let me redpill you on ICOs/new crypto projects/ etc . . .
crypto is a bubble, anyone with half a brain already knows that
remember the dotcom crash? towards the beginning of the end you had the most retarded brainless startups popping up in ameri, think dog food delivery bike courriers via email and so on
same goes for crypto
you have a million little ICOs and new coins appearing every month, but the ones that are worth long term investing in are probably less than 50
the investors who bought AMZN and GOOG early on made a shitload of money, the majority of bsrs who bought in hyped up shitstocks not so much
investing in crypto is not so different from playing with real stocks, you look at the team, who they are, how qualified, past projects, what companies they used to work for, the returns of these companies. you look at the technical specs of the coin, who endorses it (governments=good), what problems they solve, what marketing model they use (shilling on forums and social media=very bad)
you have to imagine a detailed picture of how the world will be in a few years and how one project or another would fit in this picture, this is taking into account geopol, future economic downturns or upturns, how lawmakers would react to come shitcoins' business model becoming mainstream . . .
in the end you make a large excel spreadsheet and map which projects are the most promising and you invest ONLY in those
>bro, you need t o see this nigga ! check out this new coin i heard about it;s gonna be be big i swear big money is gonna pour in: https://they.love.thelights.io
this is a conservative approach so you don't end up wasting your hard-earned money in a million hard to keep track of little projects that will amount to nothing.
sure a useless shitcoin could moon this week and you would hold me accountable for advising you not to drop some money on it, but what are the odds/how can you predict it/what are your returns if that's ur long-term investment strategy? that's pretty much gambling at this pointPost too long. Click here to view the full text.