a little-known micro-cap stock called Long Island Iced Tea Corp. (LTEA) said Thursday that it’s now “Long Blockchain Corp.,” and its stock leaped more than 200 percent at the open of trading. Shares closed up 183 percent.
🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
This is like my friend who “invested” in Doggy (not Doge) coin “because it was going to explode and become highly valuable” even though it was only worth like .1% of what Doge was worth like two years back… He’s a teacher.
Or my other friend that invested thousands in Etherium like 2 years back, while knowing basically nothing about “The Etherium Network”, or anything crypto related. He just knew that he could potentially make money off of it like he could with stocks. I asked him like a year later if he ever made anything off of it and he said “not really”, and said he had reinvested the money into other things (I forget which, it wasn’t crypto related) 🤣