Time to Use the Market's Short Term Memory to Our Advantage
Today we are adding two prospective future blue chips to our portfolios. As we know in crypto most people cannot focus for more than a day let alone a few months. This is why it’s so important not to give in to the fomo of the crowd. If you miss something and it runs 100x in its first week it has to go through a long cool off period. This is simply natural law, what goes up must come down. Thats where our opportunity is. A few months ago we had several new innovative protocols pop up that then proceeded to run very hot in the first few weeks. What has followed has been a several month bloodbath where the market is teaching fomo a lesson.
This is where patience pays off and our opportunity is presented. Nothing has fundamentally changed about the importance of the innovation these two protocols provide. The only thing that has changed is peoples memory. Time heals everything.
Many of you may not have been around in early 2021 when NFTs first sprang onto the crypto scene with any amount of hype but, I was. I remember well when people were buying their first crypto punks for not more than a few thousand dollars. No big deal at the time. It was a new token standard and not many people appreciated or knew the potential significance. However, fast forward 8 months and the same NFTs were selling for millions of dollars.
My point is that people often overlook these initial hype phases of new innovations and only catch on many months later when they are too late. The initial hype comes, it lasts for a week or two resulting in a mini bubble then people move on to the next shiny thing and completely forget that the technology never changed only for the same tech to come storming back in a much larger bubble.
So, without revealing too much about what I am talking about let’s get right into these two projects.