(tags): #bitcoin #coinbase #litecoin #cryptocurrency #halpplz

@zacanger @iAmNoah, any advice?

@zacanger Wow, this is a tough one. Why? Because as of right now 801 indexed cryptocurrencies. Where to start? Do you mean, which currencies are the ones to look out for, or are you looking for a larger understanding of the current cryptoeconomics culture? Maybe both? Wow. Well, in short, it's imperative to understand that altcoins (currencies NOT bitcoin) are ~56% of the overall market; ergo, it is important to know why that is, and then which are the drivers of altcoins.

@zacanger PART 2
I'm either too tired to explain properly atm, or Mastadon is not a good medium to explain such things; maybe a bit of both?
Since altcoins are so important, I like to ask myself these two Q's when researching new altcoins: 1) What technological innovations is this coin/underlying blockchain tech achieving, and 2) what social innovations is this coin achieving? Cryptocurrencies are deeply rooted in both technological AND social innovations.

@zacanger
PART 3
Because such innovations are imperative for understanding the explosive growth of cryptocurrencies, it's also necessary to speculate which coins may take off ahead of others.
I'll give you a tip that appears to me to not be so quickly grasped. Check out the circulating supply of a coin; the higher the supply, usually much the price. Bitcoin sought to add genuine scarcity to coins (21mil coins), and many coins now are purposefully ridding scarcity as an incentive

@zacanger
PART 3
Because such innovations are imperative for understanding the explosive growth of cryptocurrencies, it's also necessary to speculate which coins may take off ahead of others.
I'll give you a tip that appears to me to not be so quickly grasped. Check out the circulating supply of a coin (coinmarketcap.com); the higher the supply, usually much lower the price. Bitcoin sought to add genuine scarcity to coins (21mil coins), with new coins added over time.

@zacanger
PART 4
At this point, many altcoins are flooding the market with circulating supplies in the BILLIONS right from the beginning of the currency's history. These coins tend to underperform in the market, although they are not purposeless.
In short (I'm tired, so I'm wrapping up -- feel free to ask more Q's for another/any time), altcoins are over half of the market, so you must look into the ones performing well, and understand why. Look at circulating supply -->

@zacanger
PART 5
of altcoins, and try and get a feel for what's going on. Afterwards, speculate into which altcoins you feel would follow the successful trends of other altcoins. Find a few (diversify your portfolio -- maybe 3 altcoins). Follow your altcoins, and learn more about them. Aim for short-term investments here.

Also, invest in Ethereum and bitcoin. Bitcoin should be a lower investment, and invest more in Ethereum. At this point, it's all about the greatest returns.