Originally Posted by will76

what is even worst is these idiots will buy it at $40 now and then its going to crash back to $20 or worst. So not only was it not a great investment if you got in 20 years ago, its 100x worst investment for the idiots who got in last minute.

Same thing happened with the stock market in the 90's (in particular late 90s) and same thing with housing in the early 2000s (2000 - 2005). The shit goes for years with modest gains and then spikes, so it gets hyped by people seeing other people making money from it, so more people jump on board, then the fringe idiots see wow everyone is making money this is so easy, i can do it too. So they jump on board and ka booooom the whole thing implodes. Any time anything is artificially run up in value 2-3x more that what it was just a couple years ago, mainly from hype, its just a matter of time before the correction hits your ass.


Buy high, sell low... Congrats dumb asses.