Dear Fellow Crypto-Currency Investor,
We have been pleased to receive emails from some of you thanking us for our last 4 reports, which would have seen traders who brought, sold and reinvested our recommended coins profit in multiples of their initial investment. While we are very glad that our followers have found subscribing to our reports to be profitable, we feel the need to clarify something for anyone thinking of throwing a meaningful amount of money into the crypto market – This is a rollercoaster bubble, where a monkey throwing darts at ticker symbols would have been profitable over any period of time in the alt coin cycle. Nobody has proven themselves to be something special yet, and yes, that includes us.
The small team we have here at CryptoHoopla is made up of people who have worked in finance, law and other commerce related fields that back us with not just knowledge of financial markets, but valuable business and marketing experience that helps us identify exciting concepts that can draw hype from the masses. We try our best to to use this knowledge for the benefit of our readers, by finding crypto-currencies that we believe have enough factors to drive hype (or Hoopla) because hype is the essence of the crypto market and usually results in an increase in price.
In mainstream financial markets, Wall Street (and us) evaluate stocks based on their intrinsic value. Without going into the technicalities of financial formulae, educated investors are aware that there are methods used to rationally justify the intrinsic value of a stock or company. Generally, if the stock price is below the intrinsic value, it is deemed to be undervalued and worth of purchase.
With crypto-currencies, people are buying coins in hope that someone will buy them for a higher price in the future, which so far has proven to be an amazing strategy. The truth is, regardless of your strategy, anyone who has had a slightly diversified portfolio would have made a killing at any point in the history of cryptocurrencies provided they held their positions for more than a couple months. I don’t care who it is, if anyone is trying to tell you that they are something special because of their success in the field, they are full of rubbish. And yes, if you find us doing that, don’t listen to us either. Any fool can make money in a raging bull market on steroids, but it’s only when one proves their ability to provide abnormal returns against an index over a full market cycle (AKA a bull and bear market spanning 5 years+) that someone has truly proven they can beat the odds. At this point nobody has done this, and, it’s still debatable whether crypto-currencies will recovering from the impending bust.
Let’s also take an honest look at the crypto-currency space. You are funding projects that are giving you a new currency which can be used to buy goods (supposedly), or transact without a trace, or reward content creators etc… You know what else can be used for that? USD, or GBP, or AUD, or NZD… You get the picture. The only difference is that these currencies which aren’t really used for anything yet, somehow have multi-billion dollar market caps, which in some case exceed the market caps of their far larger and significantly more profitable publicly listed competitors. This is all despite the fact that most of these crypto-currencies have no intrinsic value whatsoever, but the prices have soared based on hype. And thats what we’re looking to do at Crypto-Hoopla, find coins that based on previous scenarios, are likely to surge because of ‘hype’. But hype is not value, and history shows that market prices eventually meet intrinsic value, which means that one day, most crypto-currencies will end up where they belong, at $0. Some will say that crypto-currency is a smarter solution to the banking/fiat currency system, and that may be true, but if that is the case, governments will create their own crypto-currencies which will be embraced by banks and the likes of fortune 500 companies far before any other independent coin gets mainstream usage.
Sounds awfully negative, right? Not completely. When we started investing in crypto-currency, we did so with a simple philosophy – ‘If crypto-currencies are the biggest bubble of our generation, why not try to ride the wave up along the way with a small amount of cash?’. That is exactly what we have done and it has turned out to be greatly profitable, but only because we are not being greedy and we have a plan in place to take money out of the market once we reach certain (attainable) goals. This is how people should be looking at the crypto-currency market, put in some money that you can afford to lose, have predefined milestones for which you’ll take out a portion of your profits, and operate in these markets with the understanding that at any point, you may lose everything you have in the market. Remember, you never win money at the casino until you leave with it.
Do not listen to those who made millions in crypto, they are not rich because they are incredibly smart. They are just fortunate enough to be early adopters in something that happened to go ballistic.
Ride the wave, take out profits, and be fully aware that this will not last forever.
We look forward to continuing to assist you on your journey.
The CryptoHoopla Team