3 ms·
Old saying: "What's common in every bubble is the belief that this time, it will be different." -> if you invest in cryptocurrencies, make sure not to invest mo
by f_allwein 9y ago
Old saying: "What's common in every bubble is the belief that this time, it will be different." -> if you invest in cryptocurrencies, make sure not to invest more than you can comfortably lose (probably a few percent of your overall funds).
- chrisco255 9y agoI think it amusing that the value of all 90s dot com IPOs were $44 billion. If that's accurate then it sounds like the dot com market as a whole was a bargain, because Google alone is worth >$700 billion and Amazon is worth >$500 billion.
- sanmon3186 9y agoBubble or not, one obvious difference with cryptocurrencies is, it is not limited to a geography or a country. I hesitate to use the term “insurance” but the risk is spread across the globe. That plus the freedom to get into it (and leave) anytime makes it unique in a way.
- drcode 9y agoOh, but the naysayers in the media who have predicted bitcoin's collapse every month for years and have been wrong every time are of course given a free pass and are allowed to say "this time it's different" once again.
- boyce 9y agoI think this is clearly not equivalent At the moment it feels like a parent warning a child - at some point you have to decide to step back and let them learn the painful lesson for themselves