Quote (bogie160 @ 10 May 2021 14:45)
I'm not dumping on crypto as a financial instrument, just the current state of affairs.
Even BTC and ETH are extremely speculative right now, anything else is meme-tier gambling that 99% of people put zero thought into.
Pump and dumps happen all of the time in stocks, especially venture / penny names, but DISCA and friends can't hold a candle to what we're seeing in crypto right now.
those who are serious and early into crypto never modeled itself as some form of financial instrument. yes we are in peak meme tier territory. now how did we get here yet again?
i’ll tell you why. was at the airport gate on a layover earlier you know what i heard on every financial news platform blasting throughout? four highly paid idiots trying to explain why eth has more use cases than btc, and which you should invest in
the street looks dumb again so they want to look smart now. look crypto’s been very favorable to me, so have equities. i despise and adore both because they capture the best and worst facets of humanity. the relative moralism about crypto because some dorks figured out how to 10x to 1000x for fun is not something i worry about in the grand scheme of things. its like blaming vegas airport for having a slot machine waiting for you outside the gate