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     7 years ago  

    I think it is a foolish idea. For several reasons. You will end up wit coins that has no practical use, except from sending (hopefully) them back and forth. And if lucky they have even made a wallet that works. The cheapest coins will be listed on exchanges with little volume and can prove to be hard to get rid of.

    Do your due diligence:

    Is this something that has a use case except from only being cool?
    Does the software work?
    Is it traded?
    Is it unique?
    Are the developers active?
    Are they funded?
    Do they enter harsh competition?

    I expect most of the low-low-cap blockchains will not exist in two years time. There will be new ones, sure. But there will be fierce competition for the top spots.

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     7 years ago  

    No risk no gain.. listen to ur own voice

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     7 years ago  

    I think your strategy has a much better chance for success than trading. Buy a portfolio, put it in cold storage and don't touch it for a few years. Just my humble opinion (not advice 😐).

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     7 years ago  

    I would like to see what people think and recommend also.

    I have resteemed this post. The more feedback I read on this topic the better.

    Thanks.

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     7 years ago  

    Hey Jack, you and me both bud. I am getting my mining rig up and running on Saturday and hoping for the best. I am going on what others say about it and so far, i reckon its a go.
    Mining Ethereum and other ALTcoins so maybe worth investing that way

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     7 years ago  

    My question is where do you buy some of these altcoins and how do you hold them?

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     7 years ago (edited) 
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     7 years ago  

    I found the same place to buy but the wallet is the hardest part to find

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       7 years ago  

      I say go for it.. it's the insane ideas that people will call stupid.... until you hit it big and then they want to know your strategy...... My Darkhorse is DogeCoin.... Might go back in on Ripple.. just as a set it and forget it... Somebody I'm sure will tell ya don't do it but fuck that... You got a plan.. and as long as it isnt with rent money... GO FOR IT.. I cant wait until your post that says You made a millie

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       7 years ago  

      If you want to invest and not sell so just to keep the coins for a while i will suggest you the first coin from the photo of the post... and yes i am talking about Dogecoin. I think soon the coin will gain more attention and it will go back in the place that belongs witch is in my opinion in the first 10 crypto coins. It is for a long time around and have one of the best communities as well. Anyway one day Dogecoin price will go all the way to the Moon!

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       7 years ago  

      buy some Ardor and Liskto sell later... you can't go wrong with these 2 coins

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       7 years ago  

      Reddcoin could be a good pick, it's pretty cheap and you can stake it while having your wallet open :)
      go check out Thomas Gutierrez on youtube or here on steemit he's staking it an talks alot about the announcements of it. It will be implemented on social media plattforms in the near future.
      Do your choice wisely! :)

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