Hello Hive.

There are as many crypto projects flying around the crypto space and hive blockchain in particular since it is also a decentralized systems that gives people with potentials the privileged to carry out their own personal projects.

The more projects you look forward to adopting, the greater risk there is for your finances since you can never know it all.
And even after investing so much in a project that you have read the whitelist and so much trust it organizers, some of these projects still fail.

I have had my own fair share of this experience.
During the bull markets, it is possible for some tokens to enjoy some good pump and hold a pleasant value but most tokens do not stand the test of a bear market and if its team have not found a successful way to uphold its value it get washed away with the tide.

I have bought into numerous projects on hive-engine and now regret it, its a bitter experience but I did learn some good lessons here.

If you have missed out of a tokens airdrop or a good buy price the best thing is to look for cheaper ways to earn this tokens such that it doesn't hurt much if it experiences some wavering effects. Placing a huge value into acquiring some layer two tokens may not be worth it in the end.

The best parts of the layer two tokens for me have been the Leo token and so many other community token where you can simply blog to earn or earn these tokens doing some other task on the blockchain.

And sometimes looking at the team behind the development of a project you may wish to acquire a good some it it.
There is some other options where you can wrap, or trade other less performing tokens to leo and hold unto projects you know about.

I have seen people wrap other tokens to hold as much of a project they are sure of and this is a good way to avoid excessive financial loss investing in token.

Posted Using LeoFinance ^Beta