RE: The bubble machine “It’s 2008 on crack.”...10 Jul 2022 11:46
It's not rocket science- those with the highest and fastest potential gains, have the highest chance of fastest losses and potential losses- every reaction can have equal and opposite reaction- which is why for some like me it's the tiniest part of my investment portfolio. There will always be doom mongers- take house prices in the U.K.- a way less risky asset. If I'd listened to all the dommsayers since the late 80,s id have missed out on a packet- even if there is a crash there and they drop by half- would still be in a ridiculous profit- plus I own the house mortgage free and would have to pay about £3k per month to rent it! I watched films like the big short - sure dommsayers can be right sometimes, but so rare and picking a crash time is so unlikely- generally people who have been investing in a balanced way over the centuries are far better off than the doomsayers... if there was no crypto there would be something else with massive high risk and gain, and I will always invest a tiny part in whatever it is as part of my portfolio ...