if there was no demand for altcoins you wouldn't have 100 retards forming "altcoin communtities" for every coin lol
it happens everywhere bro, with stocks you have imbeciles who ONLY trade TSLA (Tesla) stock because "they're gonna change the world and they care about humanity" and a bunch of other b.s
at the end of the day the only one who gets to ride round town with top hats and walking caines, looking like the monopoly man, is the brokers, institutional traders and elon musk himself
all the fools and tesla fanboys pony up all of their cash so that these guys can live lavisly
it happens EVERYWHERE
thats the thing though anything that has an audience has demand, so these fanboys are the ones who are pumping in the cash into a market that they really don't know too much about (im talking about crypto) everyone thinks that a loss is just a loss and it doesnt matter, but what if you were actually setup to lose and you didnt even know it? thas what a lot of amateurs dont know about this stuff because the way everything works is designed to blind and misdirect, when i clocked onto that thats when things started shifting for me money wise because hey, if people are manipulating, making money, and GETTING AWAY WITH IT then fuck me and call me a kardashian, i want a piece of the action LOL, thats obviously how its done
you know whats funny about that
these fan boys will continue to buy shit like tsla whenever they are told because that just the way things work, the stock market has existed for several hundred years just because of that one principle
one fool goes bankrupt from playing around with stocks and another fool enters the ring tomorrow to do the same thing
it's a revolving door of stupid shit like this that keeps the doors of nyse open
There was actually a scientific experiment conducted that proved that people are getting dumber every year
each generation will be dumber than the last
can you believe that George Soros was the one of the ONLY people who was shorting the british pound back in 1991? He made a BILLION dollars from that one trade
Same with John Paulson, he was one of the only people in the world who was short on CDO's and he banked BILLIONS from the one trade
everyone who makes a fuck wad of money from trading always does it when they run contrary to what everyone else is doing because lets face it, everyone is fucking clinically insane