#The crypto market crashed on August 5, experiencing the biggest drop this year#
Affected by the increased risk aversion caused by rising concerns about a US recession and the plunge in Japanese and South Korean stock markets, the crypto market plummeted, with ETH falling by more than 20%.
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Suji Yan - Mask is BUIDLing
Even if we were to deny Marx's historical materialism and consider the notion that productive forces necessarily determine relations of production to be nonsense, we should not forget, in the discussion of the relationship between AI and Crypto, the anti-Marxist master Karl Popper's observation: "Historical determinists have recently pointed out that such influences may be related to the social sciences, potentially increasing the difficulty of making accurate predictions and thus compromising their objectivity. They say that if the social sciences were so developed that they could make accurate scientific predictions of any social fact and event; however, such an assumption would lead to absurd conclusions, and therefore such an assumption could be refuted by pure logical reasoning. Because, if such a newly formulated..." A scientific social calendar, and one that is known to all (since it can be rediscovered by anyone in principle, it cannot remain secret for long), will inevitably induce actions that disrupt predictions. For example, suppose people predict that the stock market will rise for three days and then fall. Obviously, everyone connected to the market will sell stocks on the third day, causing the stock market to fall that day, thus disproving the prediction. In short, the idea of a precise and detailed social event calendar is self-contradictory: therefore, precise and detailed scientific social prediction is impossible. Isn't Crypto the field that best embodies the 'Oedipus effect' proposed by Popper himself, where AI and humans coexist? Naturally, in such a society, the consensus on Bitcoin versus gold is self-evident.
Suji Yan
@suji_yan
是这样的: 生产力先进步,生产关系(Produktionsverhältnisse)才有打破重组的必要性。 x.com/0xJamesXXX/sta…
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2.29%
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gm365
👹 The Last Cry of Ethereum Bulls Yi Lihua, one of the most steadfast Ethereum bulls in the market, has surrendered. A collective sigh of disappointment ripples through the market, like a martial arts master about to take the helm announcing his retirement. Then, just now, another long article appeared, attempting to rekindle the confidence of Ethereum bulls. A quick glance reveals that the author, whose Twitter bio jokingly refers to himself as a "poor Ethereum holder" (or perhaps more accurately, a pitiful Ethereum holder?), has given his assessment and ETH target price: ⚡️ Assessment: ETH is about to enter its "gold/silver" surge phase. 📈 Target Price: (If I'm not mistaken) $15,000 The author's basis for this assessment: Gold and silver also experienced similar periods of sideways consolidation before experiencing epic, violent rallies. ETH's current situation is strikingly similar. This moment is exactly like that moment before. ETH's price has been consolidating between $2000 and $4000 for five years. Once ETH breaks through the $4000 price range, it's expected to mirror the trajectory of gold and silver. To use a phrase familiar to Chinese stock market investors: "The wider the consolidation, the longer the subsequent rise." Regarding this "judgment," I urge all ETH holders to remain calm. ETH, this "money-devouring beast," this "crypto killer that kills silently," always preys on those who refuse to give up. The more resilient they are, the more ruthless the cuts will be. If you intend to hold a crypto asset long-term, then: 🪙 Holding Bitcoin will give you true peace of mind. Even with significant price fluctuations, deep down you believe the future is bright. In a world where fiat currencies are constantly depreciating, Bitcoin, as the ultimate store of value, is ultimately unavoidable. 🔹 Holding ETH means forever oscillating between hope and despair, lamenting its misfortune and angering its lack of resilience. The process of holding the coin becomes an endless torment. Naval says the three most important decisions a person makes in their life are: 1. Which city to live in 2. Who to be with 3. What job to do. In the crypto world, one of the most important decisions (affecting your mental state and quality of life) is: Which asset to hold long-term. Make wise decisions. twitter.com/gm365/status/20203...
ETH
3.59%
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