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And another thing—the flip strategy has been used in the stock market since forever. It’s just called shorting a stock, you f**king moron.
The only f**king morons here are the ones that think that they can invest in a market that sounds easy to make money. They KNOW that it’s not easy to do make money buying real shares on the ASX, but for some reason have been convinced that it is easy if you buy cryptocurrencies.
Facts are that crypo merkins driving lambos are living the life because nerds living in their mum’s basement lost theirs. I mean we all know the nature of zero-sum markets, where significant wealth acculation comes at someone else’s expense. The point with these types of speculative investments is that they are as easy to use as your SportsBet or TAB app. So why not eh.