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RE: The value of questioning value

in LeoFinance5 years ago

I was day trading the futures markets a few years ago and I just learned you just focus on the market and forget about value and news. Everyone out there is trying to influence you whether they do it with an interest or not. When trading you just have to forget about real value, what counts is the value others give to your assets and the future value they will have if you are holding.

The problem with markets is they are completely accessible for too many people knowing nothing at all and just reading twits. Crypto makes it even easier as you don't need a broker nor a clearinghouse.

Crypto is great in the sense that it brings freedom but FOMO will hurt many people as the masses jump into the wagon.

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When trading you just have to forget about real value, what counts is the value others give to your assets and the future value they will have if you are holding.

Don't you find this a bit crazy?

Crypto is great in the sense that it brings freedom but FOMO will hurt many people as the masses jump into the wagon.

I think there will be enough big case losses to make people scared, with enough benefit to make people try - most will go small and test the waters. Overall, despite the early pain, it will be better for people to learn.

It is crazy but it is the way it is. The same applies to every market. Think about the cost of a concert ticket or a sports game and the price some people pay whenever all tickets are sold. It has nothing to do with "real" value. What may seem real value for one person is different for another, there is no real absolute value, it is completely subjective.

What may seem real value for one person is different for another, there is no real absolute value, it is completely subjective.

I wonder if there is a single point where the value is the same for everyone.

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