pjx1 t1_j1wknzo wrote
Reply to comment by [deleted] in This little-known firm with a weird website was central to the misappropriation of FTX customers' money, regulators say by RaiderOfZeHater
Crypto is a repeat of the Tulip Market Crash
madsci t1_j1x4fsk wrote
This should be required reading. The psychology was well known 170 years ago.
Heck, I experienced that myself in elementary school. Our school went through a number of weird bubbles. One was adhesive grip tape for skateboards. The few skaters in the school would use it to decorate their decks but somehow the entire school got in on colored grip tape speculation.
No one cared about the intrinsic value, as long as they thought they could turn a profit.
FUDnot t1_j1y9gor wrote
this argument has been used againts crypto at least 5x per year for a decade.
jwktje t1_j1ykrj7 wrote
And for what reason?
KaliGracious t1_j1yo20s wrote
Because ignorant morons refuse to try to understand how crypto works
Viewing a single comment thread. View all comments