Here it is, the truth about investing in crypto!
When it comes to crypto not all coins are created equal and it is extremely easy to get bogged down in all the hype and options of each one.
In my opinion there are only a small hand full of Crypto Coins that are worth investing my money into:
Bitcoin
Etherium
Ripple
Stellar Lumens
These forms of crypto have whats called inherent value, and although only Bitcoin is considered rare, all these coins are valuable!
The only way investors should look at crypto is the same way they look at commodities, commodities are store holds for value and protect against runaway inflation of FIAT currencies.
If a Crypto can't pass a couple easy tests then it is not considered a commodity and isn't a store hold of value.
Test 1: Is it inflationary? Meaning can more coins be created whenever or is the amount of coins available the fixed amount forever
Test 2: Is the Crypto going to be used as a currency or process by a large number of people?
Depending on the answers of these two test will ultimately tell you if the crypto being tested has inherent value and can be treated as a commodity.