Tether drainage

Discussion in 'Crypto Assets' started by guest_trader_1, Nov 21, 2022.

  1. So what you are saying by your logic is...

    Don't buy the Mona Lisa or other artwork, because it takes a bigger fool than you to buy it from you at a higher price.

    Don't buy growth stocks, it takes bigger fools to raise the price.

    Don't etc, etc, etc.
     
    #11     Nov 30, 2022
  2. deaddog

    deaddog

    Not at all. With art works you could concievably open a gallery and charge people to look.
    Growth stocks are companies that have the possibility of earnings. If the earnings are there and growing the price will increase.
    So I would buy artwork just for the beauty and I will buy companies that have the potential to produce earnings.
    I will speculate in crypto knowing it has ponzi qualities and hope that I'm smart enough and fast enough to make a dollar.
     
    #12     Nov 30, 2022