I'm into crypto for long enough to have witnessed ICOs before they where called ICOs. Back then everyone just created a shiny new blockchain and somehow distributed the coin to believers. There were some coins that I believed in and I'm sad that they didn't made it.
For my own investment decision I made some charts of coins that I was interested in. Partly because I use and like the applications that they are tangled to. Lately I discovered Renko charts that allowed me to get a better feeling of the general trend of the assets in question.
This is the chart of BitShares. The bars represent different time spans, since only when the price moved by 0.00001 BTC a new bar is shown. The first bar on the left represents the price of BTS in BTC on February 2nd 2015. The decline was followed by a spike starting May 8th 2017 represented by the first green bar on the left. Since June 6th 2017 the price in BTC is falling. The low was at 0.00000268 BTC and the current price is 0.0000091 BTC.
This is the same chart for STEEM, but with different bar sizes in increments of 0.0005 BTC. STEEM started to take of July 12th 2017 and keeps on declining from July 21st. Minimum price is the current price at 0.000190 BTC. The former minimum price was at 0.000288 BTC.
Voila! This is Peercoin. Most of you might not know this one. It once was ranked at CoinMarketCap as 2nd after Bitcoin with Litecoin coming third. The chart starts in March 2014 and is now at its all time low valued at 0.000248 BTC. And the best thing about it is, that the second last bar from the end was painted on December 11th 2015! The price movements of the whole years 2016 and 2017 are included in that small last bar.
The idea is the following:
Whenever there is a coin that is not advancing in value compared to Bitcoin, sell it. It will never advance against Bitcoin again.
How about ZCash?
Wanna have some Ripple?
I love the concept behind IOTA, but...
Well, lets try one of the more successful ICOs. How about Basic Attention Token (BAT)?
I'm out of ideas guys. But accidentally I found 1 coin that looks a bit healthier than the rest.
Maybe get some Monero?
Monero started in 2015 like BitShares and Ethereum, so its quite matured already. Monero didn't spike in June like most of the other coins, but with some goodwill you can read higher highs and higher lows in the chart what makes up a upwards trend in BTC value. But just to make sure, I will wait at least till the trend is reversed by 2 bars before jumping in.
Therefore here is the [link](https://www.tradingview.com/chart/xxXncZQe/) to the Monero chart.