Quote:
Originally Posted by 68Hawk
The idea that more people in means more likely bubble is silly.
In fact it's the opposite.
More in, more believers, better understanding that it's a market to play and just like stocks the long hold in blue chip is safe, and the flutter on speculatives can be exhilarating and rewarding or flat loss making.
Aaand, they will feel far more knowledgeable about what they own than the faceless stocks with fake profit loss sheets they're currently indentured to.
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This is absolutely incorrect. You are giving humans way too much credit. It’s a very basic economic principle... The more people you throw into this, the more people are involved that have no idea what they’re doing. They get sucked in because they see their friend, brother, sister, mother, etc.. crushing it. They see how easy people make it look to turn huge profits. It’s one of the main contributors to a bubble! It’s those same people that loose their shirt, or throw the towel in early, or cut losses and dump cards. Once the initial fear hits, that happens on a MASSIVE scale. I applaud you for having that kind of faith in man kind, but statistically it’s incorrect. And every single economic crash will show you that.