Another day, another coin (or two!)
Bitcoin was the original cryptocurrency when it launched in 2009. Satoshi Nakamoto’s whitepaper was groundbreaking at the time and heralded the dawn of a new era.
Fast forward to 2018 and now there are new cryptocurrencies being launched every single day. There are literally thousands of cryptos to choose from, but the problem is only a small percentage have a legitimate use case and a reasonable chance of succeeding long-term. Some are outright scams and others may have a genuine development team but will still fail, just like most start-ups do.
Cryptocurrency coin reviews
We regularly review altcoins here at Ultimate Money, so make sure you’re on our free newsletter list and our social media channels like Facebook, Twitter and Youtube to be the first notified.
Our coin review is a beginners guide that covers such topics as –
- an explanation in five words or less
- the team behind the project
- their value proposition
- how what they’re doing is different to Bitcoin
- the bull case – reasons why it may succeed
- the bear case – reasons why it may fail
- exchanges where you can buy the coin
- where you can do more research on the project
You can read our coin reviews and if the project interests you, go and dig deeper by checking out their website, whitepaper, Github, price charts, available exchanges and social media channels for the project.
Do Your Own Research is an essential concept for all facets of cryptocurrency, but is especially important when it comes to altcoins. Everyone has heard stories of 10x and 100x returns, but there’s also massive risk with many altcoin projects. Make sure you have done your due diligence and if you do decide to invest, it is important to use a conservative approach to risk management. Unless you have a tolerance for risk, don’t invest a significant percentage of your portfolio in speculative projects.
