Recently, the crypto assets world has once again stirred up a wave of excitement, with Tom Lee as the focal point. As the chairman of the Bitmine board, Lee has been frequently expressing his optimistic views on Ethereum on social media, even predicting its price will reach $8,000, or even $20,000. This optimistic prediction inevitably brings to mind Sam Bankman-Fried (SBF)'s previous enthusiastic endorsement of Solana (SOL).
However, history seems to be repeating itself. SBF once bought a large amount of Grayscale's GBTC and pledged it to Genesis, while frantically buying SOL and LUNA. Unfortunately, the good times did not last long, as the collapse of LUNA and the bankruptcy of FTX caused the price of SOL to plummet, turning former glory into a mirage.
Looking back at the early development stage of Crypto Assets, the term 'consensus' was frequently mentioned, and people believed that as long as they held a certain coin, they could achieve financial freedom. At that time, a 50-fold increase within a week was not uncommon, leading many to firmly believe in the saying 'a day in the coin circle is equivalent to ten years in the human world.'
However, this optimism is often driven by interests. Whether it's MicroStrategy or Tom Lee, it's hard to avoid a positive attitude toward the crypto assets they hold. This behavior pattern still exists in the current market, but the frequency of the term 'consensus' has decreased.
It is worth noting that the performance of BMNR (the stock code for Bitmine) has also been unsatisfactory, with its stock price having fallen several times. This once again reminds us that the capital market is always profit-driven, and there are no windfall profits without reason.
Since 2022, the vast majority of tokens newly listed on Binance have failed to return to their initial closing price, a phenomenon that investors should be wary of. In this rapidly changing market, rational thinking and cautious decision-making are more important than blindly following others' predictions.
The development history of the crypto assets market tells us that the statements of industry celebrities like SBF or Tom Lee should be viewed objectively. Investors need to form their own judgments rather than blindly follow so-called market leaders. In this field full of opportunities and risks, it is crucial to remain clear-headed and think independently.
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rekt_but_vibing
· 12h ago
Another sucker play people for suckers.
View OriginalReply0
YueTianxi
· 08-31 06:03
Just go for it💪
View OriginalReply0
OffchainWinner
· 08-31 03:01
It's good to play with spare money.
View OriginalReply0
TokenEconomist
· 08-31 01:50
History repeats
Reply0
PumpAnalyst
· 08-31 01:50
The market maker has played people for suckers again.
View OriginalReply0
WalletWhisperer
· 08-31 01:49
The old trap is back again.
View OriginalReply0
FUD_Whisperer
· 08-31 01:47
History always repeats itself.
View OriginalReply0
faded_wojak.eth
· 08-31 01:45
Again see suckers play people for suckers
View OriginalReply0
PermabullPete
· 08-31 01:39
I have seen too many deceptive words that mislead the public.
Recently, the crypto assets world has once again stirred up a wave of excitement, with Tom Lee as the focal point. As the chairman of the Bitmine board, Lee has been frequently expressing his optimistic views on Ethereum on social media, even predicting its price will reach $8,000, or even $20,000. This optimistic prediction inevitably brings to mind Sam Bankman-Fried (SBF)'s previous enthusiastic endorsement of Solana (SOL).
However, history seems to be repeating itself. SBF once bought a large amount of Grayscale's GBTC and pledged it to Genesis, while frantically buying SOL and LUNA. Unfortunately, the good times did not last long, as the collapse of LUNA and the bankruptcy of FTX caused the price of SOL to plummet, turning former glory into a mirage.
Looking back at the early development stage of Crypto Assets, the term 'consensus' was frequently mentioned, and people believed that as long as they held a certain coin, they could achieve financial freedom. At that time, a 50-fold increase within a week was not uncommon, leading many to firmly believe in the saying 'a day in the coin circle is equivalent to ten years in the human world.'
However, this optimism is often driven by interests. Whether it's MicroStrategy or Tom Lee, it's hard to avoid a positive attitude toward the crypto assets they hold. This behavior pattern still exists in the current market, but the frequency of the term 'consensus' has decreased.
It is worth noting that the performance of BMNR (the stock code for Bitmine) has also been unsatisfactory, with its stock price having fallen several times. This once again reminds us that the capital market is always profit-driven, and there are no windfall profits without reason.
Since 2022, the vast majority of tokens newly listed on Binance have failed to return to their initial closing price, a phenomenon that investors should be wary of. In this rapidly changing market, rational thinking and cautious decision-making are more important than blindly following others' predictions.
The development history of the crypto assets market tells us that the statements of industry celebrities like SBF or Tom Lee should be viewed objectively. Investors need to form their own judgments rather than blindly follow so-called market leaders. In this field full of opportunities and risks, it is crucial to remain clear-headed and think independently.