Buying anything simply 'because it is going up' is almost never a good idea
and that is why most are getting into crypto. 90% or more don't understand it a bit but they don't want to get left behind. In that respect it isn't that different from what the Reddit groups did to pump stocks up earlier this year. In the end, a whole bunch of people lost a whole bunch of money simply because they bought 'because it is going up'. Human nature is not to sell while things are going up so most get burned when it turns south.
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In response to this post by bigbadbird)
Posted: 06/04/2021 at 08:51AM