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It's impressive how long markets can remain irrational. Not just crypto, but the stock market and housing market as well. It seems that finance is completely de
by starfallg 6y ago
It's impressive how long markets can remain irrational. Not just crypto, but the stock market and housing market as well. It seems that finance is completely detached from the fundamentals (and hence reality).
- sumedh 6y ago> Not just crypto, but the stock market and housing market as well. Its not completely irrational though. Interest rates are at record low levels which encourages debt and you also have the US Fed printing money which is why people use BTC as a hedge.
- Geee 6y agoAdd gold to that list.
- deleted 6y ago[deleted]
- loeber 6y agoIf you're claiming that all markets are detached from reality for a prolonged period of time, consider that the "fundamentals" you grew up with may no longer apply -- the game has changed, and now you may be detached from reality. If every other car is driving on the wrong side of the road...
- eric_cc 6y ago"I'm so smart and intellectual, it's the market that's wrong!!!" - how not to approach investing