Bitcoin was the gateway for me, that brought me in to the world of cryptocurrency. A world that changed my life for the better and one that can Impact almost everybody on the planet. I am truly blessed to have gotten in to bitcoin/cryptos early enough to have already made a financial impact on my life. Now if your like me, you have probably developed an addiction to cryptos and have spent thousands of hours researching different coins.
Recently, investors all over the world have poured billions of dollars in to the Altcoin market
Many investors realize that bitcoin isn’t always the currency of choice in moving value. Transactions can take days instead of minutes, and average transaction costs are at approx 4.50 usd. The network is at a turning point and 1 MB blocks are no longer a sustainable to deliver fast and affordable transactions. Because Miners are incentivized to settle transactions with higher transaction fees, they leave behind less important transactions.
Startups are switching to Altcoins
Brave Browser (BAT) started with bitcoin but has now shifted to Ethereums smart contract blockchain. (YOURS), a social network has switched to Litecoins network for faster and cheaper transactions. Bitcart has switched to dash, as there solution to bitcoins problems. Many other companies are creating there very own blockchain as there solution to the sluggish bitcoin.
What is a shitcoin
The main ingredient that makes a shitcoin a (true shitcoin) is whether or not it is just a clone with no important upgrades or changes. Most shitcoin clones are built for the sole purpose of making the creator money. Unfortunately, this adds nothing to the crypto market in terms of helping it go mainstream. In my opinion, we will see an huge increase in these clones in the future.
2017 has been a tremendous year for the entire crypto market, and it is for that reason, I feel that many shit coins are being disguised as real coins. I urge investors to be careful when investing in small cap coins at this time. The bull market has created a lot of hype, especially in new small cap coins coming out, many of which are shitcoins that could easily go to zero.
Love your graphics. Doritos, nice touch!
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Thanks for reading :)
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Totally agree! So much shit coins these days, at least steemit has something 🙌🏼🤑
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I wish I would have found Steemit earlier. But of course we have to search through all the crap coins to find the GEMS like Steemit!
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That's a fact 😀
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Thank for sharing this great information. The coin market really has changed my life as well...but you're right, new investors really need to tread carefully.
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Thanks for reading :)
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It's pretty logic to think many of them are shit, there are surely a lot less currencies on paper today than cryptocurrencies. Of course some are going to be fake!!
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all these ICO's are similar to the DOT-COM Bubble.. all these Coins opening up but not really about ANYTHING.. "A BLOCKCHAIN FOR LIBRARIANS" "A BLOCK CHAIN FOR PEOPLE THAT LIKE CAT VIDEOS" its all BS... stay away from the BS and stick to the main janes.... they will disappear eventually.. Just wit the crazy now people are taking advantage..
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Pizza.com sold for 2.6 mill in that bubble it was a crazy time lol
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I was young but I heard horror stories... JUST DUMB WEBSITES selling for big money...
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Even if not all of them are shit coins, it's impossible to keep up with all of them, so you should just stick with from 5 to 10 and just focus on these, if one of them goes down the crapper then go for another one.
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Yes, your right it is wise to hold fewer coins and hold long term. Thanks for reading!
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Sometimes, a coin looks promising but its pricing is a little optimistic: https://steemit.com/nimiq/@wekkel/the-nimiq-heist-founders-cashing-out-big-time
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