Quote:
Originally Posted by dyna mo
was the stock market crash in 1929 a bubble?
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Market index vs. cryptocurrency? While we're doing that, is agriculture a bubble? An index is just a way to track representative securities. It has no value per se and can't be spent. To speculate on it requires an instrument. There have been numerous bubbles of individual names within all the major indexes, though. HGSI anyone?
What is funny is there are always people like you, ridiculing anyone who questions the value, saying this is a "new paradigm" etc. You'd think eventually the script would change but it seems to cleave to a standard.
I'll say it again. If bitcoin goes to 10m$ it will collapse eventually. If you make money on the way up, and are liquid, more power to you. If you "buy and hold" as you're told, you are paying some smart person's bills. Good luck.