this post was submitted on 11 Mar 2025
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[–] FlashMobOfOne@lemmy.world 0 points 3 days ago* (last edited 3 days ago)

They are as cyclical as people are cyclical for falling for confidence scams again and again and again

No. They are cyclical because of the way that crypto algorithms work, and the effects they have on the media and human greed.

how ethical it is.

This conversation isn't about ethics. It's about the silliness of the meme, but thank you. You are correct in saying that each individual investor needs to consider these issues as well.