FOMO EVERYWHERE! - People Are Buying Any Cheap Coin Like Crazy!

We all know that the Cryptosphere is sometimes a little crazy but during the last days it seems to me like a huge amount of money is flowing into any cheap altcoin out there without any real reasons other than pure greed. While scrolling through twitter or watching videos on youtube you´ll see that many like to call it "dumb money", which is probably not the worst description for it after all...

I actually think that Charlie Lee summed it up pretty good in one of his tweets in which he basically questions the legitimacy of a coin in its early stages to become Nr. 6 in regards to the market cap. I mean yes, there might be a real value behind those projects but the current values should really be questioned in my opinion and further investments should be done very very carefully!

I´ve been planning to use the current rise in SBD to build up some stakes in other coins as well but am now rather considering to put it mostly into Steem instead as that´s a project I really believe in and isn´t as overvalued as many others right now. I might be wrong of course but I rather like to play it a little safe than to loose my funds due to short term fomos.

What Do You Think About The Current Market?
Are You Still Buying In Or Are You Rather Cautious Right Now?

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