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Anyone reading this, please spend at least a few minutes considering an alternative investment approach: In my opinion, most HN readers are technical enough tha
by drcode 9y ago
Anyone reading this, please spend at least a few minutes considering an alternative investment approach: In my opinion, most HN readers are technical enough that if they read up on the top 10 coins they would find that quite a few of those coins have extremely unconvincing future prospects- I won't name names, but several of the top 10 coins are (in my estimation) based on EXTREMELY UNCONVINCING ideas.
Before jumping on an index fund, a person on HN should at least consider the possibility that they may be better off doing some homework and reading up on the top 10 coins and then only investing in those that have a convincing technological basis- Index funds are not always a sensible strategy for markets that are as new as the cryptocurrency market, since proper price discovery in asset markets is a slow process that requires time.