• slaacaa@lemmy.world
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    2 months ago

    You’re right, but these fundamentals don’t really matter anymore, investors are buying hype and hoping to sell a bigger hype for more money later.

    • Aceticon@lemmy.world
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      2 months ago

      Seeing the whole thing as Knowingly Trading in Hype is actually a really good insight.

      Certainly it neatly explains a lot.

      • rottingleaf@lemmy.world
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        2 months ago

        Also called a Ponzi scheme, where every participant knows it’s a scam, but hopes to find some more fools before it crashes and leave with positive balance.