You feel it in the air. As soon as bitcoin reaches mainstream news due to high price, they are coming here. Newcomers, who have their first surplus after all the bills are paid and now think that crypto will go up 15% a week for another year or so.
"The math is easy! 15% a week for 52 weeks and my 1000 bucks will become almost 1,5 million!" A flawless conclusion after extrapolating the (very recent) data.
But this is only the fist stage! The second stage:
"I invested after bitcoin shoot up 15% and now I am down 10%! How could that be? It is over and I need to sell!" A sensible reaction after buying a volatile asset that was very overbought. But don't worry, they will be back next day after buying in again and losing a part of the initial investment for no reason.
Now comes the third stage:
"I did the math again and realized that I will become a millionaire much quicker if a invest in this new CumElonDoge coin that I see everywhere. It quadrupled in a day so I will buy today and will be a carefree person in less than a week!" A logical conclusion. Nothing with "Elon" in its name can go wrong! If you think otherwise, go fuck yourself!
If we are lucky, we could stop some of those people, but on the other hand... It is kinda fun seeing this level of idiocy but not being the idiot anymore. So maybe, sometimes, you could just say "you go man! chase your dreams!" and see what happens.
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