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Gorging myself on REQ, DNT, and VEN tonight 👍
Somebody poke this market with a stick
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Please dont act like you know diversification by thoughtlessly saying no single basket. “Diversification” only works if it truly diversifies idiosyncratic risks. Putting money into 100 shit crypto projects is not diversification
I’m a huge fan, potential game changer if they gain browser market share and are disruptive with the ad model and ecosystem they are pushing. There’s definitely some heavyweights that appear to be immovable objects, but the current system is broken and the revenue is largely NOT going to the content creators or users
Never put everything in one basket!!
Here’s another consideration.... how many of your crypto investments have real working products that millions of users currently have adopted? You can’t say that for 99% of these speculative plays, but the Brave browser has 5.5m active users and i have deleted all other browsers and was able to seamlessly migrate my online ecosystem and extensions to it. When Brave Rewards is launched and real revenue is being driven to the publishers and consumers, look out.
👆what BCG1 said...
Agree with GS. Crypto as a percentage of your total portfolio is the more important macro consideration
This isn’t a question about portfolio theory, the guy just wanted insight on the viability of a crypto project. No need to get on your pseudo intellectual high horse like you know something. Liquidity events will create high positive correlation on all assets, so at the end of the day non of it matters. Just don’t put your life savings. Maybe 2.5 - 5% of disposable over time is enough. He’s not going to miss anything if he just puts a few hundred each paycheck.
You are missing the point. Cryptos have incredibly high correlation coefficients to themselves which undermines the “viability” of these shitty little projects.
And you are wrong about liquidity events creating high correlation. That is the single reason why people diversify so that those idio events won’t drag down your entire portfolio. If you aren’t smart, it’s okay—just don’t undermine actual advice from actual people who’ve done actual diligence and understands how actual securities markets work
Hey apologies, I forgot all about this post. Here’s an update: so my friend got cold feet after I tried to talk him out of putting his entire net worth into a single crypto so he sold half of his position pretty quickly. Looks like I was wrong - for the half that he held on to he’s up at least 50% over the past month or so. Oh well, such is life!
We shouldn’t put all the savings in one investment. I guess if they believe in it, they shouldn’t put more than %25.
Interesting to see everybody on this chain is bullish about BAT. I completely agree with not putting all of your eggs in one basket
That can turn brilliant or super stupid
It’s down 15% today, I would like to get an update from OP
There are only 6 valid currency platforms. As far as investing in hope coins, I would not put money on anything without insider info. Every dollar made is taken from someone else. Your friend might as well go to a casino. Much better odds.
New to this, what are the 6 valid currency platforms?
Brave Rewards are Live as of 4/23! Real product, real revenue, real mainstream adoption
It has only just begun. It is still early days to get into Brave / BAT, v1.0 hasn’t even been released