Are you going to Crypto fair? Reflection #5

By Bill DLucas | Reflection | 19 Jun 2021

Are you going to crypto fair? Altcoin, Tokens and DeFis.

Finding the next investment may not be the easiest task. At conventional fairs we find fruits, vegetables and herbs, but as we are not silly, we do not let ourselves be taken in by our appearance. As in conventional fairs, the crypto market presents us with several currencies. Some have good looks and good purpose, but they are a time bomb. There are still those that look good, but in the end they are just traps. That's why we lightly squeeze fruits and vegetables at fairs. If it's too soft, it's probably already spoiled. If not to squeeze and take the appearance we will be falling into the trap of what we see.

There are more than 10 thousand existing cryptocurrencies. So how do you know if the projects are good? How not to fall into the traps? What should we really consider when buying a currency? These are pertinent questions. Let's see. Sometimes we find ourselves with clichéd projects, it has exactly the same proposal as other projects, except for one sentence or another in the project. Luck! You ask me luck and I'll answer you too. For who would have thought that a "memecoin" could hear the praise of a billionaire and become, according to coinmarketcap, one of the most valued and most interesting currencies on the market.

But we can't just rely on luck. Tact. But how can we tap a virtual currency. Simple; good sense. Sometimes we get carried away by emotion and we are enchanted by a project and we get along badly. But with a little tact and luck anything is possible. And let's not forget to diversify. Lately I have noticed a different movement in this market. I will use the example of the currency distributed by this site, the AMPL. While the BTC falls, the aforementioned currency rises. When BTC rises the AMPL falls. People are turning to "safe currencies" The Cryptomarket is evolving.