I have tried to draw a comparison between fiat money and cryptocurrencies, and have reached the conclusion that we can have up to 1.7 billion different cryptocurrencies since everyone can just wake up and issue a currency without a hitch! The problem now is if cryptocurrency can solve the problems it was created to solve since everyone can use it to create a problem instead! These include PnD schemes that have been ran by ICOs, who after raising funds off of you, the dump on you at exchanges and the project dies afterwards. Anyone can list a shitcoin on an exchange and the rake in hundreds of thousands of sales in $BTC and ETH. With all of these, do you still trust cryptocurrency investment??!
Yes i do. But it must be supported by a big advisor to create FOMO. I have known a project which has supported by Co-founder of ripple and he was officially investing around 4 million dollars into it and does it make sense to not trust that ico? I still try to believe it as long as it has a lot of advisors and backed by big people behind it.