Alright, let’s go over this one more time! For all the fans who shout that fundamentals are the most important thing in cryptocurrency: I keep repeating, the concept of "fundamentals" was created by projects so people would believe it’s important and somehow affects the price of an asset. Let’s look at the example of the asset NIBI.

The token price at launch could be $2, and after some time, it might drop to $0.03, but the fundamentals and the idea behind the project wouldn’t change! Now, ask yourself this: if you’re here for the technology and altruistically investing your money to support blockchain development and the idea behind it, then you shouldn’t care about the price of the asset—you’re simply donating your money to a startup!

Every project is a startup, and it may succeed or fail.

However, if you’re an investor looking to profit from your investments, then you shouldn’t care about the fundamentals or what the team has written on their website!

You, too, could create a website and claim you’ve invented a blockchain that, with the help of AI, can almost cure cancer! You could present it in a polished, professional way. Building a decent website doesn’t cost much, and creating a slick roadmap and so on isn’t hard either. Then, you bring in investors and backers—add some funds and friends, or friends from funds, as investors! Everyone gets an allocation. After that, it’s all about marketing and promoting the idea to the masses.

I remind you: the fundamentals and the idea don’t change!

What happens on the chart, however, is clear, as you can see in the picture. You and your friends slowly sell off your tokens. Should the asset grow in price just because you’re working on solving some blockchain problems? NO!

You may indeed be working on some real problems, but why people think the token price must grow because of that is beyond me!

A token’s price increases if people are buying it, but if the selling pressure and volume exceed the buying, then the ones making money are the funds and friends of the project—not the average retail investors who, for some reason, believe the token will grow based on its fundamentals.

This is a perfect example of how the fundamentals of a project can be excellent, but it doesn’t reflect on the chart or the asset’s price.

Still believe in fundamentals?

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When you read about project its looks like this is the future and I don’t know how do people leave without this “fundamental” when you open chart you understand. Charts never lies. We are here for usd. So please don’t be fooled with “fundamental” #gmrx

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As I mentioned earlier, these are my final planned purchases for the investment portfolio! Omni did not drop (but may drop) into my target zone of interest. Therefore, as I stated before, I bought ALT instead of Omni, purchased Dym, and, as a high-risk speculation in the meme sector, Chillguy. I will now observe over the next 3-4 months in the target fixation zones, if they appear. All remaining funds will simply stay in stablecoins and be used for intraday and swing trading!

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