Xavofat
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November 25, 2017, 12:25:20 AM |
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Seems like common sense, and it doesn't need a fancy term (nor would it really be a cycle, given a couple of years). It would go something like:
People buy in out of speculation -> price goes up -> people try to find out about this crazy new thing that keeps rising in price (searches) -> people buy in out of speculation.
But the reason that it's not a cycle is because the more people who get in, the less rational the newcomers are. A lot of amateur investors who are emotionally unstable join in out of FOMO, and then it eventually digs through the layers when there's another bear market.
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