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fibo

A fibo is short for fibonacci, a math concept frequently used by a daytrader or chartist to identify whether the price of a stock or crypto is set to rise or fall.

In practice, the chartist is almost always wrong is about to get riggity riggity wrecked.

Guy in 2018: "Bro, Bitcoin is set to hit $100,000 before the end of year. Trust me, I checked the fibos and fibos never lie.
(The price of Bitcoin proceeds to go under $4,000 and the guy never financially recovers ever again.)

by igotalottastuff June 20, 2020


I feel personally attacked

A (joke) response that shows you can personally relate to content that was meant to be more general.

New York Times headline: Studies show that 2020 has seen a 400% spike in men losing their entire life savings thanks to trading stocks at home.
Man sitting at home trading stocks: "I feel personally attacked."

by igotalottastuff June 20, 2020

45👍 1👎