09-05-2022, 03:17 PM
Many are simply not ready to let go off their failed investments and have become too
<!-- SC_OFF --><div class="md"><p>During the current market cycle it is very obvious that we are going to have a lot of projects die off simply because they go bankrupt or finally see that their financial model was always unsustainable. That's a very good reality check for those projects and their investors. </p> <p>But often the investor have become way too attached to the project and just can't believe that it has had its run and its over now. That's why it's very hard to be an investor and not have a big attachment to your investment as it could be necessary for you to give it up at any time. </p> <p>For example we had Harmony ONE now. It obviously seemed to have a lot of utility and good development but at the end its most likely over now, they got hacked for their funds and the Dev team is not as active anymore.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5wrpw/many_are_simply_not_ready_to_let_go_off_their/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5wrpw/many_are_simply_not_ready_to_let_go_off_their/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>During the current market cycle it is very obvious that we are going to have a lot of projects die off simply because they go bankrupt or finally see that their financial model was always unsustainable. That's a very good reality check for those projects and their investors. </p> <p>But often the investor have become way too attached to the project and just can't believe that it has had its run and its over now. That's why it's very hard to be an investor and not have a big attachment to your investment as it could be necessary for you to give it up at any time. </p> <p>For example we had Harmony ONE now. It obviously seemed to have a lot of utility and good development but at the end its most likely over now, they got hacked for their funds and the Dev team is not as active anymore.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5wrpw/many_are_simply_not_ready_to_let_go_off_their/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5wrpw/many_are_simply_not_ready_to_let_go_off_their/">[comments]</a></span>