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What kind of coins did you mainly buy?

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by COINS NEWS 41 Views

According to my observations, there are a few types of coins depending on their market movement and utility.

  1. Bitcoin - first cryptocurrency, king of our hearts, leading the market since its creation.

  2. Coins that show potential and deliver - projects like Ethereum that are promising novelties, solutions to problems, etc. and actually deliver good services and have great developers. This shows in their market trends as they usually make their way upwards over a longer period.

  3. Coins that show potential but fail to deliver - Not all coins are scams. I do believe that some projects really mean to develop as solutions to some problems and are planning to upgrade the existing tech. Unfortunately as the time goes, their roadmap gets posponed and postponed. They might deliver but in a very stretched timeframe. Eventually people lose interest in them and only the religious bag holders still hope for the project's development.

  4. Meme coins "pump and dump" - we all know these, they usually dont last long on the market, developers hype people into buying and then sell their bags, usually leaving other holders unable to even sell for loss.

  5. Meme coins that pump and dump and then somehow stay there - Im talking about Dogecoin for example. First meant as a total meme, but now has its own blockchain and even some utility. For some it is not considered a meme coin anymore. Pepe might be going in this direction?

Are there some that I missed? Which types do you hold/prefer?

submitted by /u/KlemenKisi
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