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To be successful, you must be crazy.

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by COINS NEWS 145 Views

That’s the general motto of this space, it seems. You must go against the grain of reality.

When bitcoin first came out, you would be a fool to invest in it. You took your hard earned money, that you could’ve paid bills or debt with, and threw it into the ether for some funny internet meme coin. Bitcoin was the first meme coin, it was the first shit coin. Until time proved that it was more than that.

Each cycle, it was always “smarter” to buy at the top. The train is going up the rollercoaster, well obviously that’s when you should buy it. The cold, hard data supports buying when the evidence shows you the coin is increasing in price.

And the opposite is true. When the red arrows start pouring in. Week after week of blood in the water, we’ll that’s when you should stay away from this space. Close your app or browser, and take a long vacation.

But doing this, buying when things are going up and selling when things are going down, is how you lose your bank account. It’s the worst strategy to adopt.

So what should you do then? Be crazy. Absolutely batshit crazy. Ask yourself what the best decision at any given time would be, and do the opposite.

In the advent of bitcoin, it was a joke coin. The crazy thing to do was to buy as much as you possibly could, spends thousands of your real currency to buy fake internet meme coins. Ten years later that would pay off.

In the advent of Dogecoin, the crazy thing again would to buy boatloads of this disastrous excuse of a project. But again, you’d make a killing.

Right before the Eth merge, the smart thing to do would be to buy incredible amounts of Eth. Everyone had the same thought, as soon as the merge happens, bye bye $1000 Eth. Hello $10k Eth. And you would also be wrong. The crazy thing to do would be to buy Eth now. When the hype has died down.

So be crazy. Do the “stupid” smart thing. When this community hails a coin, that’s exactly when you shouldn’t be buying that coin. When it gives up on a project is when you should be amassing it.

No one knows shit about fuck. Not financial advice.

submitted by /u/hearsdemons
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