Bitcoin crash, page-12

Can’t remember the quote exactly but goes something like “before it’s a bubble, it’s just a bloody good trade!”

One look at the chart for bitcoin tells you what it is. It’s not the first and won’t be the last as long as humans are still trading. This is textbook herding with a fomo turbo charger. Every generation needs their bubble, don’t begrudge the next generation of investors theirs.

Another striking statistic out of the US is that 70% of lotto winners will blow all their winnings within 5 years. (According to one study). I’d imagine the same will apply to ‘bitcoin winners’.

Facinating to watch nonetheless.

I’m happier owning NST over the long term. Some could even call the rise from 0.04c to $5.80 in 7 years a bubble

NST has returned more to investors in dividends that it has raised from the market via CR’s. Not bad going.