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Cooki
@cooki
the biggest mistake people in this industry make is conflating market dynamics with truth "we got more users so I'm right" "look at the price ratio, I must be correct" I've said it before and I'll keep saying it, Terra Luna had thousands of users and tens of billions in market valuation - the market is not a truth machine, it's a capital allocating machine, and capital can and is grossly misallocated often, especially in this industry
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