Most of the shit coins you see are just copy/paste coins that some kids are pumping and hoping to earn a few bucks on unfortunate guys that invest in their scam coins. YoBit is exchange that adds a lot of that shit stuff so just don't look there if you don't really know how to differentiate them from potentially good ones or if you are new to altcoins overall.
Agree. The great majority of alt coins are just BTC clones, and some of them are even cloned from ETH, with a few only providing promising technology and good development team. If you take a good look at what's happening in crypto land right now, there have been a great number of ICOs emerging almost every day. But, it is up to debate whenever these projects may
truly deliver as promised in their ICOs. That is why, if considering to invest into a new altcoin, you should first make a research about its community, development team behind it, number of premined coins, among other factors before regretting losing all your money at once.
In my case, those new altcoins that look promising, I try to invest the minimum amount possible, as if the coin then gets dumped, I wouldn't have loss to much money. Just my opinion.
Sticking with bitcoin is the best thing to do for now. And If you want to get into Alt coins, I think it is best to go with the
top 10 or top 5 coins based on market capitalization.
First of all we do not need a fucking coin for each and every service some one could potentially provide over the internet. I wanna sell milk so I go and develop a freaking crypto coin for it, now I have changed my mind and now going to make ice creams, oh wait for it................
Now here you go ICC short for Ice Cream Coin and just planning to earn a few hundreds bucks each day for next 6 years, how you may ask? really easy I'd just need to first announce it and things like pools, explorer, wallets magically appear from every corner.
Second of all the gap between bitcoin and other so called digital assets with fake given value is so fucking huge, like bitcoin is in right side with $12B marketcap and all other few thousands shitcoins with $1.5B in left side, so I guess going ahead and investing in the lefties is totally cool right?
O.K. taking the risc of being over-present here: It's me again
I kind of read over this one and it didn't got out of my head, because it represents a fundamental misconception about the sense and nonsense of altcoins.
Let me assure you i am the first, who is with you when it comes to criticism about ICO and any other "funding" policy.
But when it comes to sense, let me try to explain another viewpoint.
Bitcoin has invented a way of thinking about the topology of network systems as a whole.
So its a good thing, that people are beginning, to have ideas, to build stuff and to try out all sorts of things, you could do with it.
This does not have to mean, anybody is thinking about a "better Bitcoin" or even about ANY revolution at all.
Some may think so and some/many of them may even have a misconception about their own projects, thats right,
but it doesn't matter about the fact, that this people inventing stuff with and without sense is the soul of what gives progress to humanity.
Even if you are witnessing a great bunch of insane or ridiculous shit: Its creativity at its best.
There are, despite the "shit", projects around, that are developing breath taking technologies and THIS is all what counts.
In fact, Bitcoin may profit a lot from that, because everybody will agree, that its bad a bad idea to play around like this, with bitcoin itself,
while on the other hand Bitcoin may be able to cherry-pic from the outcomes.
Even besides the technology aspect, Bitcoin is a SOCIAL invention, that is DONE by using technology, so even without the aim,
to build new technology, experimenting with different configurations makes sense.
And last but not least there are first fruits we learned from playing around,
and that made some coins, that will do something slightly better than Bitcoin and wont replace it,
but help to do something else, as we are in the same boat.
And if its only, to be less arrogant and through this, getting REALLY to the people.
Bitcoin is already an ecosystem, but dismissing its lab, that in fact represents the crowd, where it emerged from,
is doing the same error of traditional finance a second time in history
have fun
Matthias
