2 ms·
The cognitive dissonance is magic. You couldn't fake the tragic similarities to the dotcom crash. People yelling "hold for long!" with people raining down and e
by pistle 13y ago
The cognitive dissonance is magic. You couldn't fake the tragic similarities to the dotcom crash. People yelling "hold for long!" with people raining down and everybody having a little voice inside their head saying, "I'm smart. I'm sure I knew the risks better than the next guy. I read the forums. I got this computer. This is it. 50% down is nothing."
Then when nearly everything was 95% down and liquidity was drying up because the bulls had all been beat into puddles in the street... everything went back to normal. And we did it all over again.
It doesn't matter if you write the history and they read it. Human nature is to be dragged into these things. Recognize the pattern. Look for the short.