View Single Post
  #20  
Old 08-20-2018, 08:57 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 30,352
Default

Quote:
Originally Posted by SetBuilder View Post
No one wants to spoil a good party. Every asset I can think of has gone up at least 5-fold since 2010. I remember just a couple of years ago buying Apple shares at $90, and now it's at $215. Over a trillion dollar market cap already. Facebook from $50 a share to over $180 in less than 3 years. Bitcoin. Real Estate. Coins. Cards. Everything.

Some wisdom and a little knowledge of history can be very sobering at times.
Bitcoin has come partway back to earth. You're right, but you could have put together a sky is falling scenario in 2010 too. Or any year after that. How many people thought it was insane when AMZN hit 500? How many people were convinced that the market's recovery following early 2009 was just a dead cat bounce? How many people thought Bitcoin made no sense at 1000?
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/

He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.

Last edited by Peter_Spaeth; 08-20-2018 at 08:59 PM.
Reply With Quote