Everyone likes to talk about the coins that they are most interested in. But what kinds of coins are you LEAST interested in?
For me, I usually ignore altcoins that fit the following descriptions:
- No technical innovation (e.g. simple Bitcoin clones, scrypt clones, etc.)
- Most animal coins (except Dogecoin of course)
- Nearly all country coins (because there are/were so many of them and they almost always ended up failing)
- High-PoS reward coins (because they ultimately tend to go down in value)
EDIT: Forgot to add:
- Ponzi schemes that advertise "guaranteed profits" (or lending platforms/trading bots that are really just obvious ponzi schemes in disguise)
Im a type of person that mostly plays it safe. I do take risk, but I think very much about it before investing. If I want to buy any cryptocurrency it has to be a very good coin that has a large market cap, and of course being one of the top coins. I dont invest in coins that havent reached any position at all, they are probably a waste of my time.