Your post reminds me of something, from times gone by, pre-crypto days. A friend of mine worked for then Dean-Witter Reynolds, the big brokerage firm... his whole thing was "KNOW who you are, as an investor."

Back then, people were chasing around after off-exchange OTC stocks referred to as "pink sheets." Most it was a big game of losing money... because everyone was looking for "the next hot thing." He refused to call these people "investors," he called them "lottery players."

Much like cryptos now... and what you're describing... the market is filled with lottery players. And that makes the market unstable... people chase the next "I heard XYZ is HOT!" rumor and everything goes sideways.

How many actual investors are in the crypto market? People like us who hold Steem because it's based on solid technology and had something potentially game changing for the world... how many are there because "I heard Steem is a hot ticket!"... till next week?

Day trading is a whole different thing... but then you're a total expert on one or two securities and know what happens to the price when it rains in Dallas.

Our memories are short. At the moment, new cryptos sound a lot like another thing that once happened... people are almost frantically buying into anything that has the word "blockchain" in the description, like they once blindly bought into anything with "dot.com."

I think it's wise to pause and look at the fundamentals.

Have a good time watching the eclipse!