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by CaptainZapp 2917 days ago
I could be wrong and certainly was wrong before, but I believe that what we're seeing here is the biggest game of musical chairs, ever.

There will be a lot of hurt when the music stops, represented by not finding anymore "investors" to fuel the hype.

In other words: I think you're spot-on!

1 comments

> but I believe that what we're seeing here is the biggest game of musical chairs, ever.

Nothing like it; the amount of money invested isn't huge. It's nowhere near as scary as the various national mortgage bubbles in the noughties. When it collapses, damage will be limited.

On reconsideration you definitely have a point here.

I still believe there will be a lot of hurt for a lot of people. As I saud I may be wrong and virtually slap myself for not having jumped into the fray, when it was "only" 6000$.

(small edit: Typos [damn mobile screens])

Oh, sure, it’ll hurt a lot of people who gambled on it. It already has. But it’s not a systemic risk.