What is the essence of MEME? A pro's "no-nonsense" perspective from the crypto world.

Recently, I came across an interesting article on Twitter, written by a senior player in the crypto world, discussing three viewpoints on MEME, long-termism, and investment. Let's break it down.

MEME is not a star effect

The author said a classic line: MEME is the silent thunder, the ultimate expression of the masses, the impact of subculture on mainstream culture. It sounds mysterious, but what it really means is that MEME truly comes from the grassroots, not created by celebrities.

Looking at the history of Doge makes it clear. Back in 2013, Doge both mocked Bitcoin and self-destructed, leading the developers to give up, and as a result, the community took charge. Later, when Musk tweeted, Doge transformed from an inside joke into a global cultural phenomenon. But this wasn't because Musk was particularly smart; rather, Doge was already the best expression of that era.

The key point is: If there is only hype without actual products, beliefs, or faith grounded, it will be fleeting. A true MEME that can surpass Doge must be able to transform into something lasting.

Is long-termism really outdated?

The author's point of view is: It's not that long-termism is outdated, but that you may have chosen the wrong target.

She raised a sharp question - why can't current project valuations return to the ICO era? The answer is: it’s reasonable that they can’t go back. The market is evolving, the market size in 2017 was much smaller than today, and the capital scale during the DeFi Summer in 2021 was also not as large as it is now. But at the same time, there are more quality entrepreneurs entering, and the entire industry is expanding.

Investment advice:

• Sell in a bull market and buy in a bear market according to the economic cycle (basic operation)
• Follow the Pareto principle (80/20 rule), not all coins are worth heavy investment.
• At least allocate 20% in coins, because in the information age, top assets are the stocks of leading internet companies and coins with network effects.
• If the fundamentals are good but the volatility is low, do not gamble more than 10% of your disposable assets.

The most realistic statement

“Most of the principles are understood by everyone, but it's difficult to persist in executing them. It's just like losing weight.”

This hits hard. Everyone knows that you need to hold good projects for the long term, buy low and sell high, and do your own research. The question is, how many can actually do it?

Core takeaway: Instead of chasing trends, it’s better to become the trend itself. MEME will change, cycles will change, but there will always be new opportunities. The world is driven forward by a very small number of people.