jakiro
Author: Jesse Walden, co-founder of Variant Fund; Translation: 0xjs@Bitchain Vision
As the market rises, both signal and noise increase.
Signal:
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The maturity of technology has expanded the possibility of adjacent
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More and more talented teams are launching interesting projects
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Price reflexivity arouses more general interest and use
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Experiment speeds; new best practices continue to emerge
noise:
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More mercenary teams start popular narratives; copy-paste projects
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Everyone is posting a story, a token, and then the token will rise
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A series of projects raise high-priced funds
Because everyone in the cryptocurrency space is an investor to some extent (whether by holding tokens or starting/operating a startup), it is important to look at short-term opportunities with a balanced perspective and a rigorous perspectiveLook at long-term opportunities to analyze increased trading volume.
I try to remind myself of the following principles:
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Short-term token prices do not predict long-term success.
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Popular projects are more likely to encounter adjustments from the black swan event.
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In high noise environments, time management is crucial: measuring the time spent on short-term games and long-term games.It is dangerous to ignore both, and it is even worse to confuse them.
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When working with partners, it is very important to know what games they mainly play.
I have been in the cryptocurrency industry for ten years and I still insist on long-term investment.That being said, it’s important to know the game on the field – sometimes the best way to know the game is to get involved.There are signals in the noise.But don’t lose your way.Use your time wisely.
