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is it just me or does anyone else smell a problem with what's happened to this market with the rise of de-fi, uniswap et al? entire cycles that used to take months have been played out in a week, last week that becomes days and then a day and now hours..
frenzied micro-management of these ever decreasing cycles is somehow being normalised, hundreds of millions suddenly enter and then exit the newest hotness as quickly as they came, leaving a trail of burnt out uselessness. even the supposed blue-chips (lol) of this newness are..
..experiencing ludicrously accelerated market cycles, major exchange listings within weeks of their nascence, legit commentators/traders hailing as game-changers, yet two weeks hence they've bled 60% and are being dismissed as meh and nobody seems to raise an eyebrow. the whole..
thing reeks of (wrapped) fomo that's birthed a frenzied cannibalistic gold rushing circle-jerk of unreality people are doing their level best to convince themselves is perfectly ok but are in private struggling to recognise as anything solid, navigable or enduring.
