May. 8 at 9:32 PM
Let's compare 2 very similar stocks:
$STRC and
$SOLM.
$STRC is based on Bitcoin and seeks to offer ~1% a month. If you think Bitcoin will do well, then its value should be still at 100 with a little money along the way.
$SOLM is based on Solana and seeks to offer a 36% annualized return. If you think Solana will do well, then its value should increase with extra money along the way.
When
$SOLM came out, I was the first to be skeptical of them guessing right. After all, they must guess right to make money.
I've done the math. In comparison to Jan 2nd pricing, Solana retains 73% of its value.
$SOLM should hold 80% of its value, but it's at 62%!
$SOLM MISSED.
I was right to be skeptical, because I was taught that if something sounds too good to be true it usually is.
Ponzi schemes usually do okay for a bit, but eventually unravel. Pushing down
$MSTR to try & drive
$STRC may draw attention from the Nasdaq 100 index,
$QQQ. Do index holders want to fund another stock they're not even a part of?
