GREY:XEBEQ - Post by User
Post by
tamaracktopon May 08, 2021 1:44pm
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Post# 33160104
An Excerpt from CNBC this morning
An Excerpt from CNBC this morning This is an excerpt from an article discussing dogecoin. It is one of four points raised in a cautionary tale about investing in cryptocurrencies.
"Investors often fall prey to the social bias of “herding,” Baker said. In other words: They do what the crowd does, believing that everyone else must know more than they do. And that there’s safety in numbers.
Generally, such investors are wrong on both counts.
In reality, the other people in “in the crowd,” are believing the same things, with just as little to back them up."
This argument is equally applicable to either extreme in the market.
It goes a long way towards explaining why Xebec is trading at these levels.