172 days ago·u/willofscott·r/CryptoMarkets·likewhy_not_ironically·C
Research utility use cases, for these coins. They are businesses just like stock market companies, they are building what they believe the market wants and needs, and there will be a lot of needed blockchain capacity and services, being the world will run on chain which is pretty much an understood direction we are headed. It is digital finance for a digital world, like digital music, movies, phones, yellow pages, data, accounting, etc etc….its finance and banks turn to get with the digital age…hence crypto (which is such a trendy sounding term with so much bad press, I prefer digital assets. Less like a hacker project in their moms basement)
These projects are funded by real capital by real investment firms that review prospectuses, interview and critique teams, crunch market fit dynamics into revenue generation matrix, then deploy funds. Like any VC investments they expect 7 out of 10 to fail, you should to, but finding 1 or 2 of the 3 that will make it can be life changing as far as finances go. I have selected MON (for their up-to-date stellar tech which has the capacity to be a true core infrastructural chain), MEZO (for its ability to bring yield to Bitcoin, and has a vote of confidence from Bullish exchange to show institutional grade yield is possible and safe with a 19 million BTC placement), BILL is a new one, I am looking at and tipping toes into (the need for AI agent and Human identification within this new world of bots, scams, anonymous mischief, and who owns them also who is human etc…it’s grown into the 3rd most impactful company in this space with a lot of Fortune 500 companies using them), others is ONDO as it is at the fore front of tokenizing Real world assets which is a new upcoming huge industry just getting started (I don’t own this one, the fact that it’s a governance coin causes me issues for how does it actually appreciate, such that I sold this off but still watching it as it is bottoming out at around 24 cents. There is others, a lot of others, when a major sector of the world is switching to digital, it requires a lot of newly formatted services, so a lot will make it, and a lot won’t like after 2000 and the dot com clean out of garbage companies riding on the fact they only had a .com, many will be dumped and taken to the landfill because all they had was a crypto token and no viable business to utilize and generate income, much like the .com purge.
So spend a lot of time reading, researching, and knowing why you are plunking money on a projects coin. Have conviction great enough to be ok when you make money, and ok when you lose money being you placed your cash in the best possible place you could find at the time you invested…that’s all you can do, that’s all pros do, and they take their lickings like everyone else. To know you selected wisely is key the rest will happen as it happens, and sometimes the best companies get crushed due to some thing out of their control and had it been a year later or earlier they would of shined, but sadly that didn’t. Shit happens, accept it, and DYOR, and when it comes to AI advice…always always ask the same question multiple times on different AI, and clear your cache and ask it again on the same AI, if you get completely different answers, which you will, it will give you pause and sharpen your research. I started to downsize a position based on a long conversation with AI about it and it had me convinced it was going the other way then my thesis, but I paused before I was too far into this move, and reasked the question just to get a completely opposite answer from the same AI. I’m glad I paused because that position climbed 60% very soon after it had me believing it was done and failing. Also challenge AI to tell you why your idea are flawed, make it work and tell it not to give you any surface selected answers, only give you deep research deep dive answers…it will do what you want it to. Scary stuff though AI, wonder how it will ever be accurate when it combs through forums and opinions looking for context or content…scary stuff. Good luck, may we all be prosperous.