I've noticed that the hivemind on this subreddit is strongly anti-memecoins and advises to only buy blue-chip projects as that is prudent investing, while investing in memecoins is merely gambling. The same was said for NFT's earlier.I personally believe this to be a misconception, and they are both gambling to the same degree, although with different risk vs reward models. If we were to compare projects that were regarded as "safe bets", such as ICX, Nano or IOTA, has done significantly worse than projects that have been hivemined against on this Subreddit (Doge, HEX).I believe, if you're looking to make money in this market, your job should be to figure out what the next narrative will be, preferably before it happens, but if you don't manage to do that, you should increase your exposure while it is going on. If you believe yourself to be "above" investing/gambling in a certain type of asset, you're letting your ego get in the way of making money.Last summer it was DeFi, then CORE forks, then memecoins, then NFT's, then OHM forks, and now we're back at memecoins.Take this chart as an example https://ift.tt/3pTxPqe bought into this coin 2 hours ago. Already made ten times my money. I personally believe that unless at the stage where you can live a comfortable life off yield-farming alone, you should expose yourself to as many trends as possible
Submitted October 31, 2021 at 10:29AM
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