{"id":27562,"date":"2022-08-30T22:27:10","date_gmt":"2022-08-30T22:27:10","guid":{"rendered":"http:\/\/egrowonline.com\/?p=27562"},"modified":"2022-08-30T22:27:10","modified_gmt":"2022-08-30T22:27:10","slug":"heres-how-low-cap-altcoins-are-like-penny-stocks-according-to-the-wolf-of-wall-street","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=27562","title":{"rendered":"Here&#8217;s How Low-Cap Altcoins Are Like Penny Stocks, According to The Wolf of Wall Street"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>The original Wolf of Wall Street, Jordan Belfort, says that low-cap altcoins have one crucial similarity to penny stocks, or stocks worth less than $1 per share.<\/p>\n<p>In a new <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=mSBDnc-HY48\" rel=\"noopener\">interview<\/a> with Yahoo Finance,\u00a0Belfort says the two types of assets share one key trait, that being if investors get into them early enough, they stand to make a lot of money.<\/p>\n<p><em>\u201cYes, you\u2019re right, with those ultra low cap deals. If you get a hold of one of those things at the right time, you can make just massive, massive amounts of money. <\/em><\/p>\n<p><em>But the flip side of that [is] that you\u2019re playing in someone else\u2019s playground. You\u2019re not the house, they\u2019re the house, and you\u2019re coming in there and most of the time you\u2019re probably going to lose.\u201d <\/em><\/p>\n<p>The veteran trader then says that even well-informed investors are taking a risk when they invest into low-cap crypto tokens. According to Belfort, the best way to win when buying these assets is to get in as early as possible.<\/p>\n<p><em>\u201cI don\u2019t think there\u2019s any amount of research you can do to protect yourself from ultra low-cap except getting in really really early because it doesn\u2019t matter if it\u2019s good [or bad] management. <\/em><\/p>\n<p><em>[When] they\u2019re that low, what\u2019s going to end up happening is it\u2019s gonna take it\u2019s ride up and then when it gets to the top, people [are] going to dump it again. I am not saying a rug pull per se, just that they all have the same predictable cycle. <\/em><\/p>\n<p><em>They go up, and once they crater they seldom come back so you have to get into these things the moment they come out and they\u2019re publicly on the decks, or better still is before that on some kind of launch platform or even better on a Series A [fundraising round] or a seed round.\u201d\u00a0<\/em><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Jordan Belfort talks about bitcoin and the Crypto Crash | The Crypto Mile\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/mSBDnc-HY48?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><span style=\"color: #ffffff\">I<\/span><br \/><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" rel=\"noopener\">Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Check <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Follow us on <a target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\" rel=\"noopener\">Twitter<\/a>, <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" rel=\"noopener\">Facebook<\/a> and <a target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Surf <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\" rel=\"noopener\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" rel=\"noopener\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt\">Featured Image: Shutterstock\/Digital Store\/KWstudio<\/span><\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/dailyhodl.com\/2022\/08\/30\/heres-how-low-cap-altcoins-are-like-penny-stocks-according-to-the-wolf-of-wall-street\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The original Wolf of Wall Street, Jordan Belfort, says that low-cap altcoins have one crucial similarity to penny stocks, or stocks worth less than $1 per share. In a new interview with Yahoo Finance,\u00a0Belfort says the two types of assets share one key trait, that being if investors get into them early enough, they stand [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,164,3624,2343,455,905,904,2259],"class_list":["post-27562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-heres","tag-lowcap","tag-penny","tag-stocks","tag-street","tag-wall","tag-wolf"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/Altcoins-Are-Like-Penny.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27562"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27562\/revisions"}],"predecessor-version":[{"id":27564,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27562\/revisions\/27564"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/27563"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27562"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}