RE: Betting Against the Market: Stop Chasing Airdrops
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I did gather as much as Hive as I could for the Larynx airdrop snapshot, and I started selling immediately afterward. I was surprised to notice that the price wasn't collapsing. This suggests that few people did the same. Since the price is low, I expect to buy about 5 or 10 times as much as I'll receive over 12 months.
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This is also what I did.
Many others didn't because the price had just spiked to $3.40 and selling at $1.40 seemed like a bad idea. Clearly that was not the case.
O yeah, I already forgot that. We've seen such spikes before, thanks to our Korean friends. That was obviously unsustainable.