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Jeez I had a look at their share price. Tripled in 2 days and down 21% the next. It's price movement resembles a typical ponzi token. It is like the bubble thou
by quickthrower2 9y ago
Jeez I had a look at their share price. Tripled in 2 days and down 21% the next. It's price movement resembles a typical ponzi token. It is like the bubble thought pathogen has lept from token world to the traditional stock market. Who will be the last fool? Is it 1999?
- bdcravens 9y agoIf it's 1999, that means we have at a year or two or additional irrational exuberance.
- quickthrower2 9y agoYes, I'm still 'in'
- whataretensors 9y agoI don't own ripple, but you don't need a ponzi scheme to see that kind of growth in speculative value. For example, you may have seen the same thing if Uber's valuation was liquid during it's early days. Of course Uber followed a traditional funding model that restricted access to the top 1% of wealthy Americans. All VC-backed startups do. And many of them follow this curve, it's just not visible to us.