Is it normal for Bitcoin to go up so much in a short period of time and for Dogecoin to double? Good. So is it normal for PepeCo to go up?
When abnormalities are occurring in the market, people misunderstand them as a sign that they should jump into the bull market. Rather, it is a sign that the bull market is ending, and it is a sign that people should rather take refuge in cash in a market with increased difficulty.
"The truth was that yellow lights were flickering, signaling danger in many ways. People who were drunk on public sentiment just took it as a signal to speed up." - Sung Pil-gyu
[Book scrap]
The stock market is destined for a crash. As long as the economy has a cycle of boom, retreat, recession, and recovery, the stock market does not experience a major crash. There must be signs of a major crash that comes every 5 or 10 years. People who were not interested in investing in stocks until now start investing in stocks, people who have become billionaires in stocks are frequently reported in the media, there are signs of inflation due to signs of overheating the economy, and if stock prices are rising even though interest rates continue to rise and the era of high-interest rates has come, it is necessary to take it more sensitively. Although it is commonly referred to as an "unexpected crash," in fact, yellow lights were flickering to signal the danger. People who were drunk on public sentiment only took it as a sign to speed up.
- <How to beat money> Sung Pil-gyu
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