Playing Crypto Roulette And Improving Your Odds! 💥 💥 💥

Does anyone else feel overwhelmed by the cryptocurrency market? I made these 3D illustrations as a reflection of how I see the crypto market. One day in the crypto market can feel like a week in the stock market or even a year. In the crypto currency market a 20 percent increase might not even make you raise your eyebrows! In the stock market a yearly 8 percent increase is considered fantastic ! The thing though with crypto currency is that it feels like playing roulette sometimes, so how do you choose the right crypto to invest in, and how do you improve the odds in your favor?

The stock market is established, there is often much information and also history that allows you to make a decision. The crypto market is so new, the technology is is so groundbreaking, it's not hard to compare the crypto market to the dot com boom💥 . A big difference however is that many of the cryptos are currencies, so it's very hard to compare because of this fact, the market cap can thus not be compared in the same way.

So in this new technology market where do you place your bet ? The market is flooded with new coins popping up weekly, so what is the probability that you will choose the right one and make the right bet ? Is it simply luck in the end that you choose the right one ?

I think there is some luck in a way, because just if some coin skyrockets right now it doesn't mean it will even exist one year from now, so your investment development return might not reflect the progress of the crypto but rather a huge hype of the coin in the very beginning.

So here is what I think is the key to play "crypto roulette" and keep the odds in your favor.

1. Keep your ears open 24 seven, because the market changes very fast. The coin you wanted to invest in yesterday might be obsolete today, atleast the general public will think so. The ethereum killer EOS will be met by the EOS Killer and then this killer will be killed by another coin. It feels like each crypto has targets on it, and it's important to know what kind of technology is out there that can change the faith of your favorite coin in an instance.
2. Don't just listen to others. Do you know the saying: " Some people make things happen, some people ask what happen, and some ask what the hell happened?". If you are always listening to what others think instead of doing your own research you will always be a step behind. If you are truly interested in the market make your own research to stay one step ahead.
3. Consider the value of the coin. This is essentially key. Think of the value not only for the user but also for investor. For example, is there any incentive for the investor to keep the coin long term ? I like coins such as neo for example as you can collect gas if you hold the coin, the earnings from gas you can use to buy more Neo or other crypto. This might make you consider holding the coin even if it goes down in value momentarily!
   The quantity of the coin supply of course is also important. When talking about vale of course the most direct thing to study is what value will it have for the market and how will it be advantageous to other technologies or coins ? By considering value you can more easily make a long term investment.
   For me I love steem because the technology is fast, transactions are free, it has first mover advantage. It is up and running and not just an idea on a paper. The number of daily transactions of steem is one of the highest or all cryptos ! I don't have to guess if it will be a good coin I can see it with my own eyes ! So for me playing "crypto roulette" the bet is easy- I put my coins on Steem !
   
   This is not financial advice .