I made a decent crypto purchase tonight and rememered that the luster of promising alt coins doesn’t compare to the peace of mind I have when choosing to remain focused on my larger cap holdings.
I considered get fancy with some trending plays that have been getting attention lately, but reminded myself that that’s what sheep do. Worst case, if I really find myself getting more interest in the lotto tickets, I can swap later.
While more risk equals more reward, I find that being invested in crypto is risky enough as it is. I don’t need to push the envelope.
While small altcoins attempt to disrupt and improve upon current blockchain/fin tech, many don’t last. I’ve seen many come and go.
Being in crypto for a while has allowed me to witness several cycles, and reinforce why it’s often easier to sleep at night when investing in more prominent options. I’ve seen many CEO’s come, pump, flop, and go. Hype and promise is infectious, but they are fleeting... and expensive if you buy it.
As we’ve seen with Tron and Steem, anything can happen in the smaller cap world where things aren’t as decentralized as advertised.
As you stock up for this potential new wave of a bull run, choose wisely. I prefer to follow the money, find solace in the adoption increase metrics, and see where real government and business is catching on.
The hype train will only take people so far. It’s easy up and hard down. When a true adopter base holds true support, and continues to attract new talent when times are tough, you can understand that certain alternatives are not where they are today by accident.
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It’s wise to be diversified, but its also wise not to chase pipe dreams because of a sales pitch.
I could be completely wrong, but I can’t help but prefer to follow the money.
@steemmatt