keep in mind that conferences have topped many narratives.
if everyone at a conference is preaching the same gospel, ask yourself who the next marginal buyer is.
lesson I learned the hard way as an investor
@brezshares not a pearl tweet but generally for medium-longer timeframe investments it's more important to have a strong sense of who the next wave of buyers are
@0xTraderSam ngl seeing that we're still traveling the world to have the same convos over and over with different groups of people brings a tear to my eye.
hope we never change (and I mean this sincerely).
"omg I'm gonna lose it all" --> probably a good time to buy spot
"omg everyone's gonna get rich besides me" --> probably a good time to tp if on lev
aligned on the thinking generally.
at a micro level with pump vs hl tho, I don't think there's a huge delta between consumers speculating on perps vs gambling on memes so I'd argue against saying one platform has more resilient activity than the other today.
they both have already demonstrated strength while BTC trades down, in a broader market correction tho I'd imagine both are impacted materially
I think ultimately what it comes down to as these products become more mainstream is productive activity vs speculative activity