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by blackysky 5142 days ago
Ok I know the word bubble is overuse but I think we are in a bubble. I know the market choose « the right price » for any project. We have seen this movie before:The housing market. Money was “easy” to get for almost anyone without checking those fundamentals. The main idea was simple prices cannot go down. Now back here, the idea is simple someone somewhere is going to pay $400M or more in a near future.... what's the plan B put ads again? Paid questions?

I'm just trying to understand how people can come up with valuations like that …. I just don't get it ...

2 comments

we will really be in a bubble when:

1. your parents or granparents call you to ask how they can invest in this Quora round

2. the mainstream media say we are not in a bubble

I think it has to do with probabilities - many small loses and one big win (Facebook) - and you have a profit
But many small losses and zero big wins...