【Noblesse Oblige CryptoDiary 8】The Absurdities of the Cryptocurrency Market and the Essential Approach
- noblesseobligeysno
- Sep 3, 2024
- 2 min read
Aside from top-tier examples, most efforts to establish a currency end up being futile. Despite significant investments, these efforts often fail, with funds eventually benefiting other companies, leading to market collapse without anyone gaining any profit. This is a common phenomenon with most currencies. In other words, except for a few rare cases, the situation is fundamentally flawed. We focus on real-world phenomena and eliminate the negative elements within them. Relying solely on luck to achieve stability is not sustainable; it's essentially gambling.
Investors' money is often spent on influencers, media advertising, cryptocurrency-related media, listing fees, expensive promotional videos, PVs (promotional videos), and news articles. However, the effectiveness of these elements is often unclear. In reality, such spending often involves inflating evaluations with fake metrics or bots, resulting in numbers that have no real impact on the market. This is because influencers and media are engaged in superficial advertising to earn money, creating the illusion of substance and effectiveness where there is none. If you try it yourself, you'll likely find that these efforts often lack real impact.
Marketing funds are thus used for elements with no tangible effect, leading to market crashes. The money spent on deceptive advertising is not recouped, and the funds simply escape the market without being reinvested, causing the investment to flow to other companies and eventually leading to the project's collapse. Many of the cryptocurrencies you’ve seen over the past few years follow this pattern. It’s often unclear whether the investments made by the project’s management were meaningful. The number of cryptocurrency projects that waste investors' money and end up in a state of "putting the cart before the horse" is immeasurable—almost all of them, in fact. Considering this background seriously is crucial.
We pursue and implement structures designed to maintain price stability. Although currently not in the spotlight, our approach is a potential gem with underlying brilliance. Understanding these detailed realities and addressing them is the essence of the market. By dismantling negative structures and building the strongest possible framework, success depends on how quickly one can recognize and act upon this. People generally only show interest in intentionally created trends, which is clearly reflected in statistical data. Politics, advertising, and news are often intentionally crafted. Eliminating such essentially pointless elements and focusing only on what truly matters is the essence of Noblesse Oblige.
Telegram：https://t.me/Noblesse_Oblige_No_1/1
Comments