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Apr 21, 2021
5:15:50pm
CougaRR4L Playmaker
Finances on CB are hilarious sometimes. Seriously.
The current SFM situation is like watching a rerun of every new get rich quick investment on here. Think of all of the times this has happened in the last year- Bitcoin, GME, Doge, and loads of different stock. FOMO is embarrassingly real. I get it, we all feel it but it doesn't change that it is pretty funny in hindsight. Its the same story over and over again. This is not a dis on anyone mind you just pointing out how fragile our courage is when it comes to financial decisions.

I mean this crypto is blowing up every day for weeks and we hit some kind of critical load where people can no longer stand missing it. For some reason everyone hopes it is going to follow a mostly perfect vertical pattern even if in their heart of hearts they know that is pretty much impossible, even if it ends up a massive success. We jump in, wishing we could buy it for cheaper and angry the systems are overloaded while the price is going up but most everyone is like a doe during hunting season, waiting for something to go wrong. A loud sound goes off and all of the conviction is completely gone. Tells me that most didn't really believed in the currency and/or had way more invested than they could actually stand to lose. Probably a lot of the both. No names but there are some guys who have been pushing this things long-term viability and now have already mostly or entirely sold out. Not at the height of the sell off as an unemotional decision but after it was going. The fear of losing what we have gained is so strong. I'm sure almost all of us would do the same thing if we were sitting on the same lucrative numbers so no judgement from me.

The irony is we manifest the same destiny that we fear. This appears to be more true than ever in crypto where supply and demand off conjecture is the only true driving force. Personally I'm all diamond hands on this one. No good reason other than I like the structure and the progression of things on the side of management and I didn't put anything in I will stress over losing entirely. I don't expect the guys creating SFM to be polished MBAs personally but I'm more and more encouraged that it doesn't look like a scam. Not sure I can ask for a lot more than that. Plus its fun.

Uh... this is not financial advice and I'm not qualified or something. Seems like everyone feels obligated to put that down now days. I've been meaning to ask why this matters at all. Has the government now asked for fiduciary rules on friends talking to friends, coworkers chatting, neighbors musing and obscure no name guys in low population chatrooms writing whatever comes to mind? Do common speak disclaimers protect us against that or something? I use American Credit Union... WAIT, SHOOT... that is not financial advice so don't sue me.
This message has been modified
Originally posted on Apr 21, 2021 at 5:15:50pm
Message modified by CougaRR4L on Apr 21, 2021 at 7:06:05pm
CougaRR4L
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CougaRR4L
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