RE: Coinmarketcap is a BEAST! Coinmarketcap is a MONSTER! Now in Top 500 Traffic Ranking.
One of the reasons why i tend to stay away from crypto vloggers.. well except this one coz at least hes being upfront with it and its actually quite hilarious. And yes, I've come across quite a number of enthusiasts that only focuses on the price point per coin without taking into account the network value (derived from the supply cap).. anyway most experts even have trouble trying to understand the fundamentals, and most dont even know whats going on with the crazy valuations! I think it's also quite difficult to try to bring traditional knowledge to try to make sense of things. Personally i think crypto valuations are more like futures, and most cryptos are in the realm of the collaborative commons.. but those price spikes can only be the work of folks piling on despite buying at what seems to be the peak when it happens, which is truly a fomo phenomenon, dreaming of crazy returns
i agree, it's very hard for a traditional investor. I'm personally a typical buy and hold value investor with some basic knowledge to find value. In the crypto scene it's for me currently more guessing or simply higher risk than in the common stock market. But if you not follow the herd and do your homework without fomo then i think it is possible get at least a sense what's worth for a deeper look and what's not. For me i trying first to sort out what's a typical asset or base technology for many applications, what's their unique selling point in comparison to established assets and then what's a typical coin built on an existing asset and what's their unique application. But that's just the peak of the iceberg.