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A comment on Helium has revenues of $6.5k/month after $365M investment from A16Z. Parent comment

Re:Helium has revenues of $6.5k/month after $365M investment... by guelo on Tuesday July 26, 2022 @07:19AM (#32236803)
By timing the market on a coin hype cycle?
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Re:Helium has revenues of $6.5k/month after $365M investment... by spaceman_2020 on Tuesday July 26, 2022 @08:26AM (#32237350)
Pretty much - no “long term” passive investment in crypto.

Its a casino, but one with extremely good odds for players if you time it right.

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Re:Helium has revenues of $6.5k/month after $365M investment... by HWR_14 on Tuesday July 26, 2022 @09:19AM (#32237866)
As I understand it, either you're good at timing the market or you got lucky. If you got lucky, there's no reason to be so cocky. If you are good at timing the market why aren't you making a fortune on Wall Street?

(Unless you are making a fortune on Wall Street)

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Re:Helium has revenues of $6.5k/month after $365M investment... by spaceman_2020 on Tuesday July 26, 2022 @11:40AM (#32239811)
There's no need to time the market when the market is flooded with cash. You didn't need to be smart or even lucky to make money on practically anything in late 2020-mid 2021.

The trick is knowing when to get out. And for that, simply managing your greed is enough.

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Re:Helium has revenues of $6.5k/month after $365M investment... by aaaaaaaaata on Tuesday July 26, 2022 @09:31AM (#32238029)
More moving parts on Wall St.

More competition.

Wall St "smart money" is still, comparatively speaking, clueless in cryptocurrency world.

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