I like watching the discussions articles like this generate. It reminds me of both the dotcom and property bubbles and before it was obvious these were unravel

I like watching the discussions articles like this generate. It reminds me of both the dotcom and property bubbles and before it was obvious these were unraveling how people defended their positions. The biggest thing I get reminded of is those who bought property on credit at high values with the intention to flip them quickly at a profit. This reminds me of those who raise a lot of money for a company in order to flip it to the next guy. These are the people who will attack any perceived coming decline the hardest. They will tell you that this time it's different because 1% of China is now online. That technology is here to stay and will always grow and so will the market, with mobiles etc. This is true, but so was it true during the dotcom bubble. We got the timing wrong, and we got the business models wrong for sure. In reality, like after the dotcom bubble, there are startups that formed over the recent years that will survive all this and be as well known as the giants we have today that formed during the dotcom era. It's just that we'll have a decline of appetite to throw money at me-too ideas with unrealistic business plans apart from flipping the company to the next sucker.