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Because there is more poor ppl than rich ppl, and poor ppl can buy stonks at 1$, but they can’t buy stonks at 1000$. So if some idiot says that stonk X is hot
by fluffy87 6y ago
Because there is more poor ppl than rich ppl, and poor ppl can buy stonks at 1$, but they can’t buy stonks at 1000$.
So if some idiot says that stonk X is hot at 1$, the amount of money that is available to buy that stonk and pump it’s price up is much higher than for a stonk that’s at 1000$ and that only 1% of the population can put money in.
- IgorPartola 6y agoThis isn’t WSB, we spell it stocks :) Lots of places offer the ability to buy partial stocks. Also, BTC and company all allow partial coins. Lastly, idiot retail buyers who can only afford a few bucks of anything won’t move the market.