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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13735761 No.13735761 [Reply] [Original]

get in or get left behind

>> No.13735769

I have 1,000,000 will I make it?

>> No.13735840
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13735840

>>13735769
with projects like these there are 2 ways it can go:
1. normie FOMO will push the price up and BTFO the whales' sell walls (see OMG's bullrun in 2017 where whales were massacred). In that case you'll make it quite soon, but you have to time the top of the bubble.
2. whales will suppress it for as long as possible to accumulate more. It could take years for it to take off and there will be MANY shakeouts. If you have iron hands, you will make it, but the journey will be rough and it will take a while.
The whales have already dug deep in HOT. Case in point: I was in top 500 wallets at some point, but one day I got BTFO. Thinking it was normie FOMO, I checked the number of new wallets. There were barely 150-200 more wallets than before. Checked the top 1000 holders again. What happened was that a whale or group of whales bought billions (possibly more) HOT and split it into smaller wallets so it appears that there is not one single entity that holds that much of the supply. That was months ago. I have no idea how things are today, but I imagine there will whale shenanigans with this project from now on. TL/DR: hold like a motherfucker and you'll make it.