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/biz/ - Business & Finance

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File: 90 KB, 600x462, tulip-mania-a-prints.jpg [View same] [iqdb] [saucenao] [google]
49914034 No.49914034 [Reply] [Original]

how does this keep happening?
QQQ 2000
BTC 2021
GME 2021

it happens over and over

>> No.49914082

Jews did that

>> No.49914136

>>49914034
People want to get rich quick. Very few do.

>> No.49914222
File: 1.10 MB, 1200x820, Market-Cycle-Psychology.png [View same] [iqdb] [saucenao] [google]
49914222

>>49914034
It's simple human psychology. The meme chart is a visual representation of said human psychology, especially greed. I have made a living out of shorting piece of shit fraud stocks when they pump or have a run up for absolutely no fucking reason other than some non-news event. I'm short Revlon as I type this.

>> No.49914322

>>49914222
Checked. Why Revlon though?

>> No.49915553

>>49914034
tulip doesn't even look like it

>> No.49915801

>>49914034
everyone thinks a particular trend will continue
everyone thinks they'll get out in time if necessary

that being said, it's still pretty amazing that people where trading the median household salary in many places for useless public ledger entries.

>> No.49915854

GME has yet to leave $150, though