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At least within my bubble, the people I know who spend the most time trading cryptocurrencies hold no illusions that cryptocurrency and utility tokens are actua
by PragmaticPulp 6y ago
At least within my bubble, the people I know who spend the most time trading cryptocurrencies hold no illusions that cryptocurrency and utility tokens are actually useful. They approach it like a game: Try to spot the next big hype cycle before everyone else, then try to exit the trade before the hype dies out and the price retreats.
It's like trading stocks, but without any fundamentals or underlying value to interfere with the "to the moon" narrative.
- andrepd 6y agoThere are definitely fundamentals, there's no point pretending that there are not. But at this point it's now buried under mountains of hype, and has balooned to many times its reasonable price (again, reasonable in terms of fundamentals/utility, not speculation).