MultiversX Tracker is Live!

Roast my moonshot

All Cryptocurrencies

by COINS NEWS 77 Views

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.

submitted by /u/catattackskeyboard
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments