Bubbles are such a useful concept!

23rd June 2019 Off By binary
Bubbles are such a useful concept!
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Yes, I’m being sarcastic. I’m long past the point where I regard “bubbles” as an intellectual idea that should be taken seriously.

A few months back, I did a post mocking all of the (failed) previous predictions about Bitcoin being a bubble. Yet because the price at that time was well down from the peak, there continued to be lots of claims like the following:

We can safely say the ICO bubble is over now.

That was in March, when Bitcoin was at $4000. Today it’s up over $10,800.

If these are bubbles, then please give me more, and more, and more of them. I’ll laugh all the way to the bank.

HT: MSGKings

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