That said, it’s not entirely like it, because I’m already making trundles of money from my $RIOT puts. In 1999 I’d still be losing my shirt.
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After the crash the trick will be sorting out who the pets.coms and webvans are and who are the googles and amazons. Could you tell in 2001?
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I doubt I could, but there are some obvious fraudulent companies that will die away, so focus on shorting those
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Can be risky, timing is hard; “markets can stay irrational for longer than you can stay solvent.” Look how Herbalife worked out for Ackman (and I agree with him [and you] on the premise)
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Bananas, you said?
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And for the second time im missing the boat on the biggest investment opportunity ever.
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I'm struggling to validate businesses that use "blockchain" metaphorically vs. literally (technologically), same way SaaS bizs use "cloud".
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I did some day trading during the dotcom boom, this is so similar, the lessons learned the hard way 15yrs ago are paying off now
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