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by voces 1895 days ago
In a sense, you both are correct. The stuff on YouTube is terrible, but it is also used by many (some made a lot of money and so are very vocal about it). A 1000 YouTube videos promoting a terrible coin. The price is going up. Even the one who went to YouTube to consume the drivel and act on it made some money. 5 videos were top-notch production quality, measuring itself against the top paid analysis.

A crazy thing went on early with ETH bot trading. Of course, if you are going to download a bot from Github which works on a few trends and technical indicators, you should not expect to make a lot of money. But many did -- It is easy to predict whether a rocket is going up. The features the bot used are still indicative (at other timeframes), because so many were running them, influencing the price in future timeframes.

> misleading impression that picking stocks is very easy

At least picking a stock yourself is easier than predicting what stock someone else will pick.

> MBAs, and work in fund management every day for decades...and will never come close to being profitable

That seems like a cosy lifestyle not worth bragging about, good job security. Rooting for the night janitor at a small hotel though, who put a 1000$ on doge coin when first reading about the rememe potential.

But I agree with the gambling and financial terrorism for kicks. More as a warning against financial irresponsibility, less as in "stay of my turf!".