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by COINS NEWS 127 Views

I put $500 into MIR.

MIR crashed from an all time high market cap of 650 million and eventually dropped to a 2 million market due to its association to terra/luna.

Buying in at $.021, if it reached its all time market peak of $10.00, that would be over a 450x increase.

As soon crypto bull runs reach fever pitch and are at the mainstream consumer level, fundamental analysis tends to go out the window - it just doesn't matter.

Assuming my investment has the potential of a 450x increase, this should give me 450:1 odds that my investment will pay off to some degree. Even if nothing happened, the potential gain justifies the expense.

While volume is still 1/6th of market cap, MIR is up 30% in the last week.

Please roast me and tell me why this is a terrible idea.

submitted by /u/catattackskeyboard
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