@mmatisse Good comment; as a recent adoptee of crypto (and its 24/7 trading cycle), I have found myself unsavorily consumed by the hourly ebb and flow of digital lucre. And I feel a bit dispirited; not so much for the gains or losses, just the crass venality of it all. Life was simpler when I had my big happy bag of Lineage (at around 1$), whose price I would casually consult every week or so... This crypto thing is a bit much. Too all-consuming... sure there is money to be made and no faulting anyone’s desire (including mine) to do so. But your comment hits home. I have a creeping sense of self-loathing as I check my Coinbase account between patients and throwing baseball with my son. Thinking about selling it all and dumping more into Lineage...
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@retinachris Be careful “An asset bubble occurs when the price of a financial asset or commodity rises to levels that are well above either historical norms, the asset's intrinsic value, or both. The problem is that since the intrinsic value of an asset can have a very wide range, a bubble is often justified by the flawed assumption that an asset's intrinsic value has skyrocketed, meaning the asset is worth much more than it fundamentally is.” “The Tulipmania was a boom in the tulip trade in Holland and Utrecht that started around 1634 and came to an abrupt end in early February 1637. The phenomenon is also called tulip frenzy, tulip madness, bulb madness, foolish tulip trade and bulb frenzy. In the Dutch Golden Age, the prices of the newly introduced tulip bulbs reached extreme heights. “ investopedia.com/terms/d/du... I wanted to write a longer answer this morning ... but it was going to be too long a story :-) ... I'll write it later