I think, that the market is growing so fast and so big it doesnt matter in which coin you invest in if you want to make money.
Sure, in the long run i would advise to invest in a strong community or a service or application you really believe in! But to make money, does it even matter? Lets put it through the test!
With google random number generator i selected 5 crypto's totally at random on coinmarketcap and invested 100 dollars in each one. I added them to my cryptocompare just now and i will check again in 2 weeks!
These are the coins i added on the 14th of june 2017.
What do you guys think? Will they go up? down? will i lose or make money? let me now!
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I think you will make money. But I recommend doing a due diligence for the coins you hold long term.
a) is it just another coin -scrap it
b) unique features-consider it
c) is there a strong team behind it -now it is interesting
d) is the team well funded -find a nice entry
Hi Michael, if you don't know what to invest in you can see what the experts are recommending here: https://steemit.com/cryptocurrency/@steemt/cryptocurrency-expert-sentiment-what-do-the-experts-recommend-and-do-they-agree
Thank you! i actually now quit well what i want to invest in! But i was wondering if it actually even matters what you pick! :) So this is a test to see if my presumptions are right! :) But. i will read that article you posted now! :) than you for sharing
Good test and i actually think you're right about the fact that the market is growing. But it's all about finding the coins that will outperform the market to get more profit. With NEM you have 1 coin that's looking good for a rocket move!