Quote from: Zechis966 on June 14, 2017, 01:14:06 AM

Quote from: vuvanle120 on June 14, 2017, 01:06:29 AM

Logic does not work in the crypto world. KISS if there is more demand than supply the price will go up.

even FOMO is fair logic when you look at what you already missed out on! I got offered to buy bitcoins at like $70 but the guy was a weird meth head who obviously used them for drugs, and I wanted nothing to do with him or whatever scam internet moneys he was screwing with...

I learned my mistake the first time, and got in on ETH at $7-12

But in any case you don't use logic when investing unless the market is being driven by logic.

FOMO may be solid logic (if you pick a winner) but obviously when moneys involved you want a little more guarantee, at least most do.

Since crypto investors currently aren't very logical with their millions and even billions some of them, I wont be logical when following some projects.

Theres a funny investment strategy some firm uses called the 'Costanza List' and it's basically every stock their logic tells them to not invest in....they have an average of 70% success with the Costanza picks...

(It's from Seinfeld where George Costanza one day is fed up with being a loser so he does everything the opposite of what his gut/mind would normally do, and everything works out perfectly for him!)

Lesson learned, if you have the money you can risk, then maybe allocate at least a small portion (10-20%) to ICOs/Projects that maybe seem too good to be true, or just stupid to you.

What seems stupid to one might be worth millions to another...

Great post.