Benjamin Graham said something about the stock market that can also be applied to Crypto and Web3 Projects!
In the short tem, the stock market is a voting machine; in the long termin, it's a weighing machine.
Benjamin Graham said something about the stock market that can also be applied to Crypto and Web3 Projects!
In the short tem, the stock market is a voting machine; in the long termin, it's a weighing machine.
Voting Machine -> People will buy and vote based on what they think/feel.
Weighing Machina -> The stock price will be determined based on results, assets, more solid things.