Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I think the quote "the stock market can remain irrational longer than you can remain solvent" can be very much applied to cryptocurrency as well.


With a corollary, "the stock market can remain irrational long enough for you to profit from something valueless".

It's of course risky, but cruptocurrencies can be a perfectly valid source of money, as long as you just risk spare money. You don't need to trust it to be a valid investment, you just need to trust that enough people will believe it is.


>You don't need to trust it to be a valid investment, you just need to trust that enough people will believe it is.

This is called the greater fool theory.

https://en.wikipedia.org/wiki/Greater_fool_theory




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: