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I could be wrong and certainly was wrong before, but I believe that what we're seeing here is the biggest game of musical chairs, ever. There will be a lot of
by CaptainZapp 8y ago
I could be wrong and certainly was wrong before, but I believe that what we're seeing here is the biggest game of musical chairs, ever.
There will be a lot of hurt when the music stops, represented by not finding anymore "investors" to fuel the hype.
In other words: I think you're spot-on!
- rsynnott 8y ago> but I believe that what we're seeing here is the biggest game of musical chairs, ever. Nothing like it; the amount of money invested isn't huge. It's nowhere near as scary as the various national mortgage bubbles in the noughties. When it collapses, damage will be limited.
- CaptainZapp 8y agoOn reconsideration you definitely have a point here. I still believe there will be a lot of hurt for a lot of people. As I saud I may be wrong and virtually slap myself for not having jumped into the fray, when it was "only" 6000$. (small edit: Typos [damn mobile screens])
- rsynnott 8y agoOh, sure, it’ll hurt a lot of people who gambled on it. It already has. But it’s not a systemic risk.