This one fallacy helped trigger a wave of bankruptcies in Italy in 2005.
It can also damage investment portfolios.
Here's how: marketpsyops.eu/p/gamblers-fal…
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Market PSYOPs
9 posts
@WillAyy_R Also fair point - NFT wash trading was wild. Thank god there's no more grifts these days
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I feel like this shit was just a way to launder dirty money
Market PSYOPs@MarketPSYOPs
In 2021, somebody paid $1.3M for this JPEG of a cartoon rock. Ridiculous, eh? But a surprisingly easy trap to fall into... It's called Mimetic Desire, and it can destroy your portfolio. Here's how to deal with it.
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@DavidHyett6283 It was solid core JPEG, far more valuable than tungsten
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@jayhastings79 They were strange times alright... But human nature (and grifting) will probably always stay the same
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@treyxdonovan Also fair point, NFT wash trading phase was wild
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Remember the guy who paid $1.3M for a JPEG of a rock? Don’t be that guy.
Following the crowd is dangerous. Mimetic Desire can ruin your portfolio.
This week’s PSYOP →
marketpsyops.eu/p/mimetic-desi…
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Welcome to Market PSYOPs: the newsletter at the intersection of psychology, markets, and speculative trading.
We give you market psychology insights, so that you can avoid thinking traps, and trade better.
Start here: marketpsyops.eu/p/welcome-to-m…
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