Paradox Of Choice Accelerating For Cryptos As Time Goes On (Prices I'm Eying 👀)

Personally I think BTC, ETH, and BNB are great reserve currencies to borrow against and earn off of but I'm not looking for anymore than about 3X on BTC from these prices. Then you have LTC and DOGE which are on all exchanges and personally I feel have more upside and you can time them a lot better. The paradox of choice on these various exchanges is overwhelming. It is great there are so many choices but these new investors coming in aren't going to be able to target their resources to the main currencies because they are trying to find the next thing and the next thing and the next thing. It got so bad that last cycle Gemini was adding stuff like Dogeleon Mars when they had previously been super selective on what gets added and what doesn't. This continues to be a thing and the amount of projects added to these various exchanges is honestly pretty shocking after they had been hyper selective prior to that. It takes a lot of power away from the reserve assets and you can't expect as big of a multiple from them because of that and also because the big money only needs to double their money and that is way better than they can do in other asset classes.

With these other assets it becomes like some of these food menu's where there are too many choices and the person stands around and can't decide what to buy. In N Out burger has a very simple menu because of this. Super simple. The dating market is so out of wack the paradox of choice is actually causing more than 85% of men to be invisible. It is almost like the 95 / 5 rule. You have to be in that upper 5% of guys to have any visibility. It is what it is and you have to adapt.

With crypto I think there is value in a lot of the choices but 95% of the stuff is mainly a money grab and has no function or purpose. It's just a marketing ploy to give the founders your Bitcoin, ETH, DOGE, LTC, BNB.

#bitcoin #litecoin #bnb #ethereum #dogecoin