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RE: Mindsets

in LeoFinancelast year

I agree. However, I prefer to have some sort of affinity with the project and what they are trying to accomplish, and not be tempted by the profit alone. There are pluses and minuses on both approaches: if you are closer to the project you probably know more about it but it's also less likely to break away when things turn south, if you are in for the profit, it's likely the reverse.

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I think most ALTs will anyhow nosedive once alt season is over, regardless of which project you are in. I could be wrong though.

Do you think bitcoin won't? Many thought the same thing during the previous cycle, and yet it went down. I don't think it will be majorly different this time around. Maybe it will be different with the ETFs, but we will see.

Yeah, I'm sure it will too, but many ALTs don't recover against Bitcoin.

Yes, that's true. Some are one-cycle coins.