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DinahMoeHum

(22,622 posts)
2. Read up on a classic. . .
Fri May 14, 2021, 03:31 PM
May 2021

Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds

Because this current stuff with cryptocurrency and "NFTs" and "SPACs" is what is known as a mania.
It's also known as a bubble.

Warren Buffett on cryptos: "rat poison squared"

Charlie Munger on cryptos: "trading turds"

https://www.forbes.com/sites/joewalsh/2021/05/01/warren-buffetts-deputy-calls-bitcoin-disgusting-and-bad-for-civilization/?sh=4b057eabf056

https://www.cnbc.com/2018/05/07/berkshires-charlie-munger-bitcoin-is-worthless-artificial-gold.html

Recommendations

0 members have recommended this reply (displayed in chronological order):

Any crypto traders around [View all] intrepidity May 2021 OP
You may want to look at history. multigraincracker May 2021 #1
Crypto is where you hide QE bucolic_frolic May 2021 #5
Read up on a classic. . . DinahMoeHum May 2021 #2
Rather than cheer on the hype or trash crypto, I'll try to give a realist's view and advice kysrsoze May 2021 #3
Not my gig... flotsam May 2021 #4
Thanks so much intrepidity May 2021 #6
I wish I had seen your post when I first started. It would have made FlyingPiggy May 2021 #8
I use Robinhood, crypto, coinbase, and Binance. FlyingPiggy May 2021 #7
I know, crazy times intrepidity May 2021 #9
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