"Why is Bitcoin up?" "People use it to buy Ethereum." "Why is Ethereum up?" "People use it to buy ICOs." "Why are they popular?" "Bitcoin."
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Forgive me for harping on this topic so frequently but I see the dotcom bubble without pet food delivery and the mortgage bubble w/o houses.
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It's mania distilled to purest form, where the I Can't Believe They're Not Securities are barely even pretending to interact with economy.
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