Cryptocurrencies are like stocks

Something that lots of new entrants to the cryptosphere don’t understand is that the coins and tokens we (sometimes blindly) invest into, are like stocks. We are directly investing into an idea, a solution to a problem, a product, or all of the above. It is vital to do your due diligence in researching what each individual coin represents. I wish someone would make a consolidated website with a little blurb for each coin so new people can at least get an idea of what they’re investing into, rather than blindly throwing money at coins like darts on a board.

If I cannot explain to a friend in less than 10 seconds what a coin represents, then I shouldn’t be investing in or recommending it. In order to be able to do that, you should read whitepapers, projected road maps, the team’s social media accounts, and get different opinions from other investors.

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