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Not researching and going all in to become the biggest winner? Three Arrows Capital founder: Your "leek" friends' earnings are ten times yours.

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Not researching and going all in to become the biggest winner? Three Arrows Capital founder: Your "leek" friends

Insiders in the cryptocurrency circle know that your dumbest friend will make ten times more money than you, and when you can't stand the FOMO and start buying the garbage coins that your friends invested in before, your friends will buy the "value investment projects" that you held for a long time because they started researching, and then they win over you again.

Putting aside the sell-off on May 13th, have you had friends who just entered the cryptocurrency circle since last year's bull market, did no research at all, but went "all in" on a trending project and made a fortune?

Especially with the recent hype around Shiba Inu coin, it's often heard that some friends who are new to the cryptocurrency world are purely in it for the dog coins, rather than Bitcoin, which is the number one in market value.

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Founder of Three Arrows Capital, Zhu Su, has expressed his views on this phenomenon, explaining how to interpret the skyrocketing of dog coins.

Not Studying, All in to Become the Biggest Winner?

Zhu Su tweeted as early as April:

If this is your first encounter with a bull market, you might think that your dumbest friend starting to invest in cryptocurrencies is a signal of the bull turning bear. However, in reality, the big shots in the crypto world know that your dumbest friend will earn ten times more than you, and when you can't resist FOMO and start buying the junk coins that your friends invested in before, your friends have bought the "value investment projects" that you held for a long time, because they started researching, and then they win over you again.

Using the following image as an example, Zhu Su discusses a chart created by Twitter user - The Kennel Master The Kennel Master, who referred to it as the "lowest IQ investment portfolio" ever.

Not only does it include Shiba Inu coin SHIB, Akita Inu coin AKITA, Dogelon ELON, all projects are related to dog names, and even Keanu Reeves' dog Keanu Inu is included.

Despite many projects showing negative investment returns, the overall return rate is still quite impressive.

Counterarguments from the Old Hands

Community opinions on this investment portfolio chart are polarized. Some point out that their dumbest friends would not create such a chart; some say it reminds them of the 2017 ICO bubble; and the most common response, user @PowerSoula asks where to buy these coins?

This may resonate most with the old players who missed out on the dog coins, as @SatoshiTitan mentioned:

My friend bought dog coin stocks on RobinHood, and now the returns far exceed my SUSHI, UNI, and AAVE.

DeFi veteran researcher and investor Joey Wong commented:

To go all in at this level, I might need to compartmentalize my brain, as this is a completely different line of thinking.

FOMO is Only Temporary

Zhu Su's point is that speculation is temporary, and ultimately value will return to top-tier projects. Click here for the projects Zhu Su favors, and you can check Three Arrows Capital's holdings on the crypto research institution Messari.

Perhaps newcomers who do not understand the depths of the crypto world have made huge gains in this wave of animal coins, even safely getting off at the peak. However, until leaving the market, no one can be considered a winner, even with incredible skills, no matter how much they earn by going all in, the day the car flips will eventually wipe out all accumulated assets.