I can end up getting hated for this but it's the plain truth, if something is already popular then you've already missed the boat, don't believe the hype sell people shovels instead, I believe this is the way of the rich people, their perfect strategy that still looks like slavery to my eye
Your shovel may not dig, but only stand in the corner and look like a tool similar to the one that is designed for digging. If it is only for appearance, then you will not go far on it. This is a figurative answer to your thought.
I can end up getting hated for this but it's the plain truth, if something is already popular then you've already missed the boat, don't believe the hype sell people shovels instead, I believe this is the way of the rich people, their perfect strategy that still looks like slavery to my eye
I totally agree with that statement. That is also the reason why i don't invest into Bitcoin, Ethereum, Solana, Polkadot, Cosmos and all those other coins in the top 50 or so during a normal market, because the early investors of those projects already made a x100, x1000 or even more with that projects. I don't say that it is wrong to invest into those projects because there is still room to grow even for BTC, but i just don't think we will see another x10 of BTC in the next few years, but of course you still have the chance for a really nice profit in comparison to normal financial products of a bank or something. If we see a really heavy bear market now and we are going to a ETH price of below 1000$ or something then maybe i will think about buying some ETH, but not before.
But here I do not agree with your opinion, that investing in top coins is not rational at this stage. I think that ETH will no longer cost below $1,000. Maybe I will remember you and this post after a while and think that you were right.