I forced myself to watch all 9 minutes.
The idea of going towards the crypto’s with the best network effect in the long-run: yes, this is the goal, ultimately, if you want to sit and hold something for decades. Adoption is good right?
But, this is not a logical market. Holding a crypto based on its network effect alone, unless the network is tied directly to its supply/demand token economics (I.e. real world utilization of token to fuel license agreements, or something similar), you will ultimately end up buying someone else’s bags, and hold them to the ground in the inevitable 90% downturn.
Speculation is what drives this market in the mean time, speculation leads into network effect, but speculation is the initial spark (the fuel that sets off the greed/fear), so following this logic instead, if you did the complete opposite of what Thomas suggests:
-Don’t follow the herd
-Don’t invest where money has already largely invested (gains made)
-Do be a contrarian (give and take)
-Don’t always hold long term (take profits that the market gives you)
You will be able to take advantage of the market valuation inefficiencies, make gains along the way…And by not holding through the 90%+ downturns, you can have your cake and eat it too by realizing profits.