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Fatman

Joined: 08/18/1998 Posts: 22295
Likes: 5833

What's this?

Contrarian indicators are flashing.


I could not agree more. When your cab driver cant wait to tell you about his stock tips, it’s time to sell.

I think musk on SNL will be, in retrospect, the seminal moment that marks a top in dogecoin/crypto occurs. Crypto 2021 = tulips in Holland a couple hundred years ago = pets.com in 1999.

The most dangerous words investors/gamblers ever say is “it’s different this time.”

Crypto has risen so far, so fast, that gravitational pull will produce a massive rip-your-face-off fall when the mania ends. I’m not sure if this, but it seems like lots of youngsters are heavy into crypto. This will be that cohorts first experience in a bear market. They’ll get a painful learning experience.
[Post edited by Fatman at 05/06/2021 11:08PM]

(In response to this post by 98Hokie)

Posted: 05/06/2021 at 10:18PM


+5

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Current Thread:
 
  With everyone in here talking about crypto everyday, the top is near ** -- 98Hokie 05/06/2021 9:53PM
  It'll come down to global liquidity -- lchoro 05/07/2021 09:42AM
  Very early adopter friend asked me if he should go Coinbase or gemini -- MrBayAreaHokie 05/07/2021 09:10AM
  Rate of change is attractive. 'certainty' can be very dangerous... -- ColoVT82 05/07/2021 07:31AM
  Causation? No. ** -- PhotoHokieNC 05/07/2021 05:11AM
  X -- Technocrat 05/07/2021 12:10AM
  Contrarian indicators are flashing. -- Fatman 05/06/2021 10:18PM

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