👀6
Update: So, no doubt the lines can have predictive power, in some cases achieving a high percentage correct
Though in investing, the question isn’t actually one of percents at all,
but rather a question of discounted value,
where percentage correct would be just one of the many discounting factors.
E.g. do any gains from a correct majority overcome any losses from the incorrect minority
Perhaps, in theory, if these memecoins are full of amateurs
Tbh idk.
But interesting to wonder.
(FWIW, didn’t get alerted to this one through technical analysis, or even from any signals derived from prices at all, and still don’t believe in technical analysis as a foundation or major component of any strategy, aside from perhaps order execution, but open to looking for evidence otherwise…)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Though in investing, the question isn’t actually one of percents at all,
but rather a question of discounted value,
where percentage correct would be just one of the many discounting factors.
E.g. do any gains from a correct majority overcome any losses from the incorrect minority
Perhaps, in theory, if these memecoins are full of amateurs
Tbh idk.
But interesting to wonder.
(FWIW, didn’t get alerted to this one through technical analysis, or even from any signals derived from prices at all, and still don’t believe in technical analysis as a foundation or major component of any strategy, aside from perhaps order execution, but open to looking for evidence otherwise…)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀4
$LESTER falls below its trendline
And then so too do all the other new mascot coins
Clearly all following $LESTER
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
And then so too do all the other new mascot coins
Clearly all following $LESTER
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀4
Words of the failures, commies, and fools.
Anyone treating memecoins like gambling is doing it all very wrong, despite what the commies may tell you.
As Thiel and many others point out,
Those who treat these things as gambles tend to use it as an excuse to refuse to put in the proper effort, or make themselves feel better about missing out, or an excuse for forced redistribution of wealth
While those who believe these shouldn’t be treated as gambles, instead tend to put in the required work, which often is large, but which is needed to turn this activity into something other than a dumb gamble.
Treat things as a gamble and you end up as the gamblers do.
You are not a lottery ticket.
Gambling is for losers.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Anyone treating memecoins like gambling is doing it all very wrong, despite what the commies may tell you.
As Thiel and many others point out,
Those who treat these things as gambles tend to use it as an excuse to refuse to put in the proper effort, or make themselves feel better about missing out, or an excuse for forced redistribution of wealth
While those who believe these shouldn’t be treated as gambles, instead tend to put in the required work, which often is large, but which is needed to turn this activity into something other than a dumb gamble.
Treat things as a gamble and you end up as the gamblers do.
You are not a lottery ticket.
Gambling is for losers.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯10❤🔥2👏2
That said,
Have long noticed many successful startups having a large subset of their employees not really believing in the product or industry at all,
at least not prior to it becoming a big success.
Strange phenomenon, though suppose it makes sense
— if those people really had believed in the mission, they’d probably be off doing it on their own, rather than getting paid by a startup to do it.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Have long noticed many successful startups having a large subset of their employees not really believing in the product or industry at all,
at least not prior to it becoming a big success.
Strange phenomenon, though suppose it makes sense
— if those people really had believed in the mission, they’d probably be off doing it on their own, rather than getting paid by a startup to do it.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯6😢1
Classic Oak Tree Capital Memo:
+ “What makes a decision great is not that it has a great outcome”
+ “A great decision is the result of a great process”
+ “you can’t tell the quality of a decision from the outcome.”
+ “This revelation had a profound influence on me as a 17-year-old and represented the first critical building block in my understanding of how the world worked.”
Memo
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+ “What makes a decision great is not that it has a great outcome”
+ “A great decision is the result of a great process”
+ “you can’t tell the quality of a decision from the outcome.”
+ “This revelation had a profound influence on me as a 17-year-old and represented the first critical building block in my understanding of how the world worked.”
Memo
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💯6
IMO
My often-repeated advice
Always go in early on,
or never at all
(Though early does NOT have anything to do with lowest market cap, but rather, literally, literally early as in time)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
My often-repeated advice
Always go in early on,
or never at all
(Though early does NOT have anything to do with lowest market cap, but rather, literally, literally early as in time)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯7👀4