Lots of cryptoprojects are real junk...

in crypto •  3 years ago 

I don't want to be negative, but I have got to say that I consider many cryptoprojects to be a real piece of junk. What do I mean about that?

There are so many cryptoprojects that are useless and don't have a real use-case. They might want to have a use-case, but in reality, I feel like they are just created in order to "milk the crypto cow", meaning in order to get even more money from investors who might see a chance of getting rich through the projects.

What do I mean? There are lots of blockchain projects that are really good, they are solid, and I see them with a strong future. Such projects might be like $strongblock, and maybe even $ohm. Many consider these projects to be risky, and they are, but at the same time, they for sure have a potential when it comes to the future.

If you look at the big blockchains such as $avax, $cosmos, $binance, $ethereum, and more... these are great blockchains with lots of value. But, then you have other tokens such as $shib, $lazio, and many others... and when I look at them, I mostly see lots of junk. They might be cool, and it for sure feels cool to own millions of $shib tokens, and it might sound cool to have a voting right when it comes to the future of Lazio... but in reality, I consider these to just be useless piece of crap, and I wouldn't invest much money in these. After all, I don't like investing in projects that I don't like and that I don't trust in... long time!

Of course, I have wasted some money here and there, and also in junk projects, but luckily, I am trying to follow my own principles, meaning that I only invest little in junk projects, and the bigger amounts in projects that I trust long-term.

Which projects are you trusting in long-term? Is Steem one of them? I would love to hear from you!

More cryptocurrency related articles can be found at: https://www.ipaddressguide.org/category/cryptocurrencies/

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