Re:Ask HN: How do you spot trends in Crypto before it blows up?
by multimedial on Thursday May 20, 2021 @05:35AM
(#27219166)
Yeah. I am practicing old skool trend following, yet would be interested in the same topic.
Sadly, I believe there is no silver bullet for that, the blow-ups seem to be rather chaotic, at least on the short to midterm basis.
Whereas for mid- to longterm trends, this usually correlates somehow with the technical „backup“ or substance that is provided for a given project:
- does the project have a clear vision?
- does the project have its own technical platform (its own blockchain for instance)?
- how innovative is the project?
Projects like Ethereum, Cardano and Polkadot for instance do have a higher probability (!) to grow in my opinion, as they have significant technical knowledge and expertise under their belt.
Re:Ask HN: How do you spot trends in Crypto before it blows up?
by 248ff on Thursday May 20, 2021 @05:49AM
(#27219242)
The same way you spot them in tech-stocks. When projects that don't deserve attention/funding receive a lot of attention/funding then you are in a bubble. A good recent example of that is the doge & NFT hype.
Sadly, I believe there is no silver bullet for that, the blow-ups seem to be rather chaotic, at least on the short to midterm basis.
Whereas for mid- to longterm trends, this usually correlates somehow with the technical „backup“ or substance that is provided for a given project: - does the project have a clear vision? - does the project have its own technical platform (its own blockchain for instance)? - how innovative is the project?
Projects like Ethereum, Cardano and Polkadot for instance do have a higher probability (!) to grow in my opinion, as they have significant technical knowledge and expertise under their belt.