Quote:
Originally Posted by sportscardpete
The difference between tech stocks in 2000 and 2020 is that in 2020 they actually have legitimate businesses that generate cash (generalizing here, talking about the group in general) and are benefitting from a secular move to online that has increased further due to covid.
I think a lot of the new collectors/investors in the market are here to stay; social media has made this a very, very different hobby.
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My point was missed in that they have similar price momentum in that both have exhibited behavior of Veblen goods - demand increases as price rises. Buyers live higher and sellers live lower.
As an asset class totally different - explaining such is low hanging fruit.