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It's worth noting, then, that you saw the same thing (in much slower motion) as the dotcom bubble burst way back when 4/pic.twitter.com/lYODFoqtzq
Back then there was a reserve of true believers who kept buying the dips, sure that the market would eventually regain its faith in techno-magic. Some of the same thing presumably happening now. Plus there are probably market manipulators now, trying to support things 5/
The point is that even though bubbles are, in effect, natural Ponzi phenomena, they don't end as cleanly and suddenly as deliberate Ponzi schemes. To realize the full joy of cryptofreude, you need to be a bit patient 6/
"Market Manipulators" is the key phrase of our times. I don't understand why most people aren't aware of it, or don't speak about it.
Question : was the dotcom bubble a real bubble or just a long dip? If you zoomed back on that graph and showed current time, you would see the chart go much higher in recent years.
90% of those dot coms are gone
I agree with your points but I think the elephant in the room is the utter stupidity of the economic policy put into pls r by these tax cuts. They don’t have the money to pay the bills, so they have to print money at full employment meaning inflation and high rates.
That means the market will tank cause it’s going to cost them money to borrow and bonds will tank with rising rates. So there is no place to hide. Welcome to Atlantic City, which, by the way is exactly where I told you we were going.
Then let the plunging(neck)line expose itself!
Amazon started then. Is that a failure?
There is definitely market manipulation that is likely still keeping prices up. https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/ …
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