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RE: Irrationality In The Wild West Of Crypto: Hype Vs. Substance, Crazy Market Capitalizations, And The Destiny Of Bitshares And Steemit...
Value investing isn't in style right now in the crypto space. TRX was actually valued over $17B at one point. If that's possible, then a few of these altcoins are going to make me and others a lot of money. The bubble is just getting started right now and we are going to see a lot of stupid valuations before the year is over. I'm still holding my Steem and Litecoin, but I'm not expecting big returns on those anytime soon. I like SUB, LEND, POE & LINK to easily return 10x+ at these valuations and this market environment. Then I can buy more Steem, Bitshares & LTC with the profits. Thanks for the article!
When people talk bubbles they should keep in mind that the bubbles are NOT crypto-wide but instead are more focused on specific cryptos at various times. Some cryptos values are actually quite accurate, but others are in literally la-la land. Will be interesting to see how this all plays out over the next few months.
PS LTC is about to do some CRAZY shit in the coming months (beyond what most people could possibly expect), and I personally feel it is currently the most undervalued crypto in the top 10 (by far)... if not yet, it will be very soon.