Misery loves company and the stock market is full of lonely people who want someone to vent at. They bought a falling knife or went full FOMO and are at a point where they are realizing their mistakes.
If you’ve visited Stocktwits, you know what I am talking about. The ones who just last week were predicting the boom and making sarcastic remarks to the bears, then the following week feeling financial pain and making sarcastic remarks to the bulls. You can almost feel their frustration.
If it was Bitcoin they invested in, this week they are feeling the pain of their arrogance.
Last week:
This week:
Same Bitcoin investor. Bragging about throwing a few hundred and long term until 2024 then the following week, criticizing others for holding Bitcoin. Don’t these guys know people can read their back posts? And yeah, Tesla had a nice run.
But wait- some sarcasm is actually worth consideration. Why this guy follows crypto is beyond me. He doesn’t seem to particularly care for it. He never has anything positive to say about it. But he does bring up some good points:
This one made me stop and think. What is the constant stream of propaganda? On December 17th, 2017 Bitcoin reached an all-time high of $19,783.21. What was the catalyst? Why can’t that catalyst be repeated? Who? What? When? And Where?
More and more businesses are starting to accept crypto as a form of payment. I just wrote pieces on the cannabis industry and churches accepting Bitcoin as a form of payment and for tithing. Who accepted Bitcoin as payment December 17th, 2017? Hmm?
A simple internet search will reveal that Wikipedia, Microsoft, Expedia, AT&T, Burger King in Venezuela and Germany, KFC in Canada, Overstock.com, Playboy TV, some branches of Subway, several airlines, and Newegg.com just to name a few are accepting payment in crypto.
If you would like a sample of what John Q. Public is saying about Bitcoin and have a sense of humor and are not easily offended, then Stocktwits may interest you. It is a social platform full of opinions right, wrong, and irrelevant. None of it should be taken as investing advice. Beware of the knife catchers and FOMOS. They will turn on you like a rabid dog when they realize they have made paupers of themselves (and fools in the process.)
