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RE: Why 90% Alt Coin Fail? Read This Before You Invest into Cryptocurrency
Yea you definitely have a point. There are thousands and thousands of projects. Most are just trying to steal bitcoin.
With that being said that 10% still contains a lot of projects and companies; all it takes is research and contact with the team making sure they are staying true to their roadmaps and are actually working on something.
I first tried trading when I found out about crypto but have since become a HODLer. Find the good projects go deep and wait!
Yup, I know many people burnt to invest into crap coins, because they did not research or had any idea, as crypto mostly about hype and speculation, So FOMO hit and bought thousands of dollars, and lost all money. Also, I would say be careful about ICO. Recently many ICO took the money and run.