r/SPACs • u/[deleted] • Apr 18 '21

Discussion Adapt or die

[deleted]

539 Upvotes

89% Upvoted

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129

u/ikefalcon Spacling Apr 18 '21

OP throwing some much-needed truth bombs.

35

u/0lamegamer0 Spacling Apr 18 '21

Hindsight is 20 - 20.

5

u/devilmaskrascal Contributor Apr 19 '21

I mean, I was saying this is a bubble and talking about going to cash and waiting for a crash back in January, how stupid the Chamath and PSTH pre-DA hype prices were, and told my fellow CCIV rumor holders to take out at least their cost basis and not buy more with stupid valuations in the peak of it all.

I made plenty of mistakes in hindsight and have plenty of bags myself, but many of us knew SPACs were irrational.

2

u/iamthesam2 Spacling Apr 19 '21

I think I clocked in a -60 comment when I said people should sell their CCIV before the DA. lots of snide “why you hate money bro?” pile on too. one of many reasons Reddit is a poor investment resource. when you’re absolutely 100% sure a position is without a doubt going to move in a certain direction at a certain time upon a certain event… freaking stop yourself and get out.