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Right now, the prices of cryptocurrencies are very dependent on belief and speculation. People are investing in coins without understanding the underlying philosophy or use cases. They simply see prices going up and pile on. As a result, there are wild swings in prices between different cryptocurrency projects. Bitcoin was way up, then Litecoin exploded, and now Ethereum and Ripple are making a run.
As various coins charge up and down the charts, it’s easy to get lured into a fear of missing out. Watching Litecoin go up makes you question BCH. Watching Ethereum makes you wish you bought earlier. It is easy to lose sight of the long-term in the short-term ups and downs.
A lot of people will make a lot of money by correctly predicting what the money of the future is, but that is insignificant compared to the benefit of cryptocurrency in the long-run.
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