I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it's worth. The recent sell-off by dumb money has or soon will deprecate many opinionated know-nothings in this space. We don't need new ones to take their place.https://twitter.com/cenaclecapital/status/1028632915951972352 …
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We always need dumb money for the market to go up and down which is a healthy sign
No. Volatility is not good, and especially not if it's caused by dumb money.
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@DanielKrawisz Has good thoughts on this. ‘Volatility’ is a sign of a maximalist or retired market. If active participants sold say 25% at $25k, and rebought at $15k, shares become more concentrated, through current participants. Thus, price volatility reduced. -
Never selling punishes time sensitive buyers (thanksgiving) or those Nov - Feb 2018. Effectively these shares are retired. Like wise maximalists are undiversified, thus can not rebuy a dip, to stabilize price (punishing time sensitive sellers). This can be improved internally.
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Market makers are useful, but non-trust-minimized market makers are very much a mixed blessing.
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Ya, I’m not for ETF. It boosts price but short term and a lot (up or down) on rando news. I mean it’s fine but one could suggest something like 100,000 shares are being bought or sold on this news, maybe - where as average volume is 54,000 shares per month.
End of conversation
New conversation -
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I can see your point
Thanks. Twitter will use this to make your timeline better. UndoUndo
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