The crypto market is filled with a lot of people that want to make quick bucks from the crypto market. This has made lots of people naive towards making financial decisions, we all scream do your own research but do we actually do our own research. For a crypto project to have a long sustainable value, they need to have utitilty, usecase and also be able to provide solution to a problem. Remove this from a crypto project, it’s just a shitcoin moving money around and within the holders. It’s just a matter of time before it crashes.

I was talking to a friend and he talked about losing a lot of money in crypto, I asked him how he lost money and he said he bought a lot of Shitcoins, unfortunately the only good coin he thought he had was Luna. We all know how shitcoins and Luna ended, yeah, not so good. Most of the shitcoins he bought, I also bought them but the difference is that, he thought he was making a wise investment decision, because someone he trusted told him to buy them. Never take financial advise from anyone 100%, without doing your own research.

When I was buying those shitcoins, I did my own research and realized that they have no utility to offer, so I aped in with the mindset of gambling. I aped in with $56 and took out over $200 from the market. Unfortunately naive crypto noobs were buying and hodling for the long term. You don’t hold long term on a project with no utility because, people get hyped by the initial volatility, which lets massive liquidity flow into the space. Then when they get bored, they find something else that excites them to go play with, this is where they start dumping their holdings and removing the liquidity from the market. When there is no yield to sustain that projects, who do you think becomes the yield in the project? The late comers who decided to HODL their assets for long term.

Look Around You, Everyone Is Greedy

Learning to take your emotions off crypto investment is the best way to survive in the market. The moment you start having an ill feeling about a project, it’s always advisable to do more research, when you feel that the project is seeming dead, take your money and exit the project. This was exactly what I did on safemoon and safemars, and lots of crypto projects I can’t remember. If you decide to stick around because you are naive that the team will consider the investors and try their possible best to revive the project then you are taking far more risk. I love fundamental news details. Give me details why I need to stick around a project and show me signs of implementations.

80% or more of the people in this crypto project are in it because they want to make money. When they reach the point where it’s costing them more to sustain the project than they make from running the project, they either look for ways to bail out or want to make back their profits by giving fake promises to attract more investors. We can’t tell by the look on the dev faces how sustainable a project is but by their yields and utilities.

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