The Unreliable Wealth Effect

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Rethinking the meme:

Memes are viruses. It is a virus that accidentally triggers the spread of the capital chain due to the right people and the right time. The public opinion and funds quickly spread to each other.

Meme is a voting machine with an average lifespan of three days in the web3 circle. Buffett said that the market is a weighing machine in the long term and a voting machine in the short term. Meme is the best candidate for voting. Voting machines are the other side of the market. If you don’t understand voting, you are not enough to speak of the encryption market.

Memes are dumb money hooks. For stupid money, they have no idea about modular trading, and they will never understand what modularity is. They only know what a dog is and what a frog is. Folks buying codes are also buying dogs and rats. The cognitive threshold must be lowered to less than 10 years old. Ordi suffered this loss. Bringing new money, stupid money, is also called breaking the circle.

Memes are Giffen goods. Funds drive consensus. In the short term, the influx of funds and the increase in prices will promote the expansion of consensus. And then bring in more money. What's the consensus here? It is a short-term collective illusion brought about by K-lines and narratives.

Meme is the simplest mutual aid disk. Return to nature, no dog village pumping water, no overall debt and liquidation. There is no chip price difference, no difficult mechanism, and no complicated things. It returns to the original appearance of the second level under the sycamore tree.

It’s rare that a meme doesn’t have the goal of learning. web3 circle learning valve has the right to interpret the project. Xue Val writes dozens of pages of reports to define what the project is, but what retail investors say means nothing. Retail investors are confused and are pitifully bullied. In memes, no fundamentals are the simplest fundamentals. There are no hateful academics. The meme fits the backlash of anti-intellectualism.

The meme is unreliable. Only unreliable things have amazing wealth effects for retail investors. Only unreliable things can escape the pursuit of value investors. Retail investors can't beat value investors no matter how hard they work for knowledge, capital, patience, or experience. Only by relying on unreliable targets can you get your own amazing wealth effect. On the contrary, it also suffered a lot of losses.

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