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Message Subject
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Mad World
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Poster Handle
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Seer777 |
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https://imgur.com/a/iLltEuS Perfzilla As an electrical engineer cryptocurrencies piss me off more than just about anything. Hey let's destroy the environment for a scam. Fuck no.Greater fool theoryIn finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets ;items with a purchase price drastically exceeding the intrinsic value; if those assets can later be resold at an even higher price.
In this context, one "fool" might pay for an overpriced asset, on the assumption that he can probably sell it to an even "greater fool" and make a profit.
This only works as long as there are new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value [ link to en.wikipedia.org (secure)] https://imgur.com/a/2GD7S Quoting: Seer777 https://imgur.com/a/4V59PsU [ link to youtu.be (secure)] Quoting: Seer777 [ link to youtu.be (secure)]
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