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As someone that has been in since 2013, I don't even recognize the current scene. The only reason the vast majority of people are getting into it is to get rich
by arcticfox 9y ago
As someone that has been in since 2013, I don't even recognize the current scene. The only reason the vast majority of people are getting into it is to get rich. It seems totally unsustainable, but the only incentives for people on the inside are to loudly convince others to join them.
- juanmirocks 9y agoLast day I saw a magazine on cryptocurrencies in a kiosk in Germany (in German language). As Warrent Buffett used to say, "When everybody and your taxi driver talks about your stocks... it's time to sell". It's impossible to predict. Anyway, I'm investing with a buy & hold philosophy.
- tudorconstantin 9y agoCrypto currencies are the first investment where everybody and your taxi driver gets to buy before the institutional investors.
- Gargoyle 9y agoI agreed with your first sentence, but then was confused by sentences 2 and 3. That's exactly the scene I recognize from 2011 until now.