There is no doubt that we see a lot of trash in the more than 10K cryptocurrencies that are out there. Nevertheless, there are some gems too. The question is how do we tell the gems from the crap?
In this video I discuss how we have one simple question: what is going on with the project? If we cannot answer this with any certainty, odds are we are dealing with a total loser. Sure there is a chance after 6 months of radio silence we get a boom, here is a Fortune 500 app. However, most likely silence means there is nothing to say.
▶️ 3Speak
Even if we are blind, we know that gems does not have that disgusting smell. :-D
Haha.
looks like I'm getting some competition in the "clowning around in the comments" department :)
More people should do this. Like on YouTube. Sometimes the comments are funnier than the videos.
totally agree :)
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Similarities to penny stocks. That's a great way of putting it. I !love penny stocks. However, hunting gems among them isn't easy.
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it's not that black in white unfortunately: there are profitable turds ( doge ?) and not super profitable gems like Hive, which did like a 15x in the bull market which is fine but nothing to attract outside attention. Still sticking with Hive for the long run though making some money with turds in the short term is not a bad idea
you have to carry out a good study to be able to distinguish a diamond from among so many not so valuable stones