Last year I dumped some money on a few Alt Coins. Now my portfolio seems a graveyard, where coins have come to die.
I gambled on a few projects that seemed credible, at least to me. All of them are worth a tiny fraction of what they used to. But that's not the worst part.
The worst is when I'm forced to take a loss, against my will. The last project forcing me to take a loss is Iconomi (ICN). They did a Swap of ICN tokens for Securities of ICONOMI AG and they gave gamblers two choices:
- Exchange ICN tokens for Securities of ICONOMI AG;
- Exchange ICN tokens for ETH at a ridiculous rate.
This is not an isolated case, it's just one of many examples in this market of shitcoins.
And this is why I am not dumping any more of my money on stupid Alt Coins. This is not an investors market. This is just a giant casino of chips that are worth less than garbage.
Now I'm only buying BTC.
I would also buy STEEM if it were not the bully's playground it is at the moment. If the bullies are kicked out the door, I'll buy some STEEM. But I don't see that happening so BTC is the only Crypto Currency I'm interested in.