Every now and then, mostly out of curiosity, I like taking a look at coinmarketcap.com to check some prices....look at some charts....compare this to that...you know, all the boring stuff.
I was surprised to see that there are exactly 2226 different coins/currencies out there in the wild.
That's 226 pages of coins....
Just a few months ago I had made a similar post and the number of the coins back then was 1593. Seems like different projects pop up every single day. Someone would think that "hey...this is really good thing...it's progress!!!"
I have mixed feelings about this on the other hand. You see some of these projects are scams. Actually dozens might be. Everyone is trying to claim their "fair share" but is this really sustainable?
I think that you should make a really good research before investing in unknown projects...
Some might be hidden gems...no doubt, but there are also those who will shut down their sites...dump everything and will fill their bags with your precious money right before your eyes. And just like that they will be gone. And in most cases, you won't be able to do anything about that.
The most important factor for a good investment is trust.
Let's say you that you decided to invest 10K $ that are sitting in a bank account. Would you choose this
or one of these?
I think the answer is pretty obvious, at least for me...but let's talk about it in the comment section below.