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That's the rub - it's clearly overvalued and will readjust... the question is when. If you can figure out when precisely then you've won the lottery, for every
by munk-a 9mo ago
That's the rub - it's clearly overvalued and will readjust... the question is when. If you can figure out when precisely then you've won the lottery, for everyone else it's a game of chicken where for "a while" money that you put into it will have a good return. Everyone would love if that lasted forever so there is a strong momentum preventing that market correction.
- jama211 9mo agoIt was overvalued when crypto was happening too, but another boom took its place. Of course, lightening rarely strikes twice and all that, but it proves overvalued doesn’t mean the price is guaranteed to go down it seems. Predicting the future is hard.
- sidrag22 9mo agoif there was anything i was going to bet against between 2019 and now, it was nvidia... and wow it feels wild how much in the opposite direction it went. I do wonder what people would think the reasoning would be for them to increase in value this much back then, prolly would just assume crypto related still.
- jama211 9mo agoIt’s not impossible they could’ve seen AI investment coming but it would’ve been very hard
- pixl97 9mo agoAs they say, the market can remain irrational far longer than you can remain solvent.
- jama211 9mo agoHah! Indeed