In the last two weeks there were numerous threads going on about how Nano is done for because it got kicked out of the top 100 coins.
Two of those threads went on to amass thousands of upvotes.
Really weird, if you ask me. At the time I contended that:
Top 100 list is irrelevant in our new market cap. A bunch of the top 100 are wrapped tokens, or stablecoins. Furthermore, giving a shit about top 100 placement is like only investing in the top 100 stocks.
Each cycle has a trend that it follows, and those trends don't change underlying fundamentals. In 2017 it was all about "BTC killers" and ICOs. Nano mooned as a BTC killer. This year it was all DeFi, NFT and memecoins. Nano still went up like 20x, but nowhere near its 2017 levels.
Over the last year, Nano has been in and out of the top 100 so many times I've lost count.
Just as falling out of the top 100 last week is irrelevant, Nano being BACK in the top 100 now is irrelevant.
A savvy investor will hedge all their bets for long term investing. I own ETH-killers despite being an ETH maximalist. I own a few memecoins despite believing they are all worthless garbage, same as the people who shill them. I own Nano and a few other raw currency coins because it makes no sense to ignore this entire side of the market just because THIS cycle, raw currency cryptos weren't at the forefront of the discussion.
If any of you actually gave a shit about top 100, most of your coins would be SHIB, ICP, XRP, and DOGE.
The top 100 FUD posts about Nano were really weird, and the comments were even weirder.
Seriously, who in their right mind posts shit like "NANO IS DONE FOR"? Because it got booted from top 100 like it does every other week? Who cares? Because of a spam attack? Look at ETC.
This subreddit constantly gets predictions wrong because everyone here is married to the coins THEY picked, while trying to put down all the other coins.
I guarantee some of you sold your Nano when those posts went up.
Meanwhile, I was buying Nano at $2-4, selling at $10-18, and accumulating during this crash.
I don't care about "top 100" bullshit. If I did, I'd be one of the degens going all in on ICP at launch.
Top 100 doesn't matter.
Fundamentals & hedges are the only thing that matter long term, and market trends are the only thing that matter short term.
tl;dr: Ignore redditors (including me), invest with your brain. Don't buy Nano if you don't believe in it, and buy it if you do. It's that simple.
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