“What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?
wsj.com
wsj.com
Everyone (that is the early birds, whales, pumpers and the crypto hype squad) will cash in or take some of their profits off the table. Leaving the retail investor hodling the bag AGAIN by jumping in late and hoping for another price pump.
Obviously, this is caused by the usual suspects in pumping (and dumping) coins on Twitter. No need to mention any names, they know who they are.
You can easily identify a late comer when they keep asking: 'Is it too late to buy ${NEXT_BIG_CRYPTO}', 'When will it go back up again?', '${NEXT_BIG_CRYPTO} to the MOON'.
In times of euphoria and tulip mania the wise one says: What goes up, musk comes down. Tread carefully.
Intentional or not, I enjoyed the "musk" here as a serendipitous spelling.
These are not sound investments for retail investors and it will cause many people that could have been using their money to increase financial stability and fund their retirement and/or emergency savings accounts to lose that property.
It speaks to the incompetence of our society in handling money that only 39% of Americans could afford to pay for an unexpected $1000 expense. https://www.google.com/amp/s/www.bankrate.com/banking/saving...
I have 80% of it in cash just losing value to inflation. 20% invested in ETFs and 0.1% in meme stocks and crypto.
Its no enough to buy a house (I need twice what I have now to reasonably finance a house, 2-3 more years of saving). It's really frustrating.