Hope is not an investment strategy.
However, understanding a project and committing to it long term is not wishful thinking in my opinion. It often takes a lot of foresight to understand the technological implications upon people and how they will embrace it. This could take time.
Amazon, Google, Tesla, and Apple were not overnight successes. Yet they are some of the most successful stocks in terms of the rewards they provided for people.
Crypto is no different. Markets do whatever they want. It is what is being built that truly tells the story.
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Agree. Having the perspective, vision and commitment is one thing and wishful thinking is the other.
My post is actually pointing at ways of thinking such as: oh, I bought this coin at $3 and in two years it's gonna be $100. Not selling it till $100.
The opposite of that is seeing the potential and demand of a type of technology or project and buying the share of it of the cryptocurrency of that project and ride it for as high as possible. You don't have expectations in here, but you have a lot of confidence and vision.
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