You can speculate on any crypto. Even the known pump and dump coins, if you know exactly what you're doing.

But when it comes to investing for the long-term, the following types of coins are less appealing:

• Coins with an unlimited supply

• Coins with excessive supply

• Coins without real-life use cases

• Coins with a questionable team

• Security tokens

5 types of cryptocurrencies I will not 'invest" in

1. Coins with an unlimited supply

Any coin without a capped supply is a huge turnoff for me.

Because the price will only go down or at best stagnates as more coins enter the market.

Thus leading to inflation and depreciation of the value of your investment with time.

Without an upper limit to its supply, any cryptocurrency is fiat in a different format.

But that doesn't mean any coin with a capped supply is the real deal.

It just means I would automatically rule out buying and HODLing a coin with unlimited supply.

2. Coins with excessive supply

Learn to avoid those coins with billions and tens or hundreds of billions of supply.

Especially those with only a fraction of their supply in circulation.

Because as the rest of the supply enters the market, the price will fall or stage.

Except there are enough more buyers and capital flowing in.

Something that neither you nor the project's team can guarantee.

So why take risks that you cannot calculate?

3. Coins without real-life use cases

This is obvious.

There's no reason to "invest" in a "useless" coin.

Except of course you specialize in losing money.

According to experts, 90% or all currently existing cryptocurrencies will die.

Because they had no reason for existing in the first place.

They're not solving any human problem that will sustain their continued existence.

When the hypes are over, and the eyes are clear. After all, is said and done. Only the coins with real-life use cases will continue to survive and thrive.

And you wouldn't want to be in the other ship of bagholders who will have nothing but fancy dumps.

4. Coins with a questionable team

Avoid all projects, big or small with a questionable team.

Some of the telltale signs of a dubious team are:

• Poor or total lack of clear communication

• Unprofessional handling of matters

• Lack of focus and direction.

They tend to not only focus on too many things at the same time but change direction anyhow.

All to either create a smokescreen to cover the real thing they're doing -scamming you.

Or they're gambling with your money with no real plan or strategy to deliver a working product.

If you have any doubt about a project team, avoid them.

Invest in the people you believe in and are confident in their abilities.

5. Security tokens

The fear of the SEC is the beginning of wisdom.

Never invest in a coin or token that appears to be a security. Except you know exactly what you're doing.

Remember Telegram's (GRAM) token?

And now Ripple's XRP?

Avoid investing in those types of cryptocurrencies.

If the SEC doesn't shut them down as illegal, it will impose conditions that may render them worthless. Or at best, very unattractive to most investors.

as an investment.

When a token is declared as illegal security, they're either shut down by the government or become:

• Difficult to trade on any exchange without KYC.

• Inaccessible in most jurisdictions

• Over regulated and restrictive

However, you can safely invest in a duly registered and traded security token. But in most cases, they lose their cryptocurrency appeal.

In the case of Telegram, their GRAM token was declared illegal security. And the company was asked to refund its investors 72% of what they invested.

They automatically lost 18% of their money just for innocently investing in a token declared to be a security.

Ripple is facing a similar court case for its XRP coin. If the SEC wins, what happens wouldn't be pleasant for anyone.

And the investors will always be the worst hit.

What other types of cryptocurrencies do you find unattractive for long-term investment? Share with us in the comments section below.

Click here for the list of projects I am proud to recommend.