative, and something needed. There are a few out there that bring some good tech to the table.
ETH is more than just a blockchain and protocol. It is a platform for development of decentralized applications (dApps).
NXT offers a built-in decentralized asset exchange.
XMR has a higher degree of anonymity.
DASH, GAME, BTS...etc. The list goes on and on and on....
The above mentioned alts all have some unique features but they all also have some cons. You need to research them yourself and make your own decision. Anything someone points you to without a good reason, it's only because they want you to buy up their favorite alt. If this gets moved to alts, you'll have a hundred replies of "Buy ETH!!1!" Buy XMR!" "Buy Dog! such coincap, much price, Wow". Ignore them except to get some ideas which to put more effort into researching.
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