Algorand: Many of us were bullish and invested. Now Algo is down more than 96% in USD and 99% against Bitcoin. What can we learn from this experience to prevent making the same mistakes in the future?

Many of us invested in Algorand. I also bought some. In 2020/2021, the entire subreddit was insanely bullish on Algorand. It was also mentioned all over social media and on many news websites.

https://preview.redd.it/h511mvvspn4b1.png?width=1200&format=png&auto=webp&s=5dfb4dd479e57685fd0010eafe3eacec4296f24c

But to say that Algorand has been a terrible performer would be an understatement. Some facts:

• Algo is almost 96% down from the November 2021 high
• Algo is down over 96% from all time high June 2019
• Algo is down about 99% against Bitcoin since June 2019 and keeps making new lows
• Algo is down 97% against Ethereum since January 2020 and keeps making new lows
• Algo is the second worst performing top 50 altcoin in the past 90 days. Bitcoin is up 28.5%, while Algo is down 34.2%.

So what can we learn from this to ensure that we do not repeat the same mistakes?

I'll share mine and then am looking forward to yours.

1. I will never again buy a cryptocurrency with poor tokenomics. Algo had over 500% inflation in 2021 while the staking rewards were nowhere near that. That is SO MUCH extra selling pressure. I now refuse to buy a project where staking does not cover inflation.
2. I will avoid cryptocurrencies that go for expensive yet meaningless partnerships. Algo got a Fifa World Cup partnership that was worth nothing. FTX and CDC did something similar by getting naming rights on stadiums (Miami Heat Basketball Team, Staples Center). This is paid for with users' money. So essentially current investors are the cash cow to draw in more idiots.
3. I will avoid projects that are heavily shilled here. Algo, LRC, ONE, LUNA, CRO, VET, CKB, Neo, and the list goes on. The inverse r/CryptoCurrency graveyard is heavily populated.* Quite a lot of this shilling was not natural.

*... but now everyone is bearish on Algo. What if it inverses to the bull side? ????