themihai
Joined 11 years ago
Joined 11 years ago
[1] https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...
I agree but this doesn't change the fact that many people don't care about the underlying business and often the stock price and underlying business are disconnected. They just gamble whatever is "hot" or if they think they are smarter they trade the chart. In this way it's no different than crypo "investing". Both can make you rich or get you bankrupt, fast.
https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...
They don't "believe" in shitcoin's "white paper" but they believe there are more ponzi buyers.
To be fair most retailers do the same with stocks so it's not that different. I don't even mention CFDs where the vast majority lose. Even "analysts" score various instruments based on "demand"/market sentiment not value.