freddms on Nostr: Exactly. People buying the ETF (90%+) have no idea what they are buying. This was ...
Exactly. People buying the ETF (90%+) have no idea what they are buying.
This was inevitable. Price go up, gamblers buy. Price go down, gamblers panic. It's actually a way to remove 'real' money from gamblers and return it to investors and those planning for the future.
Fiat does this too, to some extent. The problem with fiat is the gamblers/scammers rise to the top gaming the system, then tap into the money printer (most of your elected officials and bankers).
That ain't gonna happen with energy based money. We NEED these pull backs - probably more than what people wish/think.
This was inevitable. Price go up, gamblers buy. Price go down, gamblers panic. It's actually a way to remove 'real' money from gamblers and return it to investors and those planning for the future.
Fiat does this too, to some extent. The problem with fiat is the gamblers/scammers rise to the top gaming the system, then tap into the money printer (most of your elected officials and bankers).
That ain't gonna happen with energy based money. We NEED these pull backs - probably more than what people wish/think.