3 ms·
Just yesterday I saw an ad on the Tube[1] - "Buy & short cryptos" / "Copy expert crypto traders" / "Invest in a crypto portfolio", and made me think of cabbies
by ggambetta 9y ago
Just yesterday I saw an ad on the Tube[1] - "Buy & short cryptos" / "Copy expert crypto traders" / "Invest in a crypto portfolio", and made me think of cabbies giving stock tips previous to the 1987 crash.
[1] Pic here: https://twitter.com/gabrielgambetta/status/926787567365902336 https://twitter.com/gabrielgambetta/status/92678756736590233...
[2] Turns out it was shoeshine boys and 1929 (http://archive.fortune.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm http://archive.fortune.com/magazines/fortune/fortune_archive...), but my point stands :)
- charlesdm 9y agoAt a market cap of $200bn, it's hardly comparable. In fact, it's not even a blip in the grand scheme of things. If this really is a bubble, current prices are cheap (imo) and it will head into the many trillions of dollars. But that's me putting on my speculator hat.