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If you're not retiring next year, I wouldn't micro-manage this stuff.
I wouldn't say that is micro managing. He just trying to time the market.
Asset allocation is a much stronger driver of returns than security selection.
You've got to research research research. There is a bubble. The bubble is this massive amount of coins. However, some of these coins are going to succeed. It's not just going to be one.
Some questions you need to ask yourself when investing in an altcoin
1) Does this new coin fill a need that others don't?
1a) Is there high demand for that need/niche?
2) Who's behind the coin? The CEO, the devs, the marketing team.
3) What's their business strategy?
4) Where are they at in their development? Have they launched a working platform? Are they still in their conceptual phase with no product? Do they have a beta out?
5) What's the community consensus around "insert coin here"?
With your example of litecoin vs ripple, ripple is a crypto for financial instituions to provide instant liquidity between them with no fees. It's not really meant for retail consumers. Litecoin is a superior version of bitcoin in that it's designed for the individual user, is nearly instant and has low fees.
Power Ledger (POWR) is going to be a currency tied into the emerging smart energy power grid for buying, selling and trading renewable energy. Don't ask me how it works, I don't know. lol.
Substratum (SUB) is trying to build a decentralized internet where people that host their network get paid in SUB for the use of their computer's resources. People use the SUB coin for access to a decentralized internet that cannot be censored or controlled.
IOTA is the next evolution of block-chain in that it makes the block-chain obsolete and is not actually a block-chain. It is instant and has no fees. The developers are based in Berlin. The company wants IOTA to eventually be used as the currency for the internet of things.
Ethereum is a decentralized app building platform, with ether being the fuel used to power the network.
What I'm getting at here is these coins arent just made for the purpose of currency. They have different tech behind them and are seeking different market niches. Be wary of a new coin where its only goal is to be used as currency.
Thanks for that.