I Was Watching This Movie Last Weekend And Here's Why You Should Watch It Too

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Ever feel like cryptocurrency is a secret club you can't get into? A recent survey shows that 63% of new investors are overwhelmed by complicated terms and scared of losing money. But what if a movie could help you see things differently and even help you make smart crypto investments?

1. How A Movie Just Last Weekend Taught Me A Lesson

I was watching this 2023 movie, Dumb Money, on Netflix just last weekend. It tells the exciting story of how regular people grouped together in 2021 to challenge big-time investors over GameStop stocks. The film shows how everyday folks can impact the stock market when they band together, inspired by social media. It’s not just a fun watch—it’s a lesson for anyone interested in investing.

Coincidentally, the main guy from the movie {Keith Gill, also known as Roaring Kitty) is back after 3 years on Twitter and causing excitement in the cryptocurrency world yesterday. His return has particularly sparked a big jump in the value of meme coins like Pepe and Dogecoin. These coins are soaring to new heights, with Pepe hitting its highest price ever. This surge is similar to what happened with GameStop in 2021 when Gill’s actions helped shoot up the stock's value.

Now, people are watching to see if he can have the same impact on cryptocurrencies. His comeback points to chances for making money in crypto that you might want to know about.

2. What's Happening To Meme Coins Now?

When big names like Keith Gill (also known as Roaring Kitty) make moves, the market reacts. In 2021, he helped GameStop stock jump 1,500% in just two weeks by rallying people on social media. Now, he might be into cryptocurrencies like Dogecoin and Shiba Inu, and we’re seeing quick price jumps there too, sometimes up to 3900% in 2 days (GME)!

Learn from the Past

Think about when Bitcoin’s price shot up from about $1,000 in January to almost $20,000 by December—a 1,900% increase. This was largely fueled by a surge in interest from retail investors and media buzz, much like what we’re seeing now with meme coins. Knowing how past events unfolded helps us understand the power of media and public interest in shaping the market.

Important Lessons from Crypto's Ups and Downs

1. Influence Matters: Research in the Journal of Finance shows that when famous people endorse cryptocurrencies, prices can swing by up to 18%. This shows how powerful influencers can be.

2. Be Ready for Anything: The meme stock craze of 2021 saw AMC’s stock rise over 2,800% from January to June, driven by groups of small investors. This shows just how unpredictable the market can be.

3. Join the Community: When Bitcoin Ordinals started, allowing unique digital items on the Bitcoin network, Bitcoin transactions jumped by 300% in one month. Being part of online groups can clue you into new trends like this.

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4. How to Make Smart Crypto Choices

In the fast-paced world of crypto, it’s not enough to just jump in—you need to know what you’re doing. Here’s how to stay ahead:

1. Keep Learning: Your best tool is staying informed. Sign up for the Crypto Profit 101 newsletter to keep up with market trends and tips from experts.

2. Understand Crypto Is Very Much Community Driven: The more you know about how cryptocurrencies work and what influences their prices, the better your chances of making wise decisions.

3. Think Carefully Before Jumping In: Investing in cryptocurrencies that go up and down a lot, like meme coins, isn't for everyone. If you find this kind of investment too risky or if it doesn't fit with your financial plans, it's best not to follow the crowd.

Think About This: Now that you see how big influencers can shake up the crypto market, are you ready to use this knowledge to your advantage? In the world of cryptocurrency, being well-informed and prepared isn’t just helpful—it’s essential. Don’t wait for the next big trend; start building your investment path today.