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0 pointstotalZero4y ago0 comments

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.

0 comments

WalterBright4y ago

More simply: "Betting with the momentum works until it tanks."

jjeaff4y ago

Or (C) you don't have a crystal ball that tells you when to get out before the inevitable collapse.

j / k navigate · click thread line to collapse

0 pointstotalZero4y ago0 comments

Change that to "95% of crypto investors don't understand crypto" and you've got it.

0 comments

WalterBright4y ago

More simply: "Betting with the momentum works until it tanks."

jjeaff4y ago

Or (C) you don't have a crystal ball that tells you when to get out before the inevitable collapse.

j / k navigate · click thread line to collapse