Forwarded from not @miyahedge
for speculation to continue to exist there has to be a lot of real value beneath it, this is why bonkfun died out quickly, this is why launchcoin retraced hard
if you invest in launchpads/infra projects always keep in mind that if there's no value underlying it, it's probably worthless and will go to 0 pretty quickly
speculation isn’t a sin, it’s the metabolic noise of discovery. bubbles recur not because humans are irrational, but because bubbles are the fastest attention-allocation protocol we’ve ever stumbled on. they’re lindy for a reason: manias drag capital to the frontier faster than any five-year plan ever could.
the problem is the paper-castle phase. when speculation wraps nothing, it just speedruns entropy. bonkfun collapsed because it was pure velocity with no mass. launchcoin retraced because it initially was a pure wrapper-theater with no anchor. untethered speculation doesn’t die out, it cannibalizes itself.
if you invest in launchpads/infra projects always keep in mind that if there's no value underlying it, it's probably worthless and will go to 0 pretty quickly
speculation isn’t a sin, it’s the metabolic noise of discovery. bubbles recur not because humans are irrational, but because bubbles are the fastest attention-allocation protocol we’ve ever stumbled on. they’re lindy for a reason: manias drag capital to the frontier faster than any five-year plan ever could.
the problem is the paper-castle phase. when speculation wraps nothing, it just speedruns entropy. bonkfun collapsed because it was pure velocity with no mass. launchcoin retraced because it initially was a pure wrapper-theater with no anchor. untethered speculation doesn’t die out, it cannibalizes itself.
Crypto Mumbles
Dollar Wrecking Ball https://x.com/hash_cough/status/1964173768731086990
🧵 Thread • FxTwitter
Hash_ (@hash_cough)
TL;DR
COVID marked the U.S.’s most effective export of inflation via dollar liquidity and financial plumbing.
The debt ceiling bluff and bond market reaction exposed the impossibility of fiscal restraint in the U.S.
The BRICS de-dollarization push remains…
COVID marked the U.S.’s most effective export of inflation via dollar liquidity and financial plumbing.
The debt ceiling bluff and bond market reaction exposed the impossibility of fiscal restraint in the U.S.
The BRICS de-dollarization push remains…
Forwarded from The Kobeissi Letter
An economic data confidence crisis:
A new poll found that 89% of economists are "concerned about the quality of official US economic data."
With over -1.1 MILLION in negative net revisions out of US jobs data since 2022, something is wrong.
US economic data is losing credibility.
(@TheKobeissiLetter)
A new poll found that 89% of economists are "concerned about the quality of official US economic data."
With over -1.1 MILLION in negative net revisions out of US jobs data since 2022, something is wrong.
US economic data is losing credibility.
(@TheKobeissiLetter)
Forwarded from Frens Market Feeds
Fundstrat co-founder Tom Lee’s SPAC, FutureCrest Acquisition, has filed for a $250 million IPO with the U.S. SEC on September 5. The blank-check company targets investments in AI, fintech, and digital assets, and plans to list on Nasdaq under the ticker FCRSU. 一 link
i think about this a lot
for most of us here, we are trapped in a cage that we've built ourselves
someone else's dream, your own nightmare
i used to think why aren't people panicking and trying their best to escape the matrix
and eventually realised that they are already living their best lives and are much happier than 90% of the people on ct
for most of us here, we are trapped in a cage that we've built ourselves
someone else's dream, your own nightmare
i used to think why aren't people panicking and trying their best to escape the matrix
and eventually realised that they are already living their best lives and are much happier than 90% of the people on ct
👍16