I actually wrote an article on this very topic, most people are blinded by hype and greed very easily unfortunately.
http://razorsforex.blogspot.com/2014/02/which-cryptocurrency-should-you-invest.html
Topic: The two most common forms of hype currently (Read 384 times)
Not sure who the first person to use the term "undervalued" incorrectly was, but I hate you.
If someone is claiming a coin is undervalued all over the forums, remember the term they're using. The coin is likely currently under the value they bought it at.
"But that's what they said about X" - x being Bitcoin, Litecoin or Dogecoin.
This is not an arguing point, it's proof AGAINST you. Remember, Bitcoin, Litecoin and Dogecoin are all exceptions to the rule of Crypto. Sure, try to find the exception... always do that in every aspect of life... but expect the general rule of thumb to trump your dreams.
Don't invest in coins because of hype, unless you get some insider info. You likely missed the boat leaving the harbor already and you'll drown trying to keep up.
If someone is claiming a coin is undervalued all over the forums, remember the term they're using. The coin is likely currently under the value they bought it at.
"But that's what they said about X" - x being Bitcoin, Litecoin or Dogecoin.
This is not an arguing point, it's proof AGAINST you. Remember, Bitcoin, Litecoin and Dogecoin are all exceptions to the rule of Crypto. Sure, try to find the exception... always do that in every aspect of life... but expect the general rule of thumb to trump your dreams.
Don't invest in coins because of hype, unless you get some insider info. You likely missed the boat leaving the harbor already and you'll drown trying to keep up.
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