05-20-2021, 08:38 AM
(05-20-2021, 02:20 AM)InbetweenDreams Wrote: @Cridders88 I told those people that the time to invest, if they're going to invest, is when the market crashes and everyone stops talking about it. There for a while in 2018-2019 you didn't hear a whole lot in the headlines about crypto that much and that's because the prices were stagnant. Might be 1 year...might be 5, but the craze will repeat again at some point...Google ”˜The South Sea Bubble’
I confess however to being biased having worked for an Australian Sharebroker here during the ”˜Posiedon Boom’.
I arrived at work early as usual where the senior partner and I often shared a few swigs of scotch in the  boardroom.
”˜Harry’ always sat at the opposite end of the boardroom table. This morning he didn’t roll the bottle of scotch down the table to me. I thought he was asleep. After a time got up to wake him . He was dead having committed suicide. Turned out he’d committed suicide having stretched the firm’s overdaft and his own way too far buying United P R shares on false mineral assays. We were all out of a job overnight. Those up to their ears in crytocurency should read something about the Great Tulip Boom.
Think I’ve recommended this tome here before so forgive me if I’m repeatiny myself. It’s worth reading “Extraordinary Popular Delusions & the Madness of Crowds" by Charles Mackay (Publ’ 1842 !) - but we never learn, do we.