03-26-2023, 10:50 AM
Unfortunately, for profit purposes, a project with hype and traction is more importa
<!-- SC_OFF --><div class="md"><p>Greetings from Portugal.</p> <p>Unfortunately we see everyday that in the cryptospace, there are a lot of good initiatives that fail simply because no one is interested in continuing with them.</p> <p>No matter how hard you try to do good research, to find the next crypto gem, even when "all the dices match" the project can still fail no matter how good or useful it is.</p> <p>Of course fundamentals matter and should be the most important, but they won't tell you what will happen in the short term. Over a period of months some sh*tcoins will do really well because in that time frame it's just a popularity contest.</p> <p>And over the long run quality will win out, but it's really frustrating seeing a project that you spent a lot of time studying the fundamentals going red and a meme coin going 3x.</p> <p>I would love to hear the community thoughts on this!</p> <p>Thanks!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Not_a__Lawyer"> /u/Not_a__Lawyer </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1221dw9/unfortunately_for_profit_purposes_a_project_with/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1221dw9/unfortunately_for_profit_purposes_a_project_with/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Greetings from Portugal.</p> <p>Unfortunately we see everyday that in the cryptospace, there are a lot of good initiatives that fail simply because no one is interested in continuing with them.</p> <p>No matter how hard you try to do good research, to find the next crypto gem, even when "all the dices match" the project can still fail no matter how good or useful it is.</p> <p>Of course fundamentals matter and should be the most important, but they won't tell you what will happen in the short term. Over a period of months some sh*tcoins will do really well because in that time frame it's just a popularity contest.</p> <p>And over the long run quality will win out, but it's really frustrating seeing a project that you spent a lot of time studying the fundamentals going red and a meme coin going 3x.</p> <p>I would love to hear the community thoughts on this!</p> <p>Thanks!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Not_a__Lawyer"> /u/Not_a__Lawyer </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1221dw9/unfortunately_for_profit_purposes_a_project_with/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1221dw9/unfortunately_for_profit_purposes_a_project_with/">[comments]</a></span>