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Well, the reddit /wsb crowd is still holding tremendous sway. Below are the top ten recipients of their attention and buying. The most hysterical one is Wendy’s, which is absolutely exploding today. And why? Because the notion of “tendies” (e.g. you make some money trading and celebrate by buying and eating some chicken tenders) has come full circle, and they are holding Wendy’s in the highest esteem to their chicken tenders on the menu. I’m serious. This is where we are at.
There’s nothing easier than hindsight. Yet hindsight – – even that which gazes upon only a few weeks past – – can be instructive. Let us examine the wipeout which has taken place in the entire crypto space over the past month by simply examining some of the breathless coverage that was going on near the top.
We need not look far. Examine this headline from no less a source than NASDAQ, which proclaims, on the heels of Bitcoin’s ascendency to $64,000, that the top may be “nowhere near”. It will come as absolutely no surprise to you that this was published roughly to the millisecond that the top itself was hammered out.
