Unfortunately, as is becoming more and more true in our pretty weird modern inter-connected world there's no substitute for getting your own hands dirty, reading primary sources and trying to understand what's true and what's bullshit yourself. Only then can you really evaluate who is worth listening to and what is actually interesting (I found the above stuff I linked to be good, but you should judge them for yourself).
The 'investment' bit is kind of secondary (https://soliditylang.org/), I personally think BTC, ETH, and Coinbase stock are the main long term bets - other stuff has extreme risk and requires a lot of attention to know if it's worthwhile or not. I do think the ZCash privacy model is cool.
Basically, I wouldn't invest unless you're going to sort through the nonsense yourself. Though like any investing the stuff where the value is harder to see is also where the bigger returns are (and the bigger failures).
DYOR (Do Your Own Research), don't fomo into coins just because they are pumping in price. Read through their code (or how many contributors, how much contributions it gets, etc) which is something that you can't do with current financial system and if any of those projects don't open source their code, stay as far away as possible. Inspect the on-chain data to see how much is it actually used, etc. Look at Google Trends, look at their community sizes, etc.
There's a lot of datapoints that you can use or you can find reliable people and rely on their judgments. Also, if you're simply looking for investment, you can't go wrong with BTC/ETH portfolio, they have been proven to work over many years now and most of the remaining altcoins are correlated with them in price anyways.
Honestly I would avoid asking Internet forums for advice, you paint yourself as a target
HN is probably fine, I just feel bad for anyone who learns about crypto on YouTube and asks a newbie question in the comments - they are swarmed by bot armies recommending “investment strategies” over WhatsApp
gonehome|4 years ago
Unfortunately, as is becoming more and more true in our pretty weird modern inter-connected world there's no substitute for getting your own hands dirty, reading primary sources and trying to understand what's true and what's bullshit yourself. Only then can you really evaluate who is worth listening to and what is actually interesting (I found the above stuff I linked to be good, but you should judge them for yourself).
The 'investment' bit is kind of secondary (https://soliditylang.org/), I personally think BTC, ETH, and Coinbase stock are the main long term bets - other stuff has extreme risk and requires a lot of attention to know if it's worthwhile or not. I do think the ZCash privacy model is cool.
Basically, I wouldn't invest unless you're going to sort through the nonsense yourself. Though like any investing the stuff where the value is harder to see is also where the bigger returns are (and the bigger failures).
rawtxapp|4 years ago
There's a lot of datapoints that you can use or you can find reliable people and rely on their judgments. Also, if you're simply looking for investment, you can't go wrong with BTC/ETH portfolio, they have been proven to work over many years now and most of the remaining altcoins are correlated with them in price anyways.
jazzyjackson|4 years ago
HN is probably fine, I just feel bad for anyone who learns about crypto on YouTube and asks a newbie question in the comments - they are swarmed by bot armies recommending “investment strategies” over WhatsApp
doggosphere|4 years ago
Permit|4 years ago
Also, how many transactions/day does the second-most-used cryptocurrency facilitate?
sureglymop|4 years ago
Is it really a good idea to invest in such a volatile asset?
(Genuinely asking as a complete noob)