Ok gotcha, so it's fine to just hold most of my assets in one of the exchanges' hosted wallets (would only be a few hundred $, maybe a few thousand tops).

Up to ten cents in Monero! Rolling in the cash!

Saw PizzaCoin. Right up my alley, but I really don't know how to evaluate these things.

What kinds of things should you look at to see if a coin is useful, or whatever metrics are used to determine if a coin is "good" or that just gets it public attention?

You can check out a coins twitter feed on coinmarketcap, usually coins with good updates coming up are a safe hold
I say usually because ive been holding lisk and watching absolute garbage coins moon

Normie mode: if the coin sounds cool or has a cool logo

I bought 100k woman coin because grrrrl powa

That would be a personal decision. I don't have much invested, so I have some coins I'm in, in wallets, and others on exchanges.

People are wary of exchanges because of what happened with Bitcoin and Mt.Gox: https://en.wikipedia.org/wiki/Mt._Gox, and because exchanges are prime targets for hackers.

This post was edited by Handcuffs on Jan 4 2018 09:32pm

Chad sleeps with a half mil on exchanges

1. Website (Does it say what the coin does/project it's used in? Do they have a white paper and roadmap? Do they have a developer team with their information?).
2. Active social media (Do they have a Twitter? Is there an active sub-reddit?)
3. What's the market cap in relation to circulating supply?
4. What's the trade volume?

If we looked at these with PizzaCoin, we would find that:

1. They have no website.
2. They have a Twitter that was last used back in 2016: https://twitter.com/thepizzacoin?lang=en, and a sub-reddit for it has two posts, one being from 6 months ago and another from 3 years ago: https://www.reddit.com/r/Pizzacoin/
3. Market cap is $3,539, even though the circulating supply is 1,377,917.
4. The previous point is explained by the 24 hour trade volume, which is only $56.

So, I would conclude that PizzaCoin is worthless and the only possible reason why someone should buy some is because they were early to some kind of rumor or news regarding the coin. At best, it'll only be a pump and dump for short term gains. Although, realistically, this will never happen with PizzaCoin.

Pizzacoin sounds very good thor, buy it all

I predict 1,000% gains overnight. Actually, it'll probably have even greater yearly gains than Verge, which grew by something absurd like %1,000,000.



The most of any coin I have on an exchange is 30,000 coins.