Bear markets reward reality over promise.
Bull markets reward promise over reality.
Bull markets reward promise over reality.
Yesterday in @placeholdervc's Tuesday meeting, @alexhevans pointed out that some of the assets with clearest fundamentals (eg, $MKR and $NXM) are slow and steady in their growth, while some of the shakiest cryptoassets raise eyebrows with their reflexive boom/busts.
.@BradUSV pointed out that sometimes teams that raise on the promise of things, fetch higher valuations than when they have real #'s that bring valuations back to Earth.
As we get further into euphoria, it may be frustrating to see things that promise everything but in reality have nothing be briefly but handsomely rewarded.
But don't worry, their rektoning will come in the bear -- focus on your flow.
Only things of substance last over the long term, as those are the things that continue to draw the attention of builders:
Only things of substance last over the long term, as those are the things that continue to draw the attention of builders:
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