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by mancerayder
3119 days ago
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I think a large part of the answer is scope. The scope is international, and the scope of average, retail investors and their ability to do this ... well, unprecedented. Next, you have a lot of people with a lot of cash, tens, maybe hundreds of millions of potential people, in China, Korea, Japan, U.S., Europe, and so forth. That's my hypothesis as to the 'unprecedented' aspect to all of this. What other bubbles are there that were so lightning-quick, vast in geography and 24/7 operation. Tulips at least required some sort of hand waving at auctions (presumably) and some transportation at some point after 'settlement'. This is as fast as a video game connected to your bank account. |
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