“Speculation on the stock exchange has spread to all ranks of the population and shares rise like air balloons to limitless heights…. The population was now engaged in evading taxation and devoting their money to speculative purchases…. Shares in respectable concerns which had paid a 20% dividend, were pushed higher and higher till the final holders could not expect a return of even 1%.
Hindsight: a beautiful example of the Elliott Wave Theory, dogecoin and crypto in general, when unfettered by government controls follows EWT very nicely. Crypto moves fast, much quicker than traditional finance, so you snooze you lose is the rule. EWT is defined by the golden ratio, which in layman’s terms means 3 steps forward, 2 steps back. The direction can be growth or destruction, with transition patterns leading towards main sequence patterns. It’s nature on display. From the macro to the micro the golden ratio is found in nature everywhere. In humans, it’s in our subconscious behavior, just like in that old sci-fi classic “The Forbidden Planet.”
After reading this I can't help but think that the best strategy to avoid inflation is buying crypto. It's a really well written article, and a likely situation, and I believe in inflation more than I believe in doge... but there are no solutions at the horizon. Oh yeah, hey everyone, stop buying cryptocoins, especially "useless" ones! Problem solved?
Interesting. Much WOW!
You're scaring me. I like it
hadn't calculated the speed at which 'meme world' could potentially accelerate the path to hyperinflation. WOW DOG!