DoomPosting
$PAIN presale update 2 hours ago Apparently they’re saying that the liquidity would be too thick if they used all $40M that was raised, and so they’re refunding 80%? = Refunding $32M and using the remaining $8M for liquidity? Will run the calculations…
Whether $PAIN turns out a huge success or not, it does bring to mind one classic piece of tradfi VC wisdom
— Can’t just go looking for something that’s wrong and then immediately write off a prospective investment,
must also look for what what could go right,
because sometimes what’s right is so huge that it can overpower the massive things that are wrong.
(And this is why e.g. whiny UK losers will always be failures at VC, they can’t overlook negatives.)
Canonical example in tradfi was Twitter — which was well known to be run by absolute moron clowns from the start.
Canonical example in crypto is Bitcoin — whose loudest chief promoters in the early days were literal convicted fraudsters, who most definitely did not even actually believe that Bitcoin was the real deal.
So yeah, $PAIN had some major bad signs from the start — but also some massively positive signs too,
making it one of the most… painful… ones to judge in recent memory
No pain no gain
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— Can’t just go looking for something that’s wrong and then immediately write off a prospective investment,
must also look for what what could go right,
because sometimes what’s right is so huge that it can overpower the massive things that are wrong.
(And this is why e.g. whiny UK losers will always be failures at VC, they can’t overlook negatives.)
Canonical example in tradfi was Twitter — which was well known to be run by absolute moron clowns from the start.
Canonical example in crypto is Bitcoin — whose loudest chief promoters in the early days were literal convicted fraudsters, who most definitely did not even actually believe that Bitcoin was the real deal.
So yeah, $PAIN had some major bad signs from the start — but also some massively positive signs too,
making it one of the most… painful… ones to judge in recent memory
No pain no gain
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DoomPosting
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Imagine getting stuck there (crash, fire) and you don’t even have space to open the doors to escape
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Left attempted to silence Rep. Nancy Mace for using the term “tranny” in reference to the mentally ill autogynephilic men who think they’re women, to which she responded: “tranny, tranny, tranny”
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Imagine buying $TRUMP and being down 90%
No wait, this is $BTC’s price chart, where it was down 90%
By comparison, $TRUMP is down 76% from its peak
Not quite sure where $TRUMP will eventually go, but… man people these days have no idea what it really means to HODL
(And man, you really probably gotta get in early or not at all on these. Don’t sleep.)
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No wait, this is $BTC’s price chart, where it was down 90%
By comparison, $TRUMP is down 76% from its peak
Not quite sure where $TRUMP will eventually go, but… man people these days have no idea what it really means to HODL
(And man, you really probably gotta get in early or not at all on these. Don’t sleep.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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