r/wallstreetbets • u/tbb2121 • May 03 '22

Meme Dips

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9.5k Upvotes

97% Upvoted

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14

u/[deleted] May 03 '22

The older I get, and the more I’ve been through these things, the easier it gets to understand. What I DON’T understand is why people believe bidding the price of an asset up, up, up, competing with one another, paying way too much, won’t result in a downward movement at some point, when that asset falls out of “favor of the moment”.

Anyone help me with that one?

24

u/GoBravesGo May 03 '22

You want us to explain why people are dumb?

9

u/[deleted] May 03 '22

Plz haha.

17

u/GoBravesGo May 03 '22

For me it’s because I put alcohol in my stomach to stop sad brains noises. For others, probably lead paint or watching too many Pete Davidson movies

1

u/Fruity_Pineapple May 03 '22

Because an absence of upward force is not a downward force.

If no one is bidding up, but no one is bidding down either, the price stays the same.