[brookst]

You’re on to something there. Finance is all about trends, and when to follow them versus when to bet against them.

But crypto in particular seems subject to wild extremes of irrationality. It attracts people willing to to ignore fundamentals and move serious money based on faith and intuition.

[JackFr]

Finance is really about allocating capital to productive uses.

Crypto sits on the border of greater-fool investing and Ponzi schemes.

[brookst]

More or less agreed, though crypto also borders gold rush investing, which sometimes pans out. Usually not. But sometimes.