"People tend to be sheep and follow the heard, that is why most people fail." ~ Charles Fuchs.
WHAT'S UP STACKERS!
As the "Hype" dies down from the 2017 "Bull Run", can most of these "Cryptocurrency Projects" survive a few years from now?
The answer might disappoint a lot of people... Unlikely! Just like any traditional business (with actual sales), there is a huge failure rate. 😱
Here are the statistics of survival: 20% of small businesses fail in their first year, 30% of small business fail in their second year, and 50% of small businesses fail after five years in business.
That is a whopping 80% gone from the "game" in 5 short years that already have a working product or service but couldn't "make it work" to profit. 🙇🏼♂️
Yes, Cryptocurrencies and the blockchain has a big future... however, 99% of all projects are currently based on Speculation and Hype with no product, sales or profits at all. So you think these "Crypto Projects" based on just an idea will have a better success rate than a traditional business. Hell No! 🤷🏼♂️
What does this mean Charles?
Simple, most of these Cryptocurrencies you see today will die off or won't even exist by 2022 and other new projects will take there place to go through the same thing.
I'm not saying investing in Cryptocurrencies is a bad thing, you can still make lots of money from it from trading or lose it all (90% lose)... but in reality; most project will fail at the end of the day.
So how do you know what good Cryptocurrency projects are?
If I had the answer to that, I would have hundreds of millions of dollars right now and drinking cocktails somewhere in the Caribbeans with tons of hot chicks instead of writing this. 🤣
Most of these projects (95%) you see today on CoinMarketCap.com are shit with no use-case and a white paper filled with fantasies that will never happen.
In other words, don't ever take advice from YouTubers, Crypto Experts, Twitter pump and dumpers, or even from awesome people like myself. 😝
The only thing you can do is... do your very own in-depth research when picking up Cryptocurrencies that you believe in that will have a long future.
How do you do that? Well, that's the hard part.
So far, there are only certain project that I'm Invested in... Many of you already know which ones. Why do you think I talk about BITCOIN, STEEM and EOS most of the time? 😬
Instead of speculating to hard, I tend to invest in projects (and the team) that already have a proven system in place (DPOS) such as Steem, Bitshares and EOS. They are all currently functional and can be "used" as we speak unlike most blockchains. In my eyes, these systems will be around in 5 years.
What projects are you currently invested in? You can even "shill" your Cryptocurrencies pics in the comments area below. 🤷🏼♂️
Keep On STACKIN! 💞
P.S. For those who's interested in following my "Content" and "Daily" Posts... you can just follow me 
*Stay Tuned for my weekly "STACKIN Steem Contests" where I've givin' out $1,000's of Steem, SBD, and Merchandise to fellow Steemians!
