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I tend to think crypto currencies, much more than conventional financial assets, is sensitive to the public narrative/hype due to it being a pure speculation pl
by jensensbutton 5y ago
I tend to think crypto currencies, much more than conventional financial assets, is sensitive to the public narrative/hype due to it being a pure speculation play. A lot of people bought in over the past two years due to the hype and I suspect if the media narrative turns a lot of folks will pull out.
- fault1 5y agoI think many cryptocurrencies are on the edge of pump and dump schemes, amplified by social media. A friend of mine made a decent amount just tracking the tweets of Elon Musk and other coin influencers a few years ago.
- rjmunro 5y ago"many cryptocurrencies"? Which ones would you say are not?