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The Annoyed Man wrote:

Bitter Clinger wrote:Tulip bulbs and beanie babies.

The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants.

Why not just admit that it's gambling and that's the enjoyment? You don't need to fly to Vegas, but the drinks are free once you get there.

Have fun, I hope you do well. If you don't, just remember the house always wins.

You need to watch “Banking on Bitcoin”, a movie you can view on Netflix. It satisfactorily and directly addresses the “Tulip Bulb” scenario. The tulip bulb debacle lasted less than one year from beginning to end. Crypto has been around for several years now (since 2013 for Bitcoin), and it isn’t showing any signs of tanking.