4 ms·
What I find funny about most of the comments on here and everywhere else is that many of it reminds me of the investment bulletin boards and forums I've been fr
by kokey 14y ago
What I find funny about most of the comments on here and everywhere else is that many of it reminds me of the investment bulletin boards and forums I've been frequenting over the years. There is always a lot of people talking the price up (since they are invested in it), and when there is a dip it is a 'buying opportunity' (so that others can buy and help the value of their holdings)
What to me the most striking is the firm belief that demand will keep on growing, just like people believed property prices will keep on going up since the population is growing and land is finite. Sure, but demand spikes can still price these things too high.
- lucb1e 14y ago> What to me the most striking is the firm belief that demand will keep on growing, just like people believed property prices will keep on going up since the population is growing and land is finite. Sure, but demand spikes can still price these things too high. I don't think anyone really expected it to go up in one straight line all the way to the value that it should have during mainstream usage.
- kokey 14y agoSure, but I don't think everyone takes into account that the price could collapse down to $20 or below and could take, say, over 5 years or more to get above $300 with a lot of volatility along the way.