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A comment on Bitcoin biggest bubble in history, says economist who predicted 2008 crash. Parent comment

Re:Bitcoin biggest bubble in history, says economist who pre... by jon_richards on Saturday February 03, 2018 @01:54PM (#16298934)
The market can stay irrational longer than you can stay solvent.

You can know that bitcoin is doomed to fail, but that doesn't help you if there's a temporary price spike and you get a margin call.

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Re:Bitcoin biggest bubble in history, says economist who pre... by icebraining on Saturday February 03, 2018 @02:00PM (#16298961)
On the other hand, everything is doomed to fail eventually, so that's no prediction at all.
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Re:Bitcoin biggest bubble in history, says economist who pre... by jfolkins on Saturday February 03, 2018 @04:53PM (#16299891)
Concise rebuttal to a statement that has bugged me for a long time. Thanks.
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