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RE: Who Do You Trust? Full Disclosure!
Thank you, @movingman! I agree that there's still a way to go with the ICO wild west, but that also brings opportunities: the eagerly awaited "altcoin-season" will be here soon :-)
It's strange: in the whitepaper of Dogecoin they flat-out admitted that the project was just a joke, an experiment to see just how stupid and blinded people are when they see dollarsigns... And it still exists! Worse: other coins are being created ON TOP of Doge's blockchain...
Glad to finally be here on Steemit; people like you really know how to make a brother feel welcome. Looking forward to many future conversations :D
I didnt read a white paper ever lol.. but thats fucking cool! very cool! I got some "ages" ago in late November, and I only got them because I guessed that it would actually work as it was just before the january hype lol. Dum fucking humans, so predictable hahah well actually I took profits from bytecoin and got dogecoin with them. Imagine that it goes to 1 usd hahahahahah. Thats very possible! I did what in the end4 took 5 seperate posts on the coins and tokens that I have a couple of weeks ago for everyone to see and so I know what I have cos I loose track hahaha! You should follow @scandinavianlife, he introduced me to Steemit randomly and is a cool dude very active on cryptos on steemit. Are you in the states?
Reading whitepapers is boooooring; I only occasionally glance over these mostly unreadable texts and let others do most of the reading :-) It's a case of surrounding yourself online with people who'se advice is to be trusted, just people like you and me, with a good head on their shoulders that are willing to read the whitepapers. Because no one can read them all: first you filter the worse garbage out yourself (like POWH3D). Then you watch / read about the projects with realistic aims and a realistic use-case; these are your HODL-coins.
Then there's the altcoin-season in which there's money to be made with the pump- and scam-coins: these are your trade-coins, where you take a little bit more risk and hope to exit before the house of cards caves in. This is quite difficult to time, but there's where we get help from all the technical analysts that read the charts for us.
I live in The Netherlands, all the way up north in Groningen. Maybe you can join the discussion @fullcoverbetting; he's started a blog to get to know where everybody's from.
I'll be sure to visit @scandinavianlife!