Thread: 2020 was the year of delusion and now it's time to come back to reality

JFL at people who thought the trends in 2020 could continue long-term

- The Fed dropping rates to 0 and commencing emergency purchases of junk bonds

- $3 tn in stimulus spending

- People being paid $30k/year to sit on their ass at home

- 2-10x surges in tech stocks, 100x surges in meme stocks

- crypto bubble

- SPAC bubble

- housing bubble

LMAO did you really think it was smart to buy risky assets just as the pandemic was ending? JFL at you! Any online forum has been absolutely unbearable for the past year, getting flooded with uneducated noobs trying to pump their risky investments.

Well I'm calling it now, the party's over. Crypto and SPACs are down 30%, tech is down 10%, there are signs the housing market is cooling off. Lumber's falling, the unemployment is ending, and it's only a matter of time before the Fed raises rates.

Talk all you want about how you're still up. Good for you! But we all know the vast majority of people bought at the top, that's how bubbles work.

For you bagholders: sell now before it's all gone. You will likely never see conditions as perfect as 2020 again in your lifetime.

Facts, OP. Repped!

Blame people like Elon Musk for promoting absolute chit coins.

I do think Bitcoin will bounce back again in the near future, though. Might even hit 100k by 2023.

Originally Posted by deft0nes

Facts, OP. Repped!

Blame people like Elon Musk for promoting absolute chit coins.

I do think Bitcoin will bounce back again in the near future, though. Might even hit 100k by 2023.

Thanks

Yeah there are a lot of snakes such as Musk, Cuban, Palihapitiya. They will tell people whatever they want to hear so long as they think it will make them famous.