RE: Saying NO: The Rarely-Spoken-Of Secret Sauce Of Successful Crypto Investing...
Theoretically, to me, what you say is sound, but I find it kind of difficult to put it in practice since the stablished projects are already high in market cap and growing potential is slow comparing to the new good ones that might replace in the future. Remember it’s tech which is risky and no guarantees... so I have to dig in many new ones before I simple say no ... of course there is a sure and easy ‘ NO’ for any clear sh*t coin or project .. but still the work is hard to discover the potential new hidden Gems for the future .. that cost time and stress and overwhelmingness sometimes ... overall, I like your article and it’s sure something to consider and remind ourselves ( about value added projects) not only everything about quick money !! However, it’s not easy for everyone to keep that value focus especially in this unfair world !
Well-said. Though for sure, some of the bigger we’ll-established still have significant upside potential. We probably won’t see 1000x on ETH or BTC this year, though it’s pretty safe to guess they’d still outperform any traditional investment vehicle.
Thus, the classic wisdom of a diversified portfolio - with well-selected constituents, of course. Hold a majority in the “safer” but still reasonably profitable options - while throwing in some newer ones with strong fundamentals.
Or not. To each their own. Though, that is what many might suggest - for valid reasons...