There is a huge difference between organic growth of a coin, and having someone on the internet tell you "let's buy a low volume coin and hodl it and shill it so we can all make money somehow"
I'll enumerate some of those differences here.
Firstly: Coins that grow organically tend to have active developers and great communication to those who follow the coin. The last tweet on ChainCoin's twitter is talking about their live funding over 1 month ago... (Source: https://twitter.com/chain_coin)
Secondly: Coins that grow organically tend to stick to their roadmap, or update everyone when goals are not being met or are being pushed back. ChainCoin has not met several of its Q2 2017 goals and has not updated its roadmap to reflect this (Source: http://www.chaincoin.org/development-roadmap/).
Thirdly: Most great coins will have an active github. ChainCoin hasn't had any changes to their git for over 2 months now (Source: https://github.com/chaincoin/chaincoin)
Fourthly: Most alt coins have slacks in which investors can talk to the dev team and ask get updates! ChainCoin, however, does not have an open slack group (Source: Try entering your email here - https://chaincoin.herokuapp.com/invite)
I have done my due diligence, I've been investing in cryptocurrencies for years, I've seen monstrous rises and falls of other currencies. I know what a good dev team can do with an idea, and how it can positively affect my portfolio. What I can't see, is how youtubers can shill a coin, get a bunch of people to buy it, and then claim it will reach 100 dollars which would push the market cap of this coin with lackluster dev and commication to over 1.5 billion (pushing its way to the top 5 coins in existence at this point).
I don't control anyone's money and anyone is free to put their money in this coin. But it sounds like most people didn't do any due diligence but decided to listen to a youtuber say "FREE MONEY" and poured their assets into it.
Wow. Honestly, I think you should put this comment in the main post...
Of course anyone is free to put their money in whatever coin they choose, but consider this: someone new to cryptocurrencies comes along and takes a look at it all. It's an exciting time, and they get pumped, and they wanna put money into it. They don't have that much experience yet so they look for advice from people who "seem" to know their stuff. Based on their inexperience they're easily swayed by comments and end up buying into a scam because they didn't don't do their due diligence because they just don't know how (yet). Your comment with that breakdown would help a lot of people...
Thanks I'll make another post, that's actually really encouraging to hear because it seems like everyone is looking at this post and thinking I'm a fool because they're all already part of the bandwagon :).
--edit-- I didn't know there was an edit function so I will just edit my original post
You can lead a horse to water, but you can't make em drink.
This is why I hate this platform... Whales promote garbage threads yet things people need to read is stuck in the either... I can only upvote you and say I AGREE. There are many here looking for answers, not just looking for diary entries...
Hey, just want to post here a few month later, just to point out how right you were. this shows you know your stuff, github doesnt shill and chaincoin is a dog