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The one thing that's telling me it isn't a bubble is the sheer number of people calling it a bubble. It seems the majority of people, inside and out of tech, s
by misterbwong 11y ago
The one thing that's telling me it isn't a bubble is the sheer number of people calling it a bubble.
It seems the majority of people, inside and out of tech, see it as a bubble. This is what makes me think that it won't "pop" but instead deflate slowly and painfully.
- sputknick 11y agoI agree with you. Or you will know it's a bubble when people start to say "this isn't a bubble, it's different this time." It's never different this time.
- RaSoJo 11y agoUnfortunately I am hearing a lot of people say the same - the fact that people ARE talking about a bubble and hence it is NOT a bubble. This justification is calming to hear - but could this be the cause of complacency this time around?
- zzalpha 11y agoFunny, people said the same thing leading into 2000/2001... past is indeed prologue when it comes to irrational exuberance. Which is one of the main points of the article... many in the tech industry (and many here on HN) are too young to remember what a tech bubble looks like, or how painful it is when it pops...