Just a reminder of how dangerous and unregulated this field is....I was on coinmarketcap looking at the standings. I checked out of crypto for a while in the middle of 2018. It’s surreal to see so many cryptos that were highly touted, shilled, and promising to have fallen from grace and not even get mentioned anymore. I’m not talking about price drops from bear market but cryptos just falling in market rank because nobody is interested in them anymore for various reasons. I remember when crypto’s like the following would be mentioned regularlyMetal Factom Waltonchain Salt PIVX Fun fair Substratum Nano Oyster (PRL)Now nobody even talks about them. Some for obvious reasons like scamming, vulnerabilities, etc. but my point is projects can just die when they were once highly favored and viewed as quality or consistent compared to their peers. At the time the above projects had strong followings that honestly don’t feel different than many other coins at the moment. All the telegrams and subreddits have the exact same feel to them back then as they do now. Just swap the name of the coin and you can’t tell the difference from all the moon memes, gifs, chart readings, rabid fandom etc.....I say all this just to say don’t forget the environment we are in, how easily many of us WILL get burned on the path to adoption and too take equity out of the house and go all in on SKYCOIN BABY !!!..... J/k. Stay safe, and be diligent in your research.
Submitted September 13, 2020 at 08:37AM
No comments:
Post a Comment