Just look at Axie Infinity. Pigs can Fly in Crypto.

I have started writing Crypto things in Medium because I want to put my time to good use. Sieving through Crypto news can be very frustrating, especially with all the rubbish that littered the internet. That’s why I have been trying to scan through more useful news and note them down in the Medium, just so that I remember what I have read.

But, Axie Infinity? Well, it’s the very thing that shows me how useless can it be to make “informed decision” in crypto. Look now, it’s about USD$150.

I try to follow crypto development roadmaps. I check a project roadmap and observe the github update almost real time with only one thing in mind: try to correlate any price action with technological development.

Conclusion? In crypto, pigs can fly. Anything can happen. Say, when a project X is going to release one big update, and, when everyone is expecting it to shoot to the moon, suddenly Axie Infinity gains traction; and, for goodness sake’s, money flows to AXS like there’s no tomorrow. Good projects can be overshadowed by completely random things, FOMO and FUD.

Some tips I can give from my experience (I will explain them below):

1. when you see 10x or 100x in Youtube, just ignore them.
2. Google with -india command.
3. So, should I invest in crypto? If you’re a nerve-wreck, no, please, no. Otherwise? Maybe.
4. No, not all your life savings.
5. Then, which crypto currency should I invest in?

99% useless information in these Youtube videos, and I am surprised that seemingly trustworthy familiar faces even would devolve themselves to telling people that this crypto will 10x or that crypto will 100x.

If the 10x does happen, then a few things must be considered.

First, self-fulfilling prophecy. FOMO people follow the trend and drive the price up, a very possible scenario.

Some of these people are probably equally afflicted with FUD, so when it becomes “clear” that there is no profit to be gained, sell-offs occur, and you, who bought it during the “gold rush”, shed a tear or two.

Second, Barnum effect. These 10x Youtubers are “fortune-telling” and your stupid asses will start to think they’re godsend oracles when you put in your money where they told you to and get your 1.5x. Well, it’s good to be optimistic; but probably you also forgot when you followed some advice and got 0.5x.

So, should you buy AXS now?? People start to tell you all the 10x and 100x about it now. Goodness gracious. Do you truly believe it will go to USD$1000? If you do, buy. Otherwise, don’t. Me? I won’t; but of course I’m pretty sad I did not buy it earlier when it was less than $1. Would I have known about it? Of course not.

I believe there are many people in India who are dealing with Crypto, which is good: crypto is accessible to one of the largest market in the world.

It is only bad when there are lots of them who are just quick-riches sorry asses of human beings, but this is not exclusive to India; wherever you are, if you are one of those quick-riches, you’re probably equally degenerate. I won’t even say that this is bad as a whole; the start of new things are often as chaotic as they could be, and, well, we’re probably at that stage. We might need these hypes to generate more interests in the adoption of new technology. Welcome to capitalism, boys and girls (wait, no, I don’t know what I’m talking about there).

Then, why -india? There are too many trash websites about Crypto from India, it seems. With this, we can exclude all searches related to India. And, the traffic is high for possibly very simple reasons (can’t say I am sure) leading Google to prioritize these websites when you search Crypto things. I’ve wasted my time scanning through them and quite often I found no shred of intelligence there. Well, many crypto websites from elsewhere are equally dumb. So, use your brain. Oh, right, FOMO and FUD are irrational. Spare your brain for more meaningful things.

If you’re a nerve-wreck or any weak-minded human beings or just a cockroach crawling through the dark, please don’t. Don’t create more burden for the society, especially if you can identify with people who borrow from loan shark.

But if you’re a decent human being? OK, wait there. Before you assert that you are indeed a decent human being, please review it many times again. You’re probably trash, for example, if you genuinely thought you were getting rich by supporting Trump. You’re probably trash if you ever try to sell people your pyramid scheme products. You’re probably trash if you actually got uncontrollably angry playing games and shouted at your family after that. There are too many examples, really.

Okay, now if you’re a real decent human being. Well, you have to be able to light-heartedly laugh things off when your crypto is crashing. That’s usually possible if you really have a good financial plan (no, I don’t mean like you follow some of the trash financial advisors or gurus), like you have enough savings to sustain your family and only invest like 10% in crypto.

“This is Fine?” No, man, not enough. The dog is clearly living a life of self denial.

You must be able to guffaw heartily and good-naturedly in the face of the most adverse of situations. Then, maybe you can consider Crypto as a nice side investment.

If you are ready to invest, then, Axie Infinity? Wow, there, it’s goddamn USD$150 per AXS. It’s ridiculous. Well, if you’re all fun about this, why not, right? As for me, I think some other projects deserve better funding. Axie Infinity system is giving a somewhat unhealthy vibe, and I am rather hesitant to indirectly encourage people to play-to-earn. The implication on societal level is heart-wrenching, but, I guess I don’t want to commit to any strong opinion on this matter. Anything is possible in this century.

Peace of mind affects your decision. If you’re always edgy, thinking that your whole life savings (which has now been converted to Sleeping Love Potion, SLP), then you are likely becoming one of the FUD people. Well, some people must thank you for buying overpriced coins, and, well, whatever your feeling was when SLP lost more than half its value, the crypto market goes on. Maybe one of those whales are laughing at how stupid you are, but, just accept it, you’re probably stupid.

“I have spare money, and I think I want crypto. Which coins should I buy?”

There’s no answer. There’s absolutely no guarantee which coins will shoot up, but I think the best bet is to read up on the project team developers and their visions. There are talents who graduated from good schools, to put it simply. I personally like the Celer Network team, and believe that they are skillful enough to pull this through. So far so good, really, very happy investing in CELR when it’s cheap. I am also rooting for Cardano’s ADA, but will not invest too much in it for now for a completely different reasons.

BUT, there’s a big BUT to everything. There’s no guarantee that good teams will not suddenly fall apart. And there’s no guarantee that unfamiliar teams will not prosper.

SHIB and DOGE, you ask? Hold it there, buddies. The rise of meme coins are interesting, and I think the phenomenon is the very consequence mixing people of all types in the crypto space. I will not commit any strong opinion on this matter as well.

That’s all for today, I will sparingly continue to navigate through the Crypto space and Medium recommendation algorithm more efficiently.

Source: https://medium.com/@ababa003/just-look-at-axie-infinity-pigs-can-fly-in-crypto-9ee5421a53e3?source=rss——cryptocurrency-5