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People were referencing exactly this in 2018 when BTC hit $20k and even taxi drivers were talking about cryptocurrency. It then crashed a bit and people felt vi
by oefrha 5y ago
People were referencing exactly this in 2018 when BTC hit $20k and even taxi drivers were talking about cryptocurrency. It then crashed a bit and people felt vindicated. Little did they know at the time that it would rise again all the way to $60k, and people are fucking buying decommissioned power plants to mine… And it’s not just BTC, meme shitcoins created within an hour are apparently serious business now. Rationality is mostly out of the window, it’s hard to predict anything anymore (well, at least harder than ever).
- Retric 5y agoBitcoin “crashed” again, it’s at 39k. Also, people where right at 20k, it fell down to 3k which was a much better time to buy. Really though the only numbers that matter are when you buy and when you sell. Some people got rich buying at 30$ and selling recently, others lost money buying at those same prices but selling at the wrong time.
- rchaud 5y ago> it’s hard to predict anything anymore Only 3 certainties in life: death, taxes, and your crypto exchange experiencing lengthy outages when people try to cash out.
- grey-area 5y agoThis is how people get sucked into a bubble near the top - it’s hard to watch other people getting rich with no effort.
- fnord77 5y agothe 1929 and 1932 stock crashes weren't a straight path down.