Perspective
Investing gets cheaper and cheaper every day!
Investing gets cheaper and cheaper every day!
Mind you, none of those stocks listed have millions of people advocating people to buy them.Not really. Peloton, docusign, netflix.. the pumped stock list goes on. Look at them now.
Just turn on CNBC to see the latest flavor of what is being pushed. People are dumb and people lose money every day investing. Due to the market cycles and human psychology - the "pump" rotates around sectors, stocks, ect. Like right now one hot sector is energy. Last Nov, Dec it was tech that peaked. So now tech is 30-50% down. Would you call the tech drop a pump and dump? No. It's a sector rotation. Tech rode the same money BTC did for 16 years of easy monetary policy from the fed (the "pump"), The easy money is gone hence people are fleeing high risk investments such as tech and BTC ("the dump"). Guess what - there are still millions of people that are advocating tech now. It's called buy the dip now.Mind you, none of those stocks listed have millions of people advocating people to buy them.
If people are losing money every day investing then they are not investing they are speculating.Just turn on CNBC to see the latest flavor of what is being pushed. People are dumb and people lose money every day investing. Due to the market cycles and human psychology - the "pump" rotates around sectors, stocks, ect. Like right now one hot sector is energy. Last Nov, Dec it was tech that peaked. So now tech is 30-50% down. Would you call the tech drop a pump and dump? No. It's a sector rotation. Tech rode the same money BTC did for 16 years of easy monetary policy from the fed (the "pump"), The easy money is gone hence people are fleeing high risk investments such as tech and BTC ("the dump"). Guess what - there are still millions of people that are advocating tech now. It's called buy the dip now.
It's just simplistic and pathetic to call out Crypto when the "ponzi" pump/dump theme is analogous everywhere all the time in any investment vehicle. Help me out but I don't see a difference.
CorrectIf people are losing money every day investing then they are not investing they are speculating.
I wonder if the millennial hodlers realize no circuit breakers on crypto trading? Because when the big dog's super computers decide to exit, the little guy is gonna get screwed.
Same with the CORRUPT STOCK MARKET "Weather Man"!!
I consolidated all my altcoins to bitcoin after I stopped mining about 12 years ago. Right now, BTC and Eth is all I am in. It's better to condense down at peak value as the trades will yield a better conversion return. Here at a multi-year low, we see the "weed-out" of the weaker coins -again just like the weaker stocks get exposed.I'm still dollar cost averaging every week, I just have to restructure how I index... i was indexing the top 15... but there was too much jockeying, so I cut it down to the top 7... which exposed me to luna, so I may cut back to the top 3 or 4 I guess.
Just imagine how funny their posts will be in 5 years. Or better yet, in 10 years.Tell me what everybody that’s against Crypto in this thread have in common ……
One hint:
They were alive in the 60s
I bought it at sub 10K. Oh look, I'm still fine.