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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="cobracide" data-source="post: 16771632" data-attributes="member: 4644"><p>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. </p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cobracide, post: 16771632, member: 4644"] 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. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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