I continue to be amazed by crypto experts.
I don't know where this text came from, but it was reposted in some chat where it sparked interest and discussions:
When Stark was released at $3-$5 everyone shouted it was a gem.
When Stark fell to $1.7-$2 everyone shouted it was a super discount and an unbelievable price.
When Stark fell below $1 everyone was rushing to average down.
The price below $0.4 (which is already 10 times below the listing) was only bought by the brave.
In the last months, it has been in the range of $0.09-$0.15 and everyone is already shouting that it is a scam, even the influencers who promoted it.
I honestly don't know what information fields you live in, but this 'everyone' just drives me crazy. Who exactly are those 'everyone' who shouted that this is a gem? I heard how Gnat hyped Stark, but our opinions often do not coincide, although the overall view of the market is quite similar. In my information fields, I have not seen Stark hyped anywhere else, ever.
In general, I just wanted to respond for myself.
When STRK hadn't been released yet — I wrote that it's nonsense that after the drop won't be needed by anyone. When it was released — I wrote that the listing price is a ridiculous overvaluation and all the long holders will get shaved. When it fell below $1 — I wrote that if the market is normal — one could think about buying a little on the bull.
Around $0.5 I first bought $100, 'just to have it'. When it fell below $0.2 — to the questions 'Is Stark a scam?' I started answering something like 'Of course, right now it is needed by no one! But in good market conditions, it can be pushed anywhere, and the more it is dumped from the current levels — the more opportunities there will be for a pump in the future.'
I mainly wrote in the chat, because considering a large buy of THIS in the main channel — who knows, definitely not about me. Essentially — I answered the questions of those who somehow typed in on foreign 'signals'.
Don't think with someone else's head. Don't think that 'funds are smarter than us and they jumped in'. Yes, undoubtedly, they are smarter, and they really jumped in. But you don't know all the real inputs and have no idea how much these funds have already unloaded on you.
All this hype is created to hype the idea of how gemmy the gem being sold to you is. First, they sell to influencers who hype it up and provide free marketing. Then these same influencers, who buy at $2 and write about it publicly, create liquidity for exits for both teams and funds. And even if according to the tokenomics, none of them have unlocks — believe me, there are plenty of ways to hide their tokens.
In Lazy Football, which spent about $500k over 3.5 years of endless development of a cool product, with a 565-fold difference in funding and 10 times fewer users than in the giant blockchain Starknet, which raised $282.5 million.
Don't believe in hype. It comes and goes, while retail becomes liquidity. But sooner or later, there will come a stage in the market when all this crap will start to fly up. If you don't sell at the bottom — most likely, you'll start to exit at break-even or a small loss after this very crap draws dozens of x's from the bottom. And then you'll buy at the highs. Classic.
Someday the potential of projects will start to be evaluated differently. But that will already be a completely different story. And you will have to jump in at too late stages.
