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I don't think the bubble thing is true for our time, nor it will be in the near future, it's just tech has become more competitive than ever. I am too young to

by ijafri 10y ago

I don't think the bubble thing is true for our time, nor it will be in the near future, it's just tech has become more competitive than ever. I am too young to know exactly the circumstance surrounding the last .dot com bubble when did it happen ... but I guess, it could have happened, the VC had not seen the full potential of the internet back then... I can't buy the notion, that we will or ever see a bubble ... it's just ups and lows just about anything in life ... because at this point and in future internet is too larger to be vulnerable to it. But that said, there is a little room left, for developers living in the mom's basement., and that's truly sad.

louthy 10y ago
> I don't think the bubble thing is true for our time, nor it will be in the near future, it's just tech has become more competitive than ever. No disrespect meant, but this kind of thinking is exactly how bubbles happen and everything gets out of kilter. Like people who believe house prices will go up forever, so they leverage up - it's irrational exuberance (to quote Alan Greenspan). But eventually this imaginary money that people believed to exist, actually didn't, because the human beings that needed to work N hours to produce that wealth haven't actually been alive long enough to do it. And boom, it all resets. I actually think one of the key tells for being in a bubble is so many people denying we're in a bubble. The talk of it alone is enough to spread fear and doubt. That moves markets. All that is needed is an 'event' that confirms the fears, and boom. It could well be a failed IPO. Who knows? Not I. I was one of the idiots that bought lastminute.com shares.
- ijafri 10y ago
  Point I was trying to make, there is clear distinction between the bubble and ups & lows.
  - louthy 10y ago
    Where are you making that point? I don't see it, what I see are a number of comments denying that a) we're in a bubble, b) we'll ever be in a bubble, because Internet. > I don't think the bubble thing is true for our time > nor it will be in the near future, it's just tech has become more competitive than ever > I can't buy the notion, that we will or ever see a bubble > because at this point and in future internet is too larger to be vulnerable to it.

by ijafri 10y ago

louthy 10y ago

> I don't think the bubble thing is true for our time, nor it will be in the near future, it's just tech has become more competitive than ever. No disrespect meant, but this kind of thinking is exactly how bubbles happen and everything gets out of kilter. Like people who believe house prices will go up forever, so they leverage up - it's irrational exuberance (to quote Alan Greenspan). But eventually this imaginary money that people believed to exist, actually didn't, because the human beings that needed to work N hours to produce that wealth haven't actually been alive long enough to do it. And boom, it all resets. I actually think one of the key tells for being in a bubble is so many people denying we're in a bubble. The talk of it alone is enough to spread fear and doubt. That moves markets. All that is needed is an 'event' that confirms the fears, and boom. It could well be a failed IPO. Who knows? Not I. I was one of the idiots that bought lastminute.com shares.

ijafri 10y ago
Point I was trying to make, there is clear distinction between the bubble and ups & lows.
- louthy 10y ago
  Where are you making that point? I don't see it, what I see are a number of comments denying that a) we're in a bubble, b) we'll ever be in a bubble, because Internet. > I don't think the bubble thing is true for our time > nor it will be in the near future, it's just tech has become more competitive than ever > I can't buy the notion, that we will or ever see a bubble > because at this point and in future internet is too larger to be vulnerable to it.