Quote:
Originally Posted by Wayne 962
Based upon historical precedent, if everyone else thinks the same thing, then isn't that one of the defining characteristics of a bubble?
-Wayne
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But I think I’m in the minority of Bitcoin holders who think that way.
And, even assuming it turns out to be a bubble, there’s still potentially lots of money to be made.
Everything is a bubble. Stocks, real estate, etc. It’s all had periods of big declines, and big falls.
Arguably stocks are in a huge bubble right now. So many valuations make no sense. Same for real estate. These current prices (and interest rates) can’t be sustained, IMO.
And that seems to get amplified as time goes on. Everything seems “boom and bust” now.