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cnnr.wif
@cnnr_wifhat
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@hosseeb a lot of these investors/team are also otc selling the locked tokens at a discount to funds who then take big short positions, idk its all pretty broken imo
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RT @BasedMoneyLich: All of you phaggots that suck and slob CZ's dick & balls how do you feel now?! Do you feel gay? I hope you do... bunch…
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@Albert_Hoffman_ @Albert_Hoffman_ perfectly balanced, missed the parts where my long was way underwater and also when i was very in profit and is now flat
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@SolJakey been thinking about this again and I still think you're wrong in your post. "Publicly admitted he wasn't selling his supply" - he couldn't shut the fuck up about selling at $500m. he just needed to dream bigger, or say over X market cap I'm selling Y amount for charity and we're gonna do this for a good cause - either of those would've pumped it higher CTO lead who keeps talking about selling is not a CTO lead who knows how to pump a coin
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@steven_dimond @SolJakey @stoolpresidente Ah gotcha, fair enough. Yeah was never gonna get that high. Market is too efficient.
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@steven_dimond @SolJakey @stoolpresidente who is your marginal buyer at $450m for a token that will top out at $500m? Guy who is gonna perfectly time a sell right before $500m? it's not that it can't just hit $500m, it won't get close.
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doesn't matter, you play the game with the facts that you have Dave (token CTO/figurehead): says he will sell at $500m. You/other investors: well shit, I have to sell before Dave does because after he sells the coin is dead. Markets are forward looking and it appears that the market discounted the risk and lack of ROI to a peak valuation of around $250m. Like if I was a realtor selling identical houses in a neighborhood and I said yeah I'm gonna sell them all at $1m and after I sell them the valuation goes to $0, what value would you place on buying one of those houses? That's just what it is. There was a smarter way to play this for Dave, but he didn't know and didn't play it that way.
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doesn't matter, you play the game with the facts that you have Dave (token CTO/figurehead): says he will sell at $500m. You/other investors: well shit, I have to sell before Dave does because after he sells the coin is dead. Markets are forward looking and it appears that the market discounted the risk and lack of ROI to a peak valuation of around $250m. Like if I was a realtor selling identical houses in a neighborhood and I said yeah I'm gonna sell them all at $1m and after I sell them the valuation goes to $0, what value would you place on buying one of those houses? That's just what it is. There was a smarter way to play this for Dave, but he didn't know and didn't play it that way.
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@Albert_Hoffman_ I think there's some pyschological resistance to fartcoin not passing wif, but think it breaks (hopefully for my bags)
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