RE: What if Bitcoin and Cyrptocurrency Volatility Take a Vacation
Dear @guysellars
As my grandfather used to say, money money has a life of its own and behaves like a human being.
Then I asked him why you say that.
Told me the money was invented by people as their own benefit so their management will be by people and people have their ups and downs depending on how they feel they buy things to feel good, the investments are the same are handled by people who study the behavior of them. Therefore if someone sells a lot others follow them and if someone buys a lot like others will follow him and that behavior will always be given by people, that is why I say that every financial entity behind that there are humans manipulating economic behavior.
That is why money has a life of its own and if it is not invested, it can not be made a fair profit.
The detail is how, when, where and with whom it is invested, those are the factors outside of us.
I think particularly that they ne
Hello @lanzjoseg. Sounds like your grandfather was a very wise man. You've brought up a great point. By nature, many are followers. Sellers have followers and buyers have followers. And, depending on your inclination at that moment, you could be in either camp. It is also why money seems to have a life of its own, because at any given time one group may be larger than the other. I think that is what gave rise to the bulls and bears.
Thank you so much for contributing @lanzjoseg. I hope to see you again.
Very @guysellars nice reading because it is good to interact with different points of view where we can clarify and reach a single conclusion.
Man in his greatness and his little ones at the same time.