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wake
@wake.eth
543k+ now, another big spike. juicy tip to whoever can tell me what is driving the token spread. looked over it yesterday and didn't see any smoking guns. did happen to notice some new vesting contracts and a new multisig from degen core tho 🥃
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Ese 🌳
@esss
https://warpcast.com/missangel/0x01fdda64 The crowd doesn’t understand the difference between price and actual development because they’re just not checking farcaster everyday, they mostly buy stuff just because it goes up, so mostly from twitter and coingecko checkers, they buy a small bag with no conviction and on to the next pumping coin
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Ese 🌳
@esss
They’ll get conviction when they do their own research, no shortcuts to understanding something at the ground level
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wake
@wake.eth
right. "dyor" means a LOT in crypto. personal responsibility, mostly 🎩
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Ese 🌳
@esss
Exactly, most of low conviction "bets" aren't from people that try the actual project but rather invest from the sidelines, so when price goes down they go to the devs or public figures to ask for price, when you take action and build you know what does the disconnection from price and building really means
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wake
@wake.eth
we've all been to discord, yeah? twitter? same thing. sideliners bitch, then mosey along or become fanatics. over and over, little by little.
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Ese 🌳
@esss
Yeah imagine they clearly understood that farcaster is the place to build your personal brand, imagine if all of the degen holders bought the 10k degen, soon they'll understand
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wake
@wake.eth
a lot of this will be /painfully/ obvious by next year: play the game right, with an eye to the horizon. all of this is headed /somewhere/
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