I personally am not in any of the cryptocurrencies and I am not in any way recommending doing so. This is just meant to assist you, if you are thinking of doing so.
This list of thousands of crypto currencies shows exactly what is wrong with them.
Sure there is a limited supply of any one coin, but anyone with a computer can make a brand new currency. Money supply expands faster and more easily than fiat.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum
blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
I started “MiltieGeld” over lunch. Blockchained, darkweb enabled, limited issue, and used as currency in Ukiah.
Buy in us $100,000 per “Milt.”
Who is in?
where is Freepercoin
when we need it?
Remember the .com crash of the 90s. I do as my IRA lost about 1/3 of it’s value because of that. Look out cryptocurrency crash. Don’t invest more than you can stand to lose.
Not knocking you posting the list.
If you are going to base any “investment” on its “activity” you are going to be a day late and a dollar short.
Use the list to identify Cryptos that appear to be large and “solid.” Then take some time to figure out what they are for—and what they do. Take some time to understand their relative features and benefits.
Otherwise, just buy the top 5, and then go away for 5 years.
All ya gotta do is believe.
And just a tweet from Musk can cause huge hits to their perceived value and increase a porn coin called “cumrocket” to go up 1000 percent.
A few things. Some of the cryptocurrencies such as Dogecoin have an unlimited possible number of coins that could exist.
Some such as Bitcoin have a specifically limited number of coins that may ever exist.
There are currently about 2500 cryptocurrencies.
Some called “shitcoins” (eg Dogecoin) are utterly worthless and are not tied to anything.
Some are linked to various bits of Blockchain that might prove quite useful in the future.
Investing 1-2% of your portfolio in crypto currencies is probably a sound investment strategy. You may lose everything in which case its just 1-2% of your portfolio. On the other hand there is a real chance of assymetric returns as did happen in the first and the second crypto booms in 2017 and the early part of this year.
Since it is impossible to know which specific crypto currencies will prove valuable in the future - though it is possible to know which are worthless now - it makes sense to buy a basket of different coins.
BKMK
I check CMC probably 3 times a day.
You see that in the world of International Finance, we pretty much use the American Dollar with the Euro as the backup. So it’s clear that bitcoin is the winner. There may be room for one more. Who will that be? Dogecoin?