Sorry, I didn't mean just "spending money". When I mean stupid money, it's mostly there's an exorbitant amount hoping to get rich quick. Someone that researche

Sorry, I didn't mean just "spending money". When I mean stupid money, it's mostly there's an exorbitant amount hoping to get rich quick. Someone that researches a company, industry and the geopolitics involved and invests... let's say a billion USD, then that market crashes to oblivion, I don't consider that "stupid money". At all. Try, fail, it sucks. But they did their own legwork to verify what they're doing. They flat out knew the risks. Their research probably showed that $1b was worth it. Someone that goes, for an extreme example, "Bitcoin is going to be worth a $100,000 a coin because [insert one random article, bird sign, or because everyone else is doing it]." That's what I have a problem with. That's "stupid money" to me, chasing ambulances, etc. The first example I don't feel ever really kills markets. Because their investment will be proportional to some research in potential market growth and maturity of the individual. If Google spends $1b on a market, something is there. But they now have a large foothold. There's still market space, but Company B decides only $100m because the chances of beating Google are low and their investment may go to waste. Instead of "If Google went $1b in, we're going $1b, because reasons." Obviously, their growth speculations can be wrong. But having some sort of independent research based speculation will always force someone to be more cautionary than "Oh, he said so, thus it must be true". That cautionary action, I feel, kind of self-corrects a market by never letting it get TOO big and out of control. It's the second example I think just pumps money for no reason. Just a bunch of people trying to get rich quick because of everyone is doing it. Eventually, the mature market holders will pull when they get scared because of their research. There's only so much "real" value in a market and competitive market space. That'll drop a market significantly to the point where others follow suite, thus a burst.