$6.3m follower assets
Investing vs Speculating
Source:Yahoo Finance
This is just a YTD chart and proves absolutely nothing. But, I have been trying to tell those near me that they should be looking at crypto projects that have utility or are already generating revenue as legitimate investments. Crypto.com is one of those that is generating revenue, but trades at $0.20-$0.40; while coins that either have zero utility, no revenue, are purely theoretical, or just outright scams, trade for tens or hundreds of dollars. With the blood shed happening in crypto right now, alongside the markets (just exponentially worse as usual) it’s nice to see $CRO.X is at least holding on. I tried to bring a fundamental analysis approach and use the same strategies, as much as possible anyway, to invest, rather than speculate, in crypto. While there clearly is no way to value these crypto assets, you can glean a great deal of info in a short amount of time and see if it’s even an investment, or just another lottery ticket.
If you speculate with junk coins that may or may not have a future, or the currency part of crypto; this happens relatively frequently📉💸👇😬
Source:Yahoo Finance
Source:Yahoo Finance
Source:Yahoo Finance
If cryptocurrencies are a matter of network effect, would it not make sense to simply buy the ones that have already exhibited the strongest network effects at scale? Like bitcoin.
@joeyhirendernath That's my approach. I hold a large portion of my net worth in Bitcoin. Nothing will dethrone BTC as SOV. I see 99% of cryptocurrencies as sh*tcoins that try to pump and dump their creators to a high net worth :D
Agreed. I hold BTC, ETH and LINK. Majority in BTC, I don't have the nerve to research all these Sh*tcoins popping up everywhere :D