this post was submitted on 05 Apr 2025
488 points (97.1% liked)
Leopards Ate My Face
6120 readers
1465 users here now
Rules:
- If you don't already have some understanding of what this is, try reading this post. Off-topic posts will be removed.
- Please use a high-quality source to explain why your post fits if you think it might not be common knowledge and isn't explained within the post itself.
- Links to articles should be high-quality sources – for example, not the Daily Mail, the New York Post, Newsweek, etc. For a rough idea, check out this list. If it's marked in red, it probably isn't allowed; if it's yellow, exercise caution.
- The mods are fallible; if you've been banned or had a comment removed, you're encouraged to appeal it.
- For accessibility reasons, an image of text must either have alt text or a transcription in the comments.
- All Lemmy.World Terms of Service apply.
Also feel free to check out !leopardsatemyface@lemm.ee (also active).
Icon credit C. Brück on Wikimedia Commons.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's actually a pretty good return, but only helps people with cash lying around, which generally are already rich fucks.
It also assumes this is the bottom. That $2000 could become $1000 and it may take years and years and years to get to $2500 instead.
There is no indication this is the bottom.
Exactly. A 25% return is amazing, but turning $1 into $1.25 isn't really that impressive. Turning $1,000,000 into $1,250,000 is. The two returns are the same but one made 25 cents and the other made 3x the yearly median income of a US citizen. "Buying the dip" only makes a difference if you're already filthy rich.
Exactly. All the morons planning on buying the 'dip' before EU nations even announce their response to these tariffs are about to hurt themselves in confusion
Ron Howard voice:
It was not the bottom. In fact the bottom would not be discovered until the food riots of 2026.
We're a little behind schedule.