What does it take to make a good investment decision in a super hyped market?
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Re: What does it take to make a good investment decision in a super hyped market?
#2I mean when you consider the fun/decadent website I linked and all the great looking ICOs competing mostly on the basis of "let's raise millions and try to disrupt this and that and see if it actually works". I assume most of you guys and gals are not deep in the crypto space. Is that correct? What's your educated opinion on the crypto/blockain technologies? Is it, in your opinion, really like witnessing the emergence of the world wide web?
Re: What does it take to make a good investment decision in a super hyped market?
#3There's three things you can do with a super hyped market.
1. Stay far, far away.
2. Believe the hype.
3. Don't believe the hype, but try to make some money, and then get out before it all falls apart. This tends to get converted into 2 in your own thinking, because you're making all this money for a while.
The safe option is to stay out. Yes, you may miss some gains. You should still have a shirt left at the end of the day, though.
Re: What does it take to make a good investment decision in a super hyped market?
#4If you are new to the market, your best bet is not to make any investment - otherwise you are just playing the lottery.
You are way way too late to the crypto party - wait a few months, almost a certainty you can buy whatever you want cheaper. Insanity reigns right now.
Re: What does it take to make a good investment decision in a super hyped market?
#5If you are new to the market, your best bet is not to make any investment - otherwise you are just playing the lottery. You are way way too late to the crypto party - wait a few months, almost a certainty you can buy whatever you want cheaper. Insanity reigns right now.
I am "old" to the market. But I was interested in an out-group view.