The art of Picking the winners by meno

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· @meno ·
$48.58
The art of Picking the winners
<div class="text-justify">
Possibly just about everyone is beginning to ask themselves if they've chosen the right horse to bet on. After all, it's obvious this <b>bear markets</b> is really testing everyone's conviction, from the developers whose funds are running dry, to the communities, who are struggling to remain enthusiastic. 

<center>
<img src="https://i1.wp.com/smartoptions.io/wp-content/uploads/bitcoin_reality_check.jpg?fit=900%2C675&ssl=1">
<a href="https://i1.wp.com/smartoptions.io/wp-content/uploads/bitcoin_reality_check.jpg?fit=900%2C675&ssl=1">img src</a>
</center>

<h1>There goes another shitcoin</h1>
Even though the term <b>shitcoin</b> is somewhat memetic, it does describe <b>value</b> very effectively. After all, how many coins are just generic github clones with not much more than a revised logo? Truth be told, it's easier to count the coins that <i>might</i> not die, rather than the ones that surely won't make it.

There is a particular website that comes to mind, one you may or may not know, but it's worth keeping somewhere in your crypto bookmarks: <a href="https://deadcoins.com/">Dead Coins</a> - a comprehensive list of what we could rightfully call a shitcoin curation effort. All the infamous ones are there, including of course <b>bitconnect</b>.

I've been asking myself today how many coins are getting added on there daily, with what speed has the list increased it's speed of growth, etc. If for nothing else, because the idea of someone of a group of people attempting to keep track of the carnage is fascinating to me.

<h1>But, what about the winners?</h1>
<b>Nobody, and I do mean NOBODY</b> can make a single guarantee, and I would not <b>bet</b> my life in someone's opinion. That being said, there is some logic to the way things have been working out, even if we don't like it per say.

People equate the crypto bubble to the dotcom one and rightfully so. If you were to look at the <b>bust cycle</b> of the time, if you were to imagine the sheer pain that someone holding "a bag" of amazon stock for example, would have felt when it tanked over 90%, then you begin to create the picture of what it means to <b>trust your gut</b>.

<center>
<img src="http://cnnmoneybuzzblog.files.wordpress.com/2013/01/buzz-internet-stocks-bubble-blog.jpg?w=614&h=400">
</center>

But, it wasn't only one horse that made it of course, a few did, and if you would have picked any of the <b>tech giants</b> before anyone saw them as such, imagine where you would be today. 

So, the question is simple yet extremely complicated: <b>How do you pick?</b> Yes there are thousands of <b>"experts"</b> out there, describing how their coin is going to change the world, but who can you trust? Who should we trust? - The only answer I have to give is not too comforting; <b>trust nobody</b>, trust only yourself.

What do you know? What do you still have to learn? Why are you fearful? Why are you brave? What motivates you? What makes you feel empowered, defeated, inspired or depressed? Ask yourself these questions over and over, because if you keep on looking for answers outside of you, with no skepticism, waiting for someone to give you the winning number, you are likely to get burnt.

https://steemitimages.com/DQmW2fijoxrybX3Kg83HCgZZmZwF8SujXWvr3tn8YCUPCsw/meno%20logo.png
</div>
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 217 others
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@tipu ·
<b>&#127942; Hi @meno! You have received 0.1 STEEM reward for this post from the following subscribers:</b> @cardboard <br><a href="https://steemit.com/steemit/@tipu/tipu-subscribe-feature-guide" rel="noopener">Subscribe: automatically support your favourite steem authors :)</a>
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@tobixen · (edited)
$0.06
"Trust nobody than yourself" ... I'm not so sure on that one.  One pretty much has to ask others and listen to others.  To decide if a "coin" has merit, it's needed to look both at the code, the white paper, economics, partnerships, the team, the business plan of the team, the potential competitors, the market situation ... a single person can only do so much.

Success hinges on many factors, and perhaps "word of mouth" is the most important one.  Over a time frame of a month or even a year, it's possible to get massively rich if getting in and out at the right time, regardless of weather the technology is sound or not.  However, one should by average expect to go in minus if trying to "get the timing right on the right coin".  For a *sustained* value it's important not only that people "invest" in the coin, but that they actually try to *use* the product and actually find the product useful.

I must admit, I've sort of given up.  Steem is the only blockchain technology I'm actually using actively at the moment.  To be honest, I see no long-term future of the "flagship", Bitcoin.  It will be superseded by something at some point - and I hope it will be superseded by something better.
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vote details (3)
@meno ·
My rationale for being steem bullish has more to do with the need of uncensorable information and the crazy community that just won't quit, than anything else.  It's not just because of the tech or SMTs, yes that sounds promising, but that alone would not make me a steem bull.
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@mstafford ·
> Steem is the only blockchain technology I'm actually using actively at the moment. To be honest, I see no long-term future of the "flagship", Bitcoin. 

I second both of these points. Other than being, more or less, the only way in/out of the various "crypto" projects, I haven't used bitcoin for anything, and don't really see much of a use-case for it. Steem is the only "coin" I've been using *at all*, and that's really the main thing about it that makes me optimistic about it.

I've seen some interesting things floating around about RavenCoin -- and they seem to be handling this ruthless market about as well as any project out there.

It's a shame that everything seems to be intrinsically linked w/ BTC -- as it's dragging everything down with it (though, down from a [what appears to be an illegitimate ATH](https://hackernoon.com/a-brief-history-of-bitcon-cf358da30bf0))
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@tts ·
To listen to the audio version of this article click on the play image.
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@jongolson ·
$0.03
i trusted my gut in early 2018 and got out of most the coins i was invested in. 

not so much because of their potential shitcoin status but simply...i didnโ€™t understand most of them. 

i was attracted to the flash and dash of the crypto โ€˜sure betโ€™ and wanted to put my hands in everything. 

for me the best decision was to focus. i. literally only in bcb, btc, ltc and of course steem

everything else might be the real winners down the road. but for me. i had to โ€˜understandโ€™ the project to remain invested. 

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@meno ·
precisely, and understanding it to a deep level makes you not sweat the market variations as much...
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@jongolson ·
exactly. up or down. my beliefs in these projects hasnt changed. 

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@newageinv ·
$0.03
The fact is that blockchain technology will not go away so it is more of a matter of watching the trends of those projects that are able to execute their roadmaps, avoid regulatory issues and improve on their adoption rates.  Even many of those in the Top 100 will fail ultimately!

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vote details (1)
@kevinli · (edited)
$0.03
I really dig your blogs, meno. It's always quality and topics I dont normally have a lot of knowledge in.  Cheers mate!

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@meno ·
thank you for reading mate... cheers

:)
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@rhyscn ·
$0.03
Much better to die fighting your own battle than fighting the battle of others.
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