I am not gonna be the greater fool

There is something called greater fool theory that applies to basically any speculative investment. When speculating you buy something with the sole purpose to resell to someone at a greater price.

Well, for one thing, business only happens if a party thinks it is going to win, right? I think that it implies that someone has to lose because money/value is not unlimited.

The way I try to not be the "greater fool" is by trying to buy stuff as cheap as possible. I started buying HIVE again only when it was on the lowest lows at around $0.20 and have been carrying it all the way here. I bought it again at $1.50 but to "carry", but to buy Punks on Hive (an NFT collection on Hive Engine!).

Well, then wouldn't I carry the risk of being the greater fool buying JPG? Well, possibly yes, there is always the possibility to lose it all. But I am buying only the cheapest of the cheapest punks!

Punks on Hive were launched and could be minted for around 20 HIVE each. I didn't have any money nor liquid HIVE to mint them at launch, but I have it now. So I will keep buying all the cheap ones in an attempt to not become the greater fool.

Of course, I could also be a fool for buying the cheap ones, since there are people making a lot of money by trading the rarest punk NFTs, but I don't have the resources nor the guts to blow thousands of dollars on that at once. Maybe I will end up spending thousands on those NFTs, but by buying the cheapest ones.