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It's interesting how regular people rush to buy cryptocurrencies when the valuation is at all-time-high. Then, in a month everybody will freak out that they can
by serial_dev 6y ago
It's interesting how regular people rush to buy cryptocurrencies when the valuation is at all-time-high. Then, in a month everybody will freak out that they can't buy a Lambo yet, even worse, they lost around 50% (based on past peaks).
Of course, I can't predict the future, so maybe it's the first time a peak will never end? :)
- hmate9 6y ago~97% of retail trades lose money. When things dont immediately go they way they panic sell and when they do they never sell. Crypto is no different.
- wmf 6y agoIf only they had bought at the all-time high of $20K they would be happy now.
- serial_dev 6y agoI was not trying to imply that BTC's price will never go higher than the current price. I just find it interesting how regular people (including me, I'm not a big crypto enthusiast and I don't follow the prices and innovations in the field) are inclined to buy when they hear about the peak in the news and then expect that the price will continue to go up, then get frustrated when in about a month, the value of their acquired coins go down. I guess, hodl?