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r/wallstreetbets is famous for descriptions of losing money. Yes, there have been some accidents involving apes actually making money and the recent GME thing.
by gerdesj 4y ago
r/wallstreetbets is famous for descriptions of losing money. Yes, there have been some accidents involving apes actually making money and the recent GME thing.
Your Disney Dollars analogy is outstanding! If you bought BT https://coinmarketcap.com/currencies/bitcoin/ https://coinmarketcap.com/currencies/bitcoin/ in say Jan 2020 and flogged it in mid Nov 2021 then you would see quite a payback. However, look at the value curve and note how chaotic it is. You cannot meaningfully attempt to predict how crypto will perform so it is nearly gambling. You might win or not.
Generally you won't win.
I have no skin in this game but is it still possible to short these beasts? If it is then I suggest wacking a few ponies on it, if you have some to spare.