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In the same way, we could say there were people who “missed out” on buying Pets.com stock and selling it before it peaked. It doesn't invalidate the point of vi
by paulgb 5y ago
In the same way, we could say there were people who “missed out” on buying Pets.com stock and selling it before it peaked. It doesn't invalidate the point of view of people who were Pets.com skeptics on the ride up.
Of course, the question then becomes whether Bitcoin will be more like Pets.com or whether it will climb higher. I have a guess, but I don't claim to know for sure.
- rawtxapp 5y agoPets.com started in 1998 and was gone by 2000, it's more like the ICOs of 2017. Bitcoin has been alive for almost 12 years now and is stronger than ever before. I'm not sure that's a fair comparison.
- SideburnsOfDoom 5y ago> Bitcoin has been alive for almost 12 years now Bernie Madoff's fraud lasted longer than that.
- paulgb 5y agoThere's no rule that markets can be extremely irrational, but only for up to two years.