tonycarrera on Nostr: Meme coins like $Trump and $Fart coin don't make sense to me, and I find no value in ...
Meme coins like $Trump and $Fart coin don't make sense to me, and I find no value in them.
I felt the same about NFTs last crypto cycle.
I understand why people like them, but I don't participate as I see no value in them.
It's hard to watch things go from a low price to skyrocketing overnight.
As a non-professional investor, focus on what you understand, study, and believe in, not the latest trend.
Will I miss out on massive profits? Definitely, life changing in some cases. But I'll also avoid rug pulls and pump and dumps. I'm not a VC looking to invest 1% in 100 ideas, hoping for a few to be home runs and expecting losses on the rest.
The older you get, the less FOMO affects you. Experience from multiple market cycles is invaluable. Owning assets you believe in helps because you choose not to abandon your best ideas for new ones.
Want the thrill of "crypto"? Why not just buy and hold Bitcoin long-term? It's volatile enough lol.
To be completely honest and transparent, I'm not immune from FOMO. I've done it in the past and I still do it on occasion. It's rare but sometimes I'll put a tiny amount on what I think could be a dark horse. My success rate on these is near zero though and I know that it's basically a loss going in.
Not financial advice. You do you.
Oh, and good morning!
#PSA #NFA #trump #trumpcoin #meme #memecoins #plebchain #behumble #gm
I felt the same about NFTs last crypto cycle.
I understand why people like them, but I don't participate as I see no value in them.
It's hard to watch things go from a low price to skyrocketing overnight.
As a non-professional investor, focus on what you understand, study, and believe in, not the latest trend.
Will I miss out on massive profits? Definitely, life changing in some cases. But I'll also avoid rug pulls and pump and dumps. I'm not a VC looking to invest 1% in 100 ideas, hoping for a few to be home runs and expecting losses on the rest.
The older you get, the less FOMO affects you. Experience from multiple market cycles is invaluable. Owning assets you believe in helps because you choose not to abandon your best ideas for new ones.
Want the thrill of "crypto"? Why not just buy and hold Bitcoin long-term? It's volatile enough lol.
To be completely honest and transparent, I'm not immune from FOMO. I've done it in the past and I still do it on occasion. It's rare but sometimes I'll put a tiny amount on what I think could be a dark horse. My success rate on these is near zero though and I know that it's basically a loss going in.
Not financial advice. You do you.
Oh, and good morning!
#PSA #NFA #trump #trumpcoin #meme #memecoins #plebchain #behumble #gm