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/biz/ - Business & Finance


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30108865 No.30108865 [Reply] [Original]

The stupid Bog-Coin meme geting pumped and the recent get just saved BTC from total market collapse. Now, excuse me for my shizophrenia, but it means that HE is here.

If you don't think meme magic is real, then I have some bad news for you. Most /biz/raelis couldn't care less about /x/ and /pol/ shenanigans, so I can understand this. At the end of the day it's all FUD...

...but what exactly is FUD?
>Fear, Uncertainty, and Doubt

FUD is the result of basic human psychology freaking out when we don't understand what's happening. It is the natural result of a biological computer designed to make sense of the world being confronted with something that does not make sense. As a result, people do irrational things as their brain is not behaving properly.

This is why speculative bubbles occur. It is group-madness that happens when people decide to buy something far above the actual value of it. It begins with people buying things when they are undervalued, or because they think it will be more valuable in the future. These are your Fundamentals. The value of the stock will keep rising. Eventually one person will buy the stock well above what it's actual value is, and will tell someone else to do it. They buy it, the value goes up, and then that guy tells someone else to do it. This goes on and on until you have created a bubble. It's not logic that changes the value; it's ideas spreading.

ITS A FUCKING MEME ECONOMY

Now let's look at the representative of this shit, the pic related I Who I will not name.

>> No.30109132
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30109132

Here's a Quick Run-Down:
>He is a god of chaos, and the change therein.
>He got /pol/tards to start worshiping him for change.
>Trump runs and the frogposters think that He has promised them the election.
>/x/ warns /pol/ that this is retarded as He will betray them, as a chaotic entity does.
>/pol/tards ignores /x/, their closest board at the time, and Trump wins.
>/pol/ sees this as a victory and goes all in on Him.
>/pol/ does nothing and lets the chaos play out unopposed.
>2020 happens.

Now, we have a FUCKING BOG COIN and it is MOONING

This shit is a self-fulfilling prophecy, and it has happened before. Remember MacDonald's Coin? Remember that shit? That was a troll-scam and it actually worked. Since it worked, people will do it again. Memes are the fabric of human reality. Read the Selfish Gene, it'll catch you up to speed.

Take it from someone who got fucked by this green-bastard before; DO NOT TRUST HIM.

inb4 wat do
I don't know, and frankly no-one knows. I say that this is a pump and dump scheme and that we are heading to a golden bull-run the like of which have never before seen before. It will probably last a few years, before we get the biggest crash in human history.

You are playing with fire /biz/. Don't repeat the same mistakes that others did. Right now, you are Daedalus and someone else is Icarus. You fly too close to the sun and you will get yourself burnt. Don't be Icarus.

>> No.30109706

>>30109132
>I don't know, and frankly no-one knows.
buy legit projects and hold?