I put $500 into MIR.
MIR crashed from an all time high market cap of 650 million and eventually dropped to a 2 million market due to its association to terra/luna.
Buying in at $.021, if it reached its all time market peak of $10.00, that would be over a 450x increase.
As soon crypto bull runs reach fever pitch and are at the mainstream consumer level, fundamental analysis tends to go out the window - it just doesn't matter.
Assuming my investment has the potential of a 450x increase, this should give me 450:1 odds that my investment will pay off to some degree. Even if nothing happened, the potential gain justifies the expense.
While volume is still 1/6th of market cap, MIR is up 30% in the last week.
Please roast me and tell me why this is a terrible idea.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments