I am in no way a veteran investor or an experienced trader. I found out about the stock market last November while I was messing around with my Banking app.I come from a third world country so the concept of investing and markets was out of my reach. I am currently an international student.
Long story short,I am taken away by how much euphoria is currently here in the market.I haven’t even been in the market for a year and I have seen people in my circle turn into financial advisors who one year ago had zero to no knowledge of the markets. People seem to make banks on shit and meme coins with zero to no basic knowledge of how even the blockchain works.My tiktok news feed is full of people giving financial advise on useless projects. People are selling digital jpeg images for hundreds of thousands. Literally yesterday an unknown dev group made like 2 million dollors selling Panda NFTs to their discord group all while with zero verification of their background.
It just doesn’t feel right,Australia has been locked down for 200 plus days in last two years,hundreds of businesses have gone down while market keeps on making record highs. I had my friend genuinely say he is looking to save 25K and leave his job because he can easily make 4-500 per day by day-trading . I am in no way an expert but this sure can’t be healthy,right?
What’s your thoughts on current euphoria in the market? I am not talking about blue chip companies making record highs but meme coins ,shit companies and digital arts making 1000 percent move in a day
Submitted September 07, 2021 at 06:39AM by Astab321 https://ift.tt/3BRe4C6
