Never forget the power of stupid people in large numbers

Let’s be real, crypto is probably 90% or more people speculating a coin by what a minority of people actually say and speak to about a coin. Example; I Hodl Algo. I think Algo is a great crypto with a bright future and is going to go a long way. But if Algo were to say 5X or 10X in the next few months, make no mistake that that is pure fomo and speculation.

Tens or hundreds of thousand may be jointing crypto every day, but ever if they are, 99% of them have little to no knowledge on what they are going. And many of these same people will buy what’s popular and drive the price up temporarily. Best recent example is doge. Then the Doge shat the bed and it’s been on a slump every since. I’m not saying Algo or ADA or Solana etc will ever get musk type hype, but rest assured, if your fairly mainstream token goes up 1000% in a few months, it’s probably a safe bet that said trend will not continued. Take profits when you can and plan accordingly. The loyalty and faith in the crypto space comes and goes like the wind.