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Well when it stops catastrophically collapsing after each major price rise, like...you know...a bubble, then we'll stop calling it that.
by FridgeSeal 6y ago
Well when it stops catastrophically collapsing after each major price rise, like...you know...a bubble, then we'll stop calling it that.
- okokok___ 6y agoYou mean like any other market? Or just this one?
- FridgeSeal 6y agoSo is it a currency or a market? Because if it's a currency, it way too useless and volatile compared to EUR/USD/AUD/CAD/GBP etc. If it's a market (a la share market, commodities etc), then the volatility is fine, but what advantage does being a crypto-currency bring here? Because I'd rather invest in a normal company on the stock market instead of a crypto-currency, because at least with the former I am far, far less concerned about yet another exchange disappearing off the face of the earth or doing something illegal...
- okokok___ 6y ago>Because I'd rather invest in a normal company on the stock market instead of a crypto-currency, because at least with the former I am far, far less concerned about yet another exchange disappearing off the face of the earth or doing something illegal... Fine, do that.
- garmaine 6y agoPeople call other markets a bubble too.
- okokok___ 6y agoFair enough, see FridgeSeal's comment above though. Why are they OK with investing in an equity bubble but not a cryptocurrency bubble? They're both inflated assets. I would say, in general, the phrase "bubble" is used much more frequently when talking about cryptocurrency than equities even though equities are more overpriced than they've ever been.