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Bubbles are fun. People are enjoying everything you mention because of the volatility (see, e.g., the rollercoaster meme), and because they are making money. T
by berberous 9y ago
Bubbles are fun. People are enjoying everything you mention because of the volatility (see, e.g., the rollercoaster meme), and because they are making money. The same reason people in the 90s enjoyed day-trading Internet stocks, people in the 1600s enjoyed talking about Tulips, or people in the 00s enjoyed talking about flipping houses.
At some point it will pop. People will despair and move on, except for the true believers. They will build something lasting, and less volatile, but no, I don't think the speculators will continue to find fun in something that is no longer moving up so rapidly (even if it's steadily increasing and creating value).