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Why Most Crypto Coins End Up Worthless
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- Don't just ask, "Can this pump?" Ask, "What gives this value in the first place?" If you want to raise your crypto IQ, join me live for deep dive crypto research at 8:30 p.m.
- What gives a crypto asset value is usually some combination of scarcity, utility, security, adoption, and honestly, belief.
- Bitcoin, for example, gets a lot of its value from being scarce and from the strength of its network.
- If you can't explain why a coin should exist, I wouldn't be buying it.
- Other crypto projects try to create value through things smart contracts, payments, gaming, AI, or infrastructure.
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Crypto tip for today. Crypto does not have value just because people are excited about it. What gives a crypto asset value is usually some combination of scarcity, utility, security, adoption, and honestly, belief. Bitcoin, for example, gets a lot of its value from being scarce and from the strength of its network. Other crypto projects try to create value through things like smart contracts, payments, gaming, AI, or infrastructure. But here's the part a lot of people miss. If you can't explain why a coin should exist, I wouldn't be buying it. Don't just ask, "Can this pump?" Ask, "What gives this value in the first place?" If you want to raise your crypto IQ, join me live for deep dive crypto research at 8:30 p.m. New York time, Monday through Friday.
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