Here’s How Low-Cap Altcoins Are Like Penny Stocks, According to The Wolf of Wall Street

Jordan Belfort, the original Wolf of Wall Street, has said that low-cap altcoins are a lot like penny stocks, or stocks with less than $1 per share.

and interview According to Belfort, the two types of assets with Yahoo Finance are similar and investors can make big bucks if they get in early.

“Yes, that’s right. With these ultra-low cap deals. If you can get your hands on one of these at the right time, you can make a ton of money.

But behind it [is] Playing on someone else’s playground. You’re not home, they’re home, and you come in there and most of the time you’re probably going to lose.

Former stockbroker says even well-informed investors are taking risks when investing in small crypto tokens. According to Belfort, the best way to win when buying these assets is to buy them as soon as possible.

“I don’t think there’s any research you can do to protect yourself from ultra-low caps other than getting in very early, because it doesn’t matter if it’s good or not. [or bad] management.

[When] They’re so low and what eventually happens is it rides up and when it reaches the top people [are] To throw it away again. I’m not talking about pulling rugs per se, just that they all have the same predictable cycle.

They rise and rarely come back once they form a crater, so you have to get to these things the moment they come out and are exposed on deck. Series A [fundraising round] Or seed rounds.

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