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RE: On How the Market Misprices Assets | HIVE, RUNE and LEO

in LeoFinance2 years ago

Sadly, psychology is an incredibly nebulous variable in this whole industry.

For lack of a better way of putting it, utility coins are just not as "sexy" as highly speculative vaporware projects with the potential to go 50x in a week... and then lose it all again.

What we're trying to overcome here is that "lottery winning" mindset which dictates where a lot of the cash flow goes... trading on fundamentals is boring because it requires you to buy and hold... and hold... and hold in the longer term.

The Internet itself was much the same. It took years before the Amazons and Yahoos of the world actually rose above "high flying dot-com tech stocks."

You're absolutely right... but it's going to take time to cycle through the psychological crapulence.

=^..^=

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Your comparison to Amazon is spot on.. it took an exorbitant amount of time before investors started taking it seriously

Even look at Buffett and Apple. It takes time to move from the realm of fringe to the realm of value

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