Circlejerking, or the time everyone became rich at the same timeI've made 1000% ROI in a few weeks. This proves I'm good and that this asset is a professional one. Every other investor in this asset agrees with me how smart we are.
I've seen that one far too often. Every buyer holds, because prices are rising fast, because buyer holds, because prices are rising fast, etc. etc. Everyone self-congratulates themselves on making such a nice profit and how everyone made 10x their investment and thus constantly recommends it to everyone else.
Then suddenly one person cashes out 100 BTC and everyone's investment halves in value. A bad case of 100 000 BTC common profit becomes 50 000 BTC profit after 100 BTC is cashed out.
Commonly known in the real world as: "The Financial Bubble"
Last seen: "Making multiple appearances on the USD/BTC rate and on various stocks"
......................................Cluelessness, or the time BTC stocks were a casinoI bought X/Y for Z BTC. Was it a good purchase? What is it they do?
Random purchasing at random prices.
Commonly known in the real world as: "The Novice Penny Stock Trader"
Last seen: "Taking a stroll on IRC channels and Reddit"
......................................Restlessness, or the time nobody had time for that20:14:30 [BTC-FAKE] SELL 2 @ 1.50
20:14:42 [BTC-FAKE] BUY 2 @ 1.90
20:14:55 [BTC-FAKE] SELL 1 @ 1.49
20:15:25 [BTC-FAKE] BUY 5 @ 1.92
20:16:32 [BTC-FAKE] SELL 3 @ 1.51
Big prices gaps? Let's just do market order and skip the waiting time. Nevermind that I'm overpaying/underselling by 25% for not waiting a few minutes.
Commonly known in the real world as: "The Thing Stock Traders Hope Were a Real Thing"
Last seen: "Appearing 24/7 at your local BTC stock market"
......................................Number illiteracy, or the time 1 and 0.01 were the same thingOur fund will raise 100 BTC with 100000 shares for 0.001 BTC each.
10 seconds after IPO and following week: 0.01 BTC trading price.
A fund worth 100 BTC of various assets is worth 1000 BTC.
Commonly known in the real world as: "The Thing Option Traders Hope Were a Real Thing"
Last seen: "Moving across some desert found within HavelockInvestments.com"
......................................If you have other such comical situations worth mentioning, I'll make a humoristic entry about it.
TOOLS
Google Spreadsheets auto-updating portfolio JSON functions
Bitcoin Price Alarm
