Disclaimer: This post and future posts on Altcoins and Tokens should not be taken as investment advice. These are just the opinions and perspectives of someone who's been in finance over a decade.
Most people have heard of Bitcoin, Ethereum and block chain technology by now. The technology is fascinating to say the least, but for the readers of this site, making money is probably more top of mind. I am not a speculator of cryptocurrency prices and will not be "analyzing" charting patterns to convince anyone to buy or sell cryptocurrencies.
For the next few weeks or months, I will be devoting most of my time looking at the Altcoins and Tokens that have been all the craze in 2017. I'll tell you from the little work that I've done so far, most of them are probably worthless and the people trading these currencies are hoping to benefit from the "greater fool theory".
My mission is to find the few Altcoins and Tokens that could ultimately have intrinsic value and and may be worth investing in. I would consider these investments similar to venture capital - most will end up being zeros, but there may be a few that are multi-bagger home runs.
I am a value investor, so mitigating risk while sussing out the grand potential is the ultimate goal. I will be taking a U.S. investor's perspective because that is my home country, so I will try to incorporate my limited knowledge of securities laws based in the U.S.
Finally, I'd like to see this become more of a forum for discussion because I am a beginner too. If we find the gem out of the thousand or so cryptocurrencies out there, we could all stand to benefit from it.