4 ms·
I believe it's overvalued because most folks who are new to investing are making decisions based on hype and tweets, and believe people who will still tweet "HO
by rpigab 4y ago
I believe it's overvalued because most folks who are new to investing are making decisions based on hype and tweets, and believe people who will still tweet "HODL" the day of the big crash where they'll try to sell everything they have, hoping someone will buy the final dip... Fear everywhere.
I wish it was still a niche thing that nerds talk about in their circles, with very few miners using small PCs, as it was intended, where you could buy a coffee with it in the nerdiest bar of Paris even though it was complicated to do, and people were ok with giving it or losing all because they hadn't put all their savings into it. And they were no survivor bias douchebags yelling about how they bought a lambo with it, making late adopters think they could too when the party was already over. Then came NFTs which made it even worse.
- lovingCranberry 4y ago>believe people who will still tweet "HODL" the day of the big crash where they'll try to sell everything they have, hoping someone will buy the final dip. Those people buying the final dip are shorts closing a part of their position ;)