When I first started investing, it was about making a fast buck. Buy, Drop! Buy high, Sell low! I treated each currency as a cash cow and didn’t care for anything except for return on investment. I didn’t read anything or know much about some of the currencies I was investing about. Then as I began to study and learn more about digital currency, I developed an appreciation for the technology. You should do the same. You’ll eventually get burned in blind trading. You need to be investing in coins that have a strong core. Many of the cheap uninspired Altcoins won’t be around 2 years from now and people will lose money. In fact even some of the Altcoins that have high contributions and a great development team might end up flopping due to high competitions and influence of investor sentiment.
My advice is to invest in coins that have a proven track record and are very likely to be around in the future with a slight mix of high risk currency just for fun. There are many indicators to determine which coins have potential. The common method of choice would be to go with what everyone thinks will succeed and where everyone is dumping their money. If you’d like to do your own research, here are some websites that provide information and analysis about currencies.
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