[egri]

I’m not invested in crypto; it’s something I don’t understand, and I don’t like investing in things I don’t understand. If other people are making money in it, great for them. I think part of this hysteria in the markets is a lot of the folks who have gotten in in the past year were still in school/not heavily invested in 2008, and are too young to remember the dot-com bubble. The only economic calamity they’ve experienced was last spring, and the markets recovered historically quickly. Other than that, their experience was in bull markets, which has lead to unrealistic expectations of how easy it is to make money. It reminds me of the saying ‘when a man with money meets a man with experience, the man with experience gets money, and the man with money gets experience’.