Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility.
Belfort's rise to prominence in the 90s and eventual run in with the Securities and Exchange Commision , was in part, due to brokering deals for these stocks.that these types of investments have the “same predictable cycle” which can generate huge returns but can also burn investors who fail to cash out at the right time:
“I don’t think there’s any amount of research that you can do to protect yourself from these ultra low cap [assets], except getting in really, really early. It doesn’t matter if it's good management [or] bad, they’re that low that what's gonna end up happening, it's gonna take its ride up, and then when it gets to the top, people are gonna dump it.”
Please refer to this guy as a 'scammer', cause hes no financial genius but merely a scammer like 90% of WS parasites.
I've always been bad at gambling
Bitcoin and Ethereum were once low-cap crypto assets. It really is a case-by-case basis.
Stay in jail crook
Thankss 🚀
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