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Change that to "95% of crypto investors don't understand crypto" and you've got it. Betting with the momentum works unless (A) you're a latecomer to a ponzi sc
by totalZero 5y ago
Change that to "95% of crypto investors don't understand crypto" and you've got it.
Betting with the momentum works unless (A) you're a latecomer to a ponzi scheme, or (B) there's a reversion that catalyzes longstanding doubt about an asset that has enjoyed a bull run. Both of these cases may well be applicable to a large portion of the overall crypto marketplace.
- WalterBright 5y agoMore simply: "Betting with the momentum works until it tanks."
- jjeaff 5y agoOr (C) you don't have a crystal ball that tells you when to get out before the inevitable collapse.