"Almost all hesitantly believe that we are preordained to grow, every four years a big bull appears out of nowhere and leads us to the land of plenty"
Nobody dares question it and why would they?
It feeds their innermost desires, Moses taking them to the promised land and they the Israelites grumbling at the sight of the smallest inconvenience.
"Founders and “communities” celebrate big fundraises without any product as a win. Xs of Ys (Aave/Uniswap/pump.fun but on this chain) get funded left and right masking the fact that there is no true technological innovation like we had in the past cycle (DeFi)."
Very true.
How many people have read Bitcoin's whitepaper or Ethereum's or Solana?
What is the usecase for each of these tokens?
BTC was created as a technological innovation to SOLVE A PROBLEM
Same as ETH.
But the same old story remains, "buy low, sell high & don't forget narratives"
"but the narratives work best when you don’t think of them as narratives."
Trump gets shot in the ear and thousands of tokens are created in seconds. If you brought all the holders together in the room and ask them
why they are holding, they would all say "The narrative".
If you ask them what they plan to do, they say
"Sell at the top".
If you then ask them What happens if each person starts selling before they reach "the top" or decides not to buy or why even they bought?
They become speechless.
No concrete reason, just each person trying to be "smarter" than the next hoping the other 2000 holders are dumber than them so they profits off one another's bag.
Let's not even talk about the founders of these projects.
Funny how people see 0% taxes and still don't know what's up.
ChatGPT came 80 years after machine learning was invented. We have time.
"Almost all hesitantly believe that we are preordained to grow, every four years a big bull appears out of nowhere and leads us to the land of plenty"
Nobody dares question it and why would they?
It feeds their innermost desires, Moses taking them to the promised land and they the Israelites grumbling at the sight of the smallest inconvenience.
"Founders and “communities” celebrate big fundraises without any product as a win. Xs of Ys (Aave/Uniswap/pump.fun but on this chain) get funded left and right masking the fact that there is no true technological innovation like we had in the past cycle (DeFi)."
Very true.
How many people have read Bitcoin's whitepaper or Ethereum's or Solana?
What is the usecase for each of these tokens?
BTC was created as a technological innovation to SOLVE A PROBLEM
Same as ETH.
But the same old story remains, "buy low, sell high & don't forget narratives"
"but the narratives work best when you don’t think of them as narratives."
Trump gets shot in the ear and thousands of tokens are created in seconds. If you brought all the holders together in the room and ask them
why they are holding, they would all say "The narrative".
If you ask them what they plan to do, they say
"Sell at the top".
If you then ask them What happens if each person starts selling before they reach "the top" or decides not to buy or why even they bought?
They become speechless.
No concrete reason, just each person trying to be "smarter" than the next hoping the other 2000 holders are dumber than them so they profits off one another's bag.
Let's not even talk about the founders of these projects.
Funny how people see 0% taxes and still don't know what's up.
Middle thinker syndrome at it's finest
Brilliant!
When "[one of largest!] pools of crypto capital" get so upset on a personal level, you know you might be on to something :)
You've been bearish af for a while now. Let the 4 year cycle do its thing buddy. It'll be okay!
I have not been bearish at all if you look at my prev post it was "the optimistic crypto pitch" which is far from bearish
also bullish-bearish is a false dichotomy and thinking in those terms limits your imagination and ability to prepare for what might come