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Yeah, don't sweat it. Even if you're new, you're in before most of the rest of the population. My simple advice to anyone new is don't spread out over a lot of altcoins. Research a lot of them and narrow it down to a handful of ones that have long term projects and have a support team of developers.

Good advise. I am focusing on iconomi, it's a play on the industry as a whole perfect for newbies like me.