Blockchain: Chasing Crypto Fads or Value?

The crypto market is always evolving. Things change fast and trading can get ahead of itself. Fads can prove to be very profitable if you have the stomach for the volatility. But long term value may prove to be the winning trade.

Right now it seems that the Doggy trade is where it is at. Any token that is also associated just by name alone is soaring. Perhaps it is guilty by association. Traders and people will buy anything.

Yet, we have to be very careful when it comes to chasing fads. Fads tend to attract hot money flows but also thieves. These crooks will create just about anything to separate you from your money. Right now I’m seeing some tokens that are just down right scammy.

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Many of these tokens exist on ETH. And of course people are trading them. For each their own. Yet, I advise everyone to be cautious and vigilant. You don’t want to become a bag holder of a worthless token.

This is where the concept of value comes into play. If your not a momentum trader then value is what you are searching for. And there are many crypto projects right now that are creating value. We just happen to be blogging on one of them in Leo Finance.

Value is what will exist after the pump and dump artists leave. Value is what the market cannot take away from you. And value will be left standing after all the shady projects get flushed out. Hot money flows move quickly in crypto land.

I’m writing this post because I see a great deal of posting relating to various pump and dump projects. And people have the right to post whatever they choose. I just want to be the voice of reason. Sometimes people can get caught up in the FOMO of it all.

Now I’m not saying some of these projects may soar thousands of percent. They may very well do so. But they may also go to zero. That is the danger in chasing fad tokens. And it can happen at a moments notice.

Avoiding FOMO is tough for everyone. But using a little common sense can go along way. Seeing the bigger picture can also help. And ask yourself if there is value or promotion behind the token?

Now, the exception to all of the hype is community. A strong community and years of track record can prove to be very valuable in the crypto sphere. The network effect is very real. And we are seeing this confirmed via some projects.

So be careful out there. There are many wolves in sheep’s clothing that would love nothing more then to take your money. As crypto adoption begins to accelerate we will see more millionaire stories. But we will also see many bag holder and rug pulled stories as well. Be part of the former and not the latter. :)

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