What is Nostr?
Morpheus
npub1jzj…5ntu
2024-08-09 22:36:36

Morpheus on Nostr: Think I will post here because you can't type out anything of length on shitter: Most ...

Think I will post here because you can't type out anything of length on shitter:

Most people have no clue of market structure. They have never seen TA or any kind of financial models. Their only time seeing historical price structure is on a user friendly app or yahoo finance line chart. They have no idea of fundamentals and ranges. They can conjure grandiose ideas that an asset could hit crazy high or could "go to zero." You see it all the time even with people like Saylor. They have no experience seeing bitcoin charts. At anytime it could jump or dump. it is a window into their shallow understanding.

Its an old byproduct of interpreting the world with incomplete information. In the past there was no readily available information for most decisions people had to make. What they had to do was use their gut feelings, or some crude logic to just make the best choice possible. This low-information mindset is still strong with pre internet people. This has a huge effect on their ability to judge assets. They either rely on authority figures or established
narratives to guide them.

This is why there are so many assets. Almost all of them are dogshit and shouldn't exist because of their awful yields, but they do because we still exist in a majority population thinking that anything could happen and anything could reprice way greater.

Author Public Key
npub1jzjh6uclpr4stsgh9257rcztfm7kwsty8lsxr2gxangscmwu3f9q545ntu