There is no Life left in these Altcoins

in #bitcoin7 years ago


Don’t bother grabbing the paddles these guys aren’t waking up

IOTA

This coin is in the top 10. They want to make a giant marketplace for IoT sensor data. They haven’t actually built it yet. There is no evidence anyone wants or needs this service. Also they had a pretend deal with Microsoft they used to pump their coin.

Tron

How a basic ERC20 coin with a copied whitepaper could enter the top 10 is sign of how dire things have become. The only thing impressive about Tron is Justin “Shillmachine” Sun, the 20 something founder. His daily tweets are trying to pump life back into his worthless coin, but it will not work until they actually deliver on some sort of a working product.

BitConnect

Lol this is a Ponzi scheme just google it. Currently they are trying to do an ICO, likely in a last ditch attempt to save their crumbling scheme. So far regulators are not taking kindly to this approach.

Dogecoin

Shiba Inu themed pump machine. This coin was made as a joke, the fact that it still has a $1B+ market cap is nuts.

Dentacoin

The cryptocurrency for dentists! WTF, why do dentists need a cryptocurrency? (They probably don’t)

To do your own research have a look at How to evaluate Altcoins like a Venture Capitalist

It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any securities to any person or a solicitation of any person of any offer to purchase any securities

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I think you need to add XRP to the list but other than that I have to completely agree! Upvoted and following

Ripple has a working product, they just need customers lol

Yeah the software behind Ripple seems legit to me. If they really can attract banks to use it, there might be something more to it. Still that even doesn't mean the currency XRP will make it... We'll see I guess.

I am new to this bitcoin thingy and still studying. Glad you could help.