5 ms·

This seems like a good indicator of a bubble. Everyone and their uncle knows a crash is coming, and these guys are shooting nonsense about regret and disappoint

This seems like a good indicator of a bubble. Everyone and their uncle knows a crash is coming, and these guys are shooting nonsense about regret and disappointment. 1b is a lot of money. Even for these guys.

dingdongding 9y ago
> Everyone and their uncle knows a crash is coming A crash is always coming. Be it stock market or bitcoin. Everyone knows that but nobody knows when. It is just like saying we all are gonna die. Nobody knows when.
- relics443 9y ago
  True, but someone with an end stage terminal illness shouldn't buy a car.
  - captainbeardo 9y ago
    I'd say that's the best to buy a lambo.
    - deleted 9y ago
      [deleted]
    - oh_sigh 9y ago
      especially on credit
  - MichaelApproved 9y ago
    Why not? What would they be saving their money for?
    - krallja 9y ago
      Doesn’t matter. If you’re going to die soon, get a lease. Fill the car up with the remaining dollars.
  - relics443 9y ago
    Someone I know was in such a situation. He bought or leased (I don't remember) a nice car a week before he passed. The payments got passed on to his children, who didn't want to deal with that in the wake of their dad's death.
    - nether 9y ago
      How is that possible? Were the kids cosigners on the lease?
tinkyada 9y ago
The question is how soon is soon. I remember saying the exact same thing 3, 4 yrs ago when these 2 same guys were then saying bitcoin would go to $10000. It was something like $600 then and I thought they were totally nuts and that was a sign of a bubble if anything. Now I wish I had bought a few coins back then
- spookthesunset 9y ago
  > Now I wish I had bought a few coins back then This kind of regret is exactly how you know it is a bullshit scam. No real-world investment behaves like bitcoin. It is massive, souped up penny stock designed to suck in libertarians and tech nerds. Plus, who the fuck wants to adopt a "currency" where only the early investors get to be rich? Like, a vast majority of the BTC wealth is in a tiny, tiny fraction of people who were mining BTC way back in the day. How in the holy heck is that something you'd want in a mainstream currency?
  - ionised 9y ago
    > Like, a vast majority of the BTC wealth is in a tiny, tiny fraction of people who were mining BTC way back in the day. Isn't that also true of fiat currencies though? Most of the wealth is concentrated in the hands of a few, and passed down through families as inheritance over centuries.

dingdongding 9y ago

> Everyone and their uncle knows a crash is coming A crash is always coming. Be it stock market or bitcoin. Everyone knows that but nobody knows when. It is just like saying we all are gonna die. Nobody knows when.

relics443 9y ago
True, but someone with an end stage terminal illness shouldn't buy a car.
- captainbeardo 9y ago
  I'd say that's the best to buy a lambo.
  - deleted 9y ago
    [deleted]
  - oh_sigh 9y ago
    especially on credit
- MichaelApproved 9y ago
  Why not? What would they be saving their money for?
  - krallja 9y ago
    Doesn’t matter. If you’re going to die soon, get a lease. Fill the car up with the remaining dollars.
- relics443 9y ago
  Someone I know was in such a situation. He bought or leased (I don't remember) a nice car a week before he passed. The payments got passed on to his children, who didn't want to deal with that in the wake of their dad's death.
  - nether 9y ago
    How is that possible? Were the kids cosigners on the lease?

tinkyada 9y ago

The question is how soon is soon. I remember saying the exact same thing 3, 4 yrs ago when these 2 same guys were then saying bitcoin would go to $10000. It was something like $600 then and I thought they were totally nuts and that was a sign of a bubble if anything. Now I wish I had bought a few coins back then

spookthesunset 9y ago
> Now I wish I had bought a few coins back then This kind of regret is exactly how you know it is a bullshit scam. No real-world investment behaves like bitcoin. It is massive, souped up penny stock designed to suck in libertarians and tech nerds. Plus, who the fuck wants to adopt a "currency" where only the early investors get to be rich? Like, a vast majority of the BTC wealth is in a tiny, tiny fraction of people who were mining BTC way back in the day. How in the holy heck is that something you'd want in a mainstream currency?
- ionised 9y ago
  > Like, a vast majority of the BTC wealth is in a tiny, tiny fraction of people who were mining BTC way back in the day. Isn't that also true of fiat currencies though? Most of the wealth is concentrated in the hands of a few, and passed down through families as inheritance over centuries.