Im super bummed and I still came out with a profit. Cant imagine how people who bought at the top feel.
What a disaster this has been.
Breh, it's the same scam that's been run a billion times for thousands of years. The people who bought in early when it was cheap come out on top, the people who bought in late when the price was skyrocketing come out with zilch. Same as it ever was.
This is true, I'd add that there was a lot of momentum from everyday sources of misery that made this a very hyped event.
Pandemic that adds a dreary mononity to life
Pandemic that's also affected income
The narrative of this fucking over billionaires
How easy it is to buy stock nowadays
I've known a little bit of stock trading from random sources, but there was some endorphin chasing thing in my brain that felt the urge to fuck around, justify trying to play the game.
I thought AMC was gonna have a similar but not as substantial spike based on hype apes. Installed cash app, did very basic verification, and was able to buy stock very quickly and very easily. You just need to link a debit card and....if you're not careful, you can invest an entire bank account in seconds.
Drug overdoses and suicide rates have skyrocketed with this pandemic. The idea of gambling money from your phone, very easily, hits a part of the brain that stimulates really risky decision making.
