Yeah. Apparently Dogecoin is aslo in a bubble. Can you please explain how it's possible for cryptos to encounter themselves in a bubble? My mind has not yet grasped this concept @austinhopper..
You are viewing a single comment's thread from:
Yeah. Apparently Dogecoin is aslo in a bubble. Can you please explain how it's possible for cryptos to encounter themselves in a bubble? My mind has not yet grasped this concept @austinhopper..
A buying frenzy drives up the price higher than it's worth. Then people start selling and it makes other people start to sell. Then you have a selling frenzy and people can't sell fast enough. This tanks the price.
But when this happens shouldn't one just buy what they're selling since we can get it cheaper for long term growth?
Shitcoins will not have long term growth. They will go to zero.
I see. Is Pac Coin an example of this @austinhoper? Thanks for the education thus far..