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Today I saw someone chasing after "whale address" screenshots and rushing in.
Let me first pour some cold water on myself: Was that amount used for building a position, or are they hedging or arbitraging, which externally looks like "all in"?
Honestly, before copying, at least check if it's a phased entry or if there's a counter-position elsewhere, otherwise you might think you're following a big shot, but you're just taking on the tail risk of their risk transfer.
Recently, social mining and fan tokens also seem quite similar, attention being treated as computing power to be exploited back and forth, with the hype spreading across the entire network for mining.
In the end, who’s paying the electricity bill… Anyway, I’ve been staring at the charts until my eyes hurt and my neck is stiff, reminding myself not to be the last one in the narrative whirlpool.
That’s all for now.