Post
Topic
Board Speculation (Altcoins)
Re: MONERO in 5 years
by
generalizethis
on 19/01/2018, 20:06:19 UTC
Guys I'd like XMR and hodl some. But what about new alts as Spectre and Sumo for example? And I think we see new in this year. Can XMR successfully compete with such novics? Yes, great XMR community and solid history are good. But young and ambitious coins may well crowd out veterans  Grin What you think?

I think you should learn about how privacy coins work instead of asking the speculation thread. If you believe low cap and potential are synonymous and that every claim is attainable, you are going to buy a lot of shitcoins.  Research cryptography and how crypotcurrencies work rather than letting some shill tell you how,  "____coin has the best privacy ever!" based on nothing but some anonymous dev who can't even explain how it will work, nor the last project he/she worked on.

If it sounds too good to be true, ask for a whitepaper and check with someone you trust to see if it passes the smell test. If someone is telling you don't need proof or that the returns are too big to pass up on, they are likely just trying to get you to buy their bags and don't care what happens to you or your savings.

Buyer Beware should be too obvious to need repeating, but greed and naiveté gets the best of even the most rational investor/speculator when they are first getting into crypto.