Post
Topic
Board Altcoin Discussion
Re: Way too many new coins - is this a real threat for crypto ?
by
TokenAgency
on 09/11/2017, 17:27:36 UTC
I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?

It is simply physically impossible to track all of the new altcoins that keep appearing. You would need to hire an entire team to keep studying new altcoins and filtering the bullshit from the good projects which unfortunately are very few. If you try to do it by yourself, you will see that there are not enough hours in the day.

So many shitcoins out there only make it more obvious that bitcoin is the king.

There are currently 3,812 different publicly traded stocks in the US alone. You don't have to research and keep track of every single one of them to invest in the stock market. The same goes for altcoins--there's no need for most people to keep track of every last new altcoin that comes out. I would suggest picking a few sectors that you are knowledgeable about or interested in and stick with those. The good projects that fall into an area of interest will probably stand out to you and be good candidates for further research.