04-05-2021, 01:11 AM
If you want to make stupid sums of money quickly in crypto, start thinking stupidly,
<!-- SC_OFF --><div class="md"><p>That is how these markets are working right now. Pure herd mentality, right off of a cliff probably / eventually. Figure out what will attract the stupidest investors and then pile in and pump the hell out of it. </p> <p>It is all a bit reminiscent of the 2017-18 mania. And definitely of penny stocks.</p> <p>Shitty projects with limited fundamentals are posting gains that defy logic, while solid projects languish for a while. This condition is not permanent, and will be ameliorated as more professional and smart money enters the space...or as the stupid money grows tired, eventually loses most of it, and exits crypto- only to buy back in solely into ETH or BTC several months later because they are tired of getting "burned."</p> <p>Will that happen in 3 months, 1 year, or 2 years? I don't know, but it will happen. This is the way of any emerging market / asset class.</p> <p><em>Personally, I'm here to invest for the long term, so I could care less what the token of the week is. My sanity, and ability to sleep at night, are more important to me than trying to chase a quick buck.</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mrsenthil"> /u/mrsenthil </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjrq07/if_you_want_to_make_stupid_sums_of_money_quickly/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjrq07/if_you_want_to_make_stupid_sums_of_money_quickly/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>That is how these markets are working right now. Pure herd mentality, right off of a cliff probably / eventually. Figure out what will attract the stupidest investors and then pile in and pump the hell out of it. </p> <p>It is all a bit reminiscent of the 2017-18 mania. And definitely of penny stocks.</p> <p>Shitty projects with limited fundamentals are posting gains that defy logic, while solid projects languish for a while. This condition is not permanent, and will be ameliorated as more professional and smart money enters the space...or as the stupid money grows tired, eventually loses most of it, and exits crypto- only to buy back in solely into ETH or BTC several months later because they are tired of getting "burned."</p> <p>Will that happen in 3 months, 1 year, or 2 years? I don't know, but it will happen. This is the way of any emerging market / asset class.</p> <p><em>Personally, I'm here to invest for the long term, so I could care less what the token of the week is. My sanity, and ability to sleep at night, are more important to me than trying to chase a quick buck.</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mrsenthil"> /u/mrsenthil </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjrq07/if_you_want_to_make_stupid_sums_of_money_quickly/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjrq07/if_you_want_to_make_stupid_sums_of_money_quickly/">[comments]</a></span>Kind Regards R