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Sort of similar here. A coworker said I should buy real-estate - any amount, any way I possibly could. It has to go up 20% a year, he told me. There's just som
by JimboOmega 9y ago
Sort of similar here. A coworker said I should buy real-estate - any amount, any way I possibly could. It has to go up 20% a year, he told me.
There's just something when random people who have no particular interest in investing suddenly are preaching an investment that smells like a bubble - and one close to bursting. It still took a couple of years from there, though.
Maybe it's because the pyramid has nowhere else to go from there.
And of course me pointing to previous real estate downturns was dismissed - it was still viewed as fundamentally impossible for real estate to lose value.
- taneq 9y agoWise men do at the beginning what fools do at the end? Combine that with Sturgeon's law and if more than, say, 20% of people are doing something, it's a fad at best or a bubble at worst.
- deevolution 9y agoEverything goes in cycles. Bitcoin bubble already burst, now time for the next cycle.
- tinytim69 9y agoEnter Bitcoin.