Topic: The harder they fall, the faster they rise (Read 56 times)
I believe thats what makes them rise so exponentially, I believe that all of the week hands sell, and sell, and then the bulls, send the markets to all new highs!!!!
What you are telling might be true for the ICOs with real projects backing them and for those with the best and most gifted teams. It may not be true for most of the ICOs. If we think of an ICO as a startup project, we should remind ourselves that the success rate of most startup business is low. No reason to think of ICOs in any other way. The failure rate of American startup companies is over 50 percent in 5 year time, and I don't see how this can be different with blockchain startup projects. Only the best will survive in the long run, so we have to make sure we don't invest in the wrong ones.
For the last month or two, I've heard a lot of people saying 99% of alts will go to 0. Laughing my ass off now as the slightest indication of a bull market and alts are popping like popcorn. Alts will crush it in the next cycle because there will continue to be investors willing to take a risk on them.
I've invested in a number of ICOs and many are deep underwater. However, I'm expecting the ones that took the hardest hits to be the ones with the biggest upside.
One example is Bigbom. They dropped like a rock after the ICO due to a strategic investor dumping. Despite the hit, I've seen the team working their ass off behind the scenes, building their product and relationships, basically working on fundamentals. At $600k market cap, they are going to take off like a rocket when the bull market touches the small caps.
I can go on and on with a number of different blockchain companies I'm involved with. The point being is that you just need a little patience and many of these will go 10-100x when the full FOMO returns.
I've invested in a number of ICOs and many are deep underwater. However, I'm expecting the ones that took the hardest hits to be the ones with the biggest upside.
One example is Bigbom. They dropped like a rock after the ICO due to a strategic investor dumping. Despite the hit, I've seen the team working their ass off behind the scenes, building their product and relationships, basically working on fundamentals. At $600k market cap, they are going to take off like a rocket when the bull market touches the small caps.
I can go on and on with a number of different blockchain companies I'm involved with. The point being is that you just need a little patience and many of these will go 10-100x when the full FOMO returns.
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