@curiosity0x

Day 134: - As you can see on the screenshot below, I completely faded the whole Aster move. I really struggle to put myself in someone else’s shoes. For example here, the token was carried by its link to CZ. To me, that feels ultra abstract. Objectively, and as I said in the tweet, I just couldn’t see myself buying “only” for that reason. But in crypto, metrics are cool, yet they’re not everything that drives a token’s price. There’s also what’s being sold to people: the narrative, the dream. It feels like I had the same reaction as with TRUMP. “Ok, there’s a big name behind it, but it’s trash so I’d rather stay away.” Here, of course, it’s not a meme but the valuation (in my mental model) already looked too high. Turns out, that was wrong. The truth is, I just can’t wrap my head around who would buy after me, something that I myself wouldn’t have wanted to buy in the first place. On top of that, I felt like everyone had already gotten in and made profits. But that was also wrong. It was just Twitter’s algo giving me that impression. (Not sure how to avoid that one.) The worst part is that there was actually a small entry barrier here, you had to bridge funds to the platform to buy the token. That little bit of friction should have been a signal. In the end, not even putting in a tiny amount was also a mistake. I probably would have learned more by being a participant than just staying a spectator. Anyway, I’m not going to beat myself up over it. There will be other opportunities. And I didn’t even try to chase the beta plays (which will probably retrace once Aster cools down). What I don’t know is how to deal with this “midcurve” problem. Maybe I should force myself to at least put in something small on these kinds of plays, and gain experience from being in the arena instead of just watching.

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