Dissident Sound on Nostr: logically a worthless meme asset like B1tC0iN will keep going up until one of two ...
logically a worthless meme asset like B1tC0iN will keep going up until one of two things happen
1 - it is banned
2 - people stop believing it has any value beyond speculative
that is to say as long as there are suckers on standby ready to become bagholders it is probably a smart move to keep buying a meme asset as other speculators will do the same and it will keep pushing the value up ...
the key is to make sure you can always exit / cash out. if one day you wake up and find all bitcoiners are on death row by that point it will be too late to get out as nobody will buy.
or if one day B1tC0iN is crashing and you realize that almost 100% of all B1tC0iN was held by other speculators and almost none by stupid true believers then again - you might take heavy losses.
i suppose the volatility of an asset should be in itself a sign whether it is purely speculative or whether some people are stupid enough to believe it has value.
in the end everything is a calculated risk. you could try to diversify but the problem is that pushes you into things you do not understand. on other hand putting all you eggs in one basket is great if you TRULY understand it - but what if you only THINK that you do, but actually you do not ?
if i was going to trade / invest i would probably either find somebody like what Nancy Pelosi used to be - she was infamous for insider trading and jokingly known as the best trader ever - and simply mirror her trades assuming i was able to somehow automate it so it happened instantly and not the next day. timing is everything.
i don't know if that information is instantly available or with a delay but we could make a simple AI and train it on all the known insider trading politicians and then simply have it buy stocks based on what those politicians are buying ... i don't know how real HFT ( high frequency trading ) works but that's how i would do it ...
and the only other idea is to buy whatever Klaus Schwab and Bill Gates pump - as they are closest to power ...
well, actually there is one more method - do the opposite of what Jim Cramer says as it is literally his job as TV host to manufacture suckers that his Wall Street clients can offload junk assets to ...
famously in 2008 before Lehman Brothers went bankrupt causing global economic downturn Cramer was begging everybody to buy Lehman Brothers. he later apologized for this but he didn't change - it is still his job to bail out his buddies on Wall Street at your expense.
basically to make money in this game you must be EXTREMELY CYNICAL.
Prince Aleph (npub1xy6…8w7v)
1 - it is banned
2 - people stop believing it has any value beyond speculative
that is to say as long as there are suckers on standby ready to become bagholders it is probably a smart move to keep buying a meme asset as other speculators will do the same and it will keep pushing the value up ...
the key is to make sure you can always exit / cash out. if one day you wake up and find all bitcoiners are on death row by that point it will be too late to get out as nobody will buy.
or if one day B1tC0iN is crashing and you realize that almost 100% of all B1tC0iN was held by other speculators and almost none by stupid true believers then again - you might take heavy losses.
i suppose the volatility of an asset should be in itself a sign whether it is purely speculative or whether some people are stupid enough to believe it has value.
in the end everything is a calculated risk. you could try to diversify but the problem is that pushes you into things you do not understand. on other hand putting all you eggs in one basket is great if you TRULY understand it - but what if you only THINK that you do, but actually you do not ?
if i was going to trade / invest i would probably either find somebody like what Nancy Pelosi used to be - she was infamous for insider trading and jokingly known as the best trader ever - and simply mirror her trades assuming i was able to somehow automate it so it happened instantly and not the next day. timing is everything.
i don't know if that information is instantly available or with a delay but we could make a simple AI and train it on all the known insider trading politicians and then simply have it buy stocks based on what those politicians are buying ... i don't know how real HFT ( high frequency trading ) works but that's how i would do it ...
and the only other idea is to buy whatever Klaus Schwab and Bill Gates pump - as they are closest to power ...
well, actually there is one more method - do the opposite of what Jim Cramer says as it is literally his job as TV host to manufacture suckers that his Wall Street clients can offload junk assets to ...
famously in 2008 before Lehman Brothers went bankrupt causing global economic downturn Cramer was begging everybody to buy Lehman Brothers. he later apologized for this but he didn't change - it is still his job to bail out his buddies on Wall Street at your expense.
basically to make money in this game you must be EXTREMELY CYNICAL.
Prince Aleph (npub1xy6…8w7v)