LogFAQs > #953537510

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TopicLooks like Doge coin will break the 50 cent mark today
InfinityMonster
05/04/21 8:46:38 AM
#32:


DepreceV2 posted...
It doesnt matter as long as I make money.

whitelytning posted...
It only gets you if you dont sell when you are up. I think lots of people realize its a Ponzi scheme but if you can make money its not a bad thing.
It's zero sum. Everybody above the original lows it was at is basically tricking others into keep going. You don't make money till these other people are also in on it to keep going till the dumps starts happening. When that happens, its a mad dash to sell, while some are fucked. That money came from them. Even if you're shaving profits.

Of course, the same logic applies to stock and cryptos, but that's not literally a meme being pushed by tweets by a billionaire and idiots trying to get rich quick by hyping it more. Look at all the people giving advice because they got lucky with this and roping others in. Look at all the people who just got fucked with the stock pump and dumps from February. Some lost like 95% of their value overnight.

It always ends bad because most people get caught up too hard. Like, I'm not a crypto denier or anything. I used to make the crypto generals back in 2018. Just saying it's scary how bad it's gotten.

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"It lies between the pit of man's fears and the summit of his knowledge"
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