I don't I am just sad because they have been warned. Even Baron decided to invest in BTC, although by now he should know whom to listen to. And of course he can afford to lose a few bucks. But just because the brainwashed dummies are losing money, that doesn't make me happy. I just want this stupidity to be over so it doesn't spoil the general markets. You see if they were TRADING cryptos, all the best to them. After all this is elitetrader, not ponzi investor. "Trade it, don't believe it." --- Julius Caesar
Not happy? You're a better man than me then I don't think it's healthy when garbage goes up 10,000 % do you ?
Remember the scene from The Big Short where the 2 young investors are celebrating? Then Brad Pitt tells them that each 1% increase in unemployment means 40K suicides. There will be suicides, hundreds of them. People ruined, their savings lost. I have seen it with other ponzis. The late comers holding it until the bitter end. It is just sad.... Speech at 2:40:
When I grew up we have so called pilot games, with post cards. It was a pyramid scheme using postcards instead of money. You were supposed to send 10 postcards to people on a list and as you get higher on the list, you get more cards. etc.etc. https://en.wikipedia.org/wiki/Airplane_game I was about 10, but I could already figure out that the system was UNSUSTAINABLE. Some people grow up and still can't do math... Crypto's definition: ponzis all the way down Or as Steve Carrell would say: it is a scam filled ponzi, rolled in a pyramid scheme with a little bullshit sprinkled on it. [smh]
Ok then maybe the people who enjoyed the covid-19 plunge in the stock market, and then realized BTC was correlated?
Both Berkshire and BTC dipped seriously in the covid crash. Berkshire recovered from 178 to 358. BTC recovered from 3,500 to 68,000. Berkshire pre-covid panic = 226. BTC pre-covid panic = 10,500. I believe thats a 60% gain compared to 600% gain, or 10x from pre covid to post recovery despite the correlation.
MSTR 221 down from 1500 Can we all just agree Mike Saylor is a dick ? I called him a Kook many times, buy I think Dick is more accurate