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I think the quote "the stock market can remain irrational longer than you can remain solvent" can be very much applied to cryptocurrency as well.

• kace91 5y ago
  With a corollary, "the stock market can remain irrational long enough for you to profit from something valueless". It's of course risky, but cruptocurrencies can be a perfectly valid source of money, as long as you just risk spare money. You don't need to trust it to be a valid investment, you just need to trust that enough people will believe it is.
  • Hamuko 5y ago
    >You don't need to trust it to be a valid investment, you just need to trust that enough people will believe it is. This is called the greater fool theory. https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory