This mentality was prevalent in the 1990s among those who weren't making a real attempt at investing. Most did believe the dot coms were going to be actual companies though. Most people buying crap coins realize it's a hyped narrative. They believe they have a chance to run like BTC and they will have time to get their profits out. A few will and the millions of bag holders will think they got scammed by the "whales".
I got not problem with having some fun but if this is all you are doing? I guess you get your lesson but we would all be better off if they stuck around and actually invested most of their money somewhat rationally.
All this makes a blue chip a tough sell to a new investor. Making $10 on a position in a year is a yawner compared to the casino.
I got not problem with having some fun but if this is all you are doing? I guess you get your lesson but we would all be better off if they stuck around and actually invested most of their money somewhat rationally.
All this makes a blue chip a tough sell to a new investor. Making $10 on a position in a year is a yawner compared to the casino.