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my point is that the ammount of borrowing people are doing to get into crypto is nothing in comparison to the amount of borrowing that drove the real estate bub
by medo-bear 4y ago
my point is that the ammount of borrowing people are doing to get into crypto is nothing in comparison to the amount of borrowing that drove the real estate bubble
- Asparagirl 4y agoEvery dollar they put into crypto, borrowed or not, could have gone into something with an actual use case. A house has a use. A tulip bulb has a use.
- medo-bear 4y ago> A house has a use yet the housing market crashed and will probably crash again
- mateo411 4y agoYou can grow a pretty flower from a tulip bulb.
- Asparagirl 4y agoIndeed. And with enough sun, rain, soil, and chill hours[1], that bulb can become two in a few years, doubling your investment… [1] which can and should be faked by putting the bulb in the fridge for 12-14 weeks before planting, if you live in a warm winter climate like the Bay Area