/biz/ - Business & Finance

Hi biz

I'm not as smart as half of you and certainly not as technically literate. However I'd be interested to hear your perspectives on this.

I initially purchased $3.5k of BTC and LTC in 2016, I sold when BTC was circa $17k and I've put more back into BTC since circa $7200 with much higher exposure to alts which were picked by people who I see as smarter and more informed than I am. I'd timestamp pictures of the bullion I purchased but it's too heavy to stick it all on my desk plus if you think I'm LARPing it doesn't matter - I'm more interested in asking you what you think of this observation.

Outside of all the technical analysis you do or insight you feel you have from seriously comprehending and doing your own research I was wondering how much of a role you think instinct has in speculating on mass psychology. I'm not interested in buying fashion or clothing for myself however I do find it spotting patterns in it interesting.

Why is it some things are "cool" or not - is that instinct as to what it is following some sort of deep-seated social pattern-spotting which is tracking a sense as to how deviated or undeviated from the sartorial norm something is - is this sense involved in speculative mass psychology too?

Feel free to shitpost if you're not interested...