Herd Mentality πππ
Do you remember the GameStop thing from last bull run with lots of Wall Street traders getting squeezed out and circuit breakers having to be brought in? Well one of the characters responsible for that is back again. A certain personality known as "Roaring Kitty", who made hundreds of millions of dollars while others got rekt, made a live stream watched by more than half a billion people live, and more after the fact.
I find it strange that people in crypto, and the stock market retail market too, are kind of sheep. Why would anyone be waiting to hear what this guy said to decided whether to buy or sell something? I guess the mob mentality, or should I say herd mentality, responsible for mass retail FOMO is the same thing moving the meme markets. People want to know what other people are doing so they can get in on the action. Having been on TikTok for about a year now, and seeing things go viral for no reason, I sort of understand that mentality better now.
Perhaps a good portion of people waiting for what the Roaring Kitty was going to say, which ended up being effectively nothing, are just people who have also figured out this herd mentality and want to capitalise on it. ππππππ
Peace & Love,
AdeΜ