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Ask HN: How do you spot trends in Crypto before it blows up?
- multimedial 5y agoYeah. I am practicing old skool trend following, yet would be interested in the same topic. Sadly, I believe there is no silver bullet for that, the blow-ups seem to be rather chaotic, at least on the short to midterm basis. Whereas for mid- to longterm trends, this usually correlates somehow with the technical „backup“ or substance that is provided for a given project: - does the project have a clear vision? - does the project have its own technical platform (its own blockchain for instance)? - how innovative is the project? Projects like Ethereum, Cardano and Polkadot for instance do have a higher probability (!) to grow in my opinion, as they have significant technical knowledge and expertise under their belt.
- 248ff 5y agoThe same way you spot them in tech-stocks. When projects that don't deserve attention/funding receive a lot of attention/funding then you are in a bubble. A good recent example of that is the doge & NFT hype.