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This is going to be one of those events that everyone points back to after the crash to show we had reached peak bubble. Like AOL buying Time Warner etc.

lifty 6y ago
I get similar vibes from these events, even though I am a cryptocurrency optimist (including Bitcoin).
- elyobo 6y ago
  Is an optimist one that thinks it will stay around, or one that thinks it will go away?
  - lifty 6y ago
    One that thinks that they will be around and be progressively more integrated in the fabric of society. I think crypto assets and blockchains have the potential to scale societal institutions and trust relationships in a way that was not possible before. Anything that requires consensus and governance can be implemented in a more transparent and trustworthy way on top of crypto asset networks. But some parts of the puzzle are not there yet. Most importantly, we need better ways for people to be able to manage cryptographic keys. Devices like Ledger or Trezor are good but they need to get even better.
antupis 6y ago
Yeah truly WTF moment.
3np 6y ago
You could be right, but I strongly believe that's too early and that there's more to come. This and the markets' reaction are absolutely part of the left side of a hype-mania bubble that will have some event(s) like that but your guess is as good as mine
NumberCruncher 6y ago
Or this is going to be one of those events that everyone tries to sweep under the carpet when Tesla and it's investors have to be bailed out for the first time, because it's too big to fail...
- TeMPOraL 6y ago
  > when Tesla and it's investors have to be bailed out for the first time, because it's too big to fail... That would be a sight to behold. If this happens within our lifetime, then it would be an interesting case study of a fast-track evolution from a healthy company to a stagnant behemoth.
grey-area 6y ago
Yep. GME, SPACs, creative accounting, prices disconnected from earnings. There are so many signs now that we’re living through a bubble, and it may get much worse before it implodes.
- bhouston 6y ago
  The issue is there is so much money to be made in a bubble if you can just get out right at the end -- that unfortunately encourages these things. It is hard to wait on the sidelines while everyone else gets rich -- no doubt there are fortunes to be made in the lead up to the end of the bubble.
  - randomsearch 6y ago
    Or more succinctly: FOMO is what creates bubbles
- gonzo41 6y ago
  I'm not creative enough, and I don't think it'd be well received here, but really wish I could just pull of some WSB type YOLO meme comment about buying tesla shares. But, I see a bubble. Electric cars aren't magic, and I'm more expect Tesla to be outflanked by the East (Toyota) and then the Germans (VW Audi Group). Whilst they may be still doing hybrids, they've got years and years of Auto building experience. Also, Musk's persona is cult of personality that make's me wonder.
lf275 6y ago
That's not the best example. In retrospect, AOL using its inflated stock to buy Time Warner was genius, probably the best thing AOL management could have done for shareholders.
javert 6y ago
If you think this is a bubble, you should think that this is the very beginning, not the peak.
- SpicyLemonZest 6y ago
  Should we? Bitcoin went up 4x from October to January, and was dropping from early January until today. I don't claim to be able to predict the market, but that seems consistent with a bubble that's close to its peak.

lifty 6y ago

I get similar vibes from these events, even though I am a cryptocurrency optimist (including Bitcoin).

elyobo 6y ago
Is an optimist one that thinks it will stay around, or one that thinks it will go away?
- lifty 6y ago
  One that thinks that they will be around and be progressively more integrated in the fabric of society. I think crypto assets and blockchains have the potential to scale societal institutions and trust relationships in a way that was not possible before. Anything that requires consensus and governance can be implemented in a more transparent and trustworthy way on top of crypto asset networks. But some parts of the puzzle are not there yet. Most importantly, we need better ways for people to be able to manage cryptographic keys. Devices like Ledger or Trezor are good but they need to get even better.

antupis 6y ago

Yeah truly WTF moment.

3np 6y ago

You could be right, but I strongly believe that's too early and that there's more to come. This and the markets' reaction are absolutely part of the left side of a hype-mania bubble that will have some event(s) like that but your guess is as good as mine

NumberCruncher 6y ago

Or this is going to be one of those events that everyone tries to sweep under the carpet when Tesla and it's investors have to be bailed out for the first time, because it's too big to fail...

TeMPOraL 6y ago
> when Tesla and it's investors have to be bailed out for the first time, because it's too big to fail... That would be a sight to behold. If this happens within our lifetime, then it would be an interesting case study of a fast-track evolution from a healthy company to a stagnant behemoth.

grey-area 6y ago

Yep. GME, SPACs, creative accounting, prices disconnected from earnings. There are so many signs now that we’re living through a bubble, and it may get much worse before it implodes.

bhouston 6y ago
The issue is there is so much money to be made in a bubble if you can just get out right at the end -- that unfortunately encourages these things. It is hard to wait on the sidelines while everyone else gets rich -- no doubt there are fortunes to be made in the lead up to the end of the bubble.
- randomsearch 6y ago
  Or more succinctly: FOMO is what creates bubbles
gonzo41 6y ago
I'm not creative enough, and I don't think it'd be well received here, but really wish I could just pull of some WSB type YOLO meme comment about buying tesla shares. But, I see a bubble. Electric cars aren't magic, and I'm more expect Tesla to be outflanked by the East (Toyota) and then the Germans (VW Audi Group). Whilst they may be still doing hybrids, they've got years and years of Auto building experience. Also, Musk's persona is cult of personality that make's me wonder.

lf275 6y ago

That's not the best example. In retrospect, AOL using its inflated stock to buy Time Warner was genius, probably the best thing AOL management could have done for shareholders.

javert 6y ago

If you think this is a bubble, you should think that this is the very beginning, not the peak.

SpicyLemonZest 6y ago
Should we? Bitcoin went up 4x from October to January, and was dropping from early January until today. I don't claim to be able to predict the market, but that seems consistent with a bubble that's close to its peak.