02-24-2022, 12:03 AM
I believe that a cryptocurrency’s value is mostly connected to its utility. So don
<!-- SC_OFF --><div class="md"><p>I mean most people I know joined cryptocurrency because of Bitcoin. And that’s actually logical, it’s the most famous crypto, and has the largest market capitalization and etc… but also a big number of individuals made their way here because they wanted to make a 100x from dog coins.</p> <p>Not gonna lie, Shiba and Doge made some decent amounts for many investors. And that’s kind of interesting. I’d probably have invested a small amount in these assets we were in green charts, as they’re fast to pump, but right now, these are the riskiest assets, and might even be unable to make a comeback when the market goes back to normal.</p> <p>I’m not against these coins, but most of meme investors would eventually end up blaming it on the market, and that a bear market is the reason they lost their money when actually it’s the weak fundamentals of the coin which couldn’t push it back up in terms of price. Meanwhile assets with actual utility will eventually be going back to life once the market corrects. I mean why doesn’t anyone FUD Ethereum? Simply because it’s surely going to bounce back no matter what happens. </p> <p>Not only Eth is bouncing back, but for example BitDAO is gaining big reputation these days, especially after the Bybit and Redbull racing deal which led to Redbull holding bags of BIT. I mean this kind of assets don’t get as much attention as memecoins, because they actually have something other than market to rely on. </p> <p>So I believe that one should be choosing their holdings wisely. Going into memecoins for the 100x is not always going to pay off.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Holiday_Big_964"> /u/Holiday_Big_964 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/szdyqq/i_believe_that_a_cryptocurrencys_value_is_mostly/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/szdyqq/i_believe_that_a_cryptocurrencys_value_is_mostly/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I mean most people I know joined cryptocurrency because of Bitcoin. And that’s actually logical, it’s the most famous crypto, and has the largest market capitalization and etc… but also a big number of individuals made their way here because they wanted to make a 100x from dog coins.</p> <p>Not gonna lie, Shiba and Doge made some decent amounts for many investors. And that’s kind of interesting. I’d probably have invested a small amount in these assets we were in green charts, as they’re fast to pump, but right now, these are the riskiest assets, and might even be unable to make a comeback when the market goes back to normal.</p> <p>I’m not against these coins, but most of meme investors would eventually end up blaming it on the market, and that a bear market is the reason they lost their money when actually it’s the weak fundamentals of the coin which couldn’t push it back up in terms of price. Meanwhile assets with actual utility will eventually be going back to life once the market corrects. I mean why doesn’t anyone FUD Ethereum? Simply because it’s surely going to bounce back no matter what happens. </p> <p>Not only Eth is bouncing back, but for example BitDAO is gaining big reputation these days, especially after the Bybit and Redbull racing deal which led to Redbull holding bags of BIT. I mean this kind of assets don’t get as much attention as memecoins, because they actually have something other than market to rely on. </p> <p>So I believe that one should be choosing their holdings wisely. Going into memecoins for the 100x is not always going to pay off.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Holiday_Big_964"> /u/Holiday_Big_964 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/szdyqq/i_believe_that_a_cryptocurrencys_value_is_mostly/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/szdyqq/i_believe_that_a_cryptocurrencys_value_is_mostly/">[comments]</a></span>Kind Regards R