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tochi
learned a few things
current mental mode is new launches are extractive, benefits only insiders and team members so it's best to avoid as an outsider (retailer) most especially
the surge in team members leaving their eco few months after tge + chart down only validates that
anyone still willing to put skin in the game will rather pivot to fundamentals, betting on established coins/apps with real pmf
5 hours ago
Having conviction hasn't really paid off in a long time in crypto.
New tokens usually bleed to zero after TGE.
Even the strongest communities fade over time as there is less and less to believe in. We've seen that in NFTs.
All that results in short-term mindsets.
Which is understandable from a investor/user POV but only accelerates this overall trend.
The only real way to reverse this dynamic would be a few real mid- to long-term success stories.
Not the fake ones where the team holds 95% of supply and market makes new ATHs.
But that's difficult because:
Having conviction hasn't payed off in a long time in crypto.
It's a chicken-and-egg problem
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