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Yes. Funny thing is, in the real world, the trading and analysis has some purpose (steering share prices towards their "true" value, thus solving the capital al
by FabHK 4y ago
Yes. Funny thing is, in the real world, the trading and analysis has some purpose (steering share prices towards their "true" value, thus solving the capital allocation problem; aggregating time preferences & determining rates, thus solving the investment decision problem; allowing people with certain exposures to hedge themselves; etc.)
But in crypto land, it's a pure cargo cult - a facade of finance and analysis, with nothing behind it.