THE GREATER FOOL THEORY
Hello community, I have been struggling to write something on crypto currency for some time now but the inspiration isn't just coming forth, but now I need just give it a go, yeah, now. The topic I picked is a very expansive one and I need to give it the necessary ingredients to make it comprehensive. What does the greater fool theory entails?
Pejoratively, a fool is a person with poor judgement or little intelligence. Adding greater to foolishness shows a high comparative degree of the act. How then does this relate to the crypto world? As a business minded person one must know when to load the cartridge and also when to pull the trigger. There is a time to sow and a time for harvest things must be done with acute wisdom. A person willing to succeed must know when to tackle situations.
A lot of persons never look into the foundation of things, they love and cherish the product but neglect the process. We all love the prime but forgot those who sees the future enjoys the larger portion of wealth. We need to be proactive and not reactive. That is more reasons why I love the saying that goes thus "make hay while the sun is shining" and also "a stitch in time saves nine". The world is a moving so also the inhabitants must keep moving.
If not for anything the evolution of Bitcoin should have taught us a huge amount of lessons but it seems the larger number of persons fails to learn but the few who learnt are the ones enjoying the lion share. The wise bought Bitcoin when the price was at it nadir but the greater fool waits to buy when the price reaches it zenith. Look at both investors and see how much their purse grows. Although the wise investor might have ended up being the greatest fool if the project hadn't seen the light of the day, life itself is a risk and we aren't promised tomorrow. I made a series of investments which never saw the light of the day but there are some that paid off. I have once bought a project for just a meagre $4 and sold for far much as triple that price.
With due respect, the greater fool are needed for any financial system to survive because without them those who saw the potential and took the risk will not see the gain, but I am only imploring to do comprehensive research and know when to invest it is quite ridiculous to buy something when the price had already reached it peak. It pays off to start from the bottom. New potential projects are coming up everyday look into them but please beware of scammers. I laugh it off whenever I see crypto experts advising investors to invest only when they can lose, is there really anything like spare money?
We need to approach crypto with the tactics of winner and not just with a gallivanting attitude, anything you invest your time and money on should be given the necessary attention, do your research and I believe instinct has a massive role to play when it comes to investment just work as an early bird and smart investor make hay and watch your finances grow haywire.
This a theory subjected to objections, opinions, additions and subtraction, division and multiplication, Lmaooooo!!!
I can do all things through He who strengtheneth me. I am Sir.skillful.