As the trade focuses on the cryptocurrencies there id impending danger due to lack of a central controlling facility. Below is a list of crypto-currencies that you should avoid investing in in 2017. This is due to various technical, financial and risk factors that have been considered based on the available up to date information.
1 . SEX COIN
There are several reasons as to why you should run away from this platform: It has recorded a change of -0.0036 in the first quarter which is little compared to counterparts like Bitcoin with 0.01. Currently, the rate of transactions is going to lower due to legalising of sex industry and hence there is going to be low capital base.
2. S-coin
Algorithm for data mining is more complicated and requires parallel computers.
3. Black coin
The trade volume is too little and might not change soon thank you may expect. This will take a lot of time.
4. LFC coin
Security of data is not guaranteed and you could end up losing your 'bits'.
5. Ripple
There is no enough verification evidence and this could lead to losing all your money.
6. Monero
the United States of America Donald Trumph is carrying out rampant campaigns on the war on drug lords and this could sooner disrupt the transactions due to reduced activities in this platform. The capitalization will reduce and eventually and you could end up losing a significant portion of your money.
7. Ripple
They own 70% of coins in circulation and the portion you present could be insignificant and hence does not attract much profit.
8. One coin
It has no whitepaper and development.
9. Centurion
sources have proven it is a scam. If you want to be on the safe side then avoid this one.
10. The Billion coin (TBC)
This is a scam. Its source is not even verified