RE: Invest in projects that actually deliver instead of false hype. #500wordsaday
You are viewing a single comment's thread:
Blockchain will always be a bunch of overhyped rubbish I don't care how much fiat you throw at a project doesn't mean it will work. We're just being exposed now to what VCs saw in private equity for years, lots of hopeful projects and very few make it, just because you have bucks doesn't mean you will win.
I hope we get out of this phase soon and people consider investing in projects with a working product from launch and not this trading on speculation all the time
0
0
0.000
That would be the hope at some stage. For people to start investing in the projects that have survived up to this point with hard work and an actual useful purpose or product. So much of what is getting pumped is useless crap and the same will happen as the last time when markets dropped and they had nothing to keep the projects going as it was all hype and no substance.
The same can be said for any business or idea as they are only as good as the people behind them. You have to back up those ideas with hard work and enthusiasm to get any project off the ground. So many start ups fail because the owners don't have that drive to keep going through the toughest parts at the beginning and make it out the other side.
I fully agree with you blockchain isn't some silver bullet to success, and like all business sectors the failure rate will be well above 90% even more in such an early stage. People are pumping money in knowing it's the future but we don't know what the path will be to get there, its a fun ride though, no doubt about that
You're a long time survivor in this world like a lot of the other hive users. It has been a wild ride to here and it hasn't even started yet. Looking forward to the next wave what happens when a new batch of people get excited about it.
LOL yes I've used this bear times to stack cheap sats and learn more, I can't believe how little I knew back in 2017 and I was investing in all sorts of shit coins. I'm much more prepared this time around but still learning every day