• slaacaa@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    4 months ago

    You’re right, but these fundamentals don’t really matter anymore, investors are buying hype and hoping to sell a bigger hype for more money later.

    • Aceticon@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      4 months ago

      Seeing the whole thing as Knowingly Trading in Hype is actually a really good insight.

      Certainly it neatly explains a lot.

      • rottingleaf@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        4 months ago

        Also called a Ponzi scheme, where every participant knows it’s a scam, but hopes to find some more fools before it crashes and leave with positive balance.