How I Used Eve Online to Predict the Great Recession (2013)

Re:How I Used Eve Online to Predict the Great Recession (2013) by JimboOmega on Monday February 26, 2018 @08:27PM (#16470455)

Sort of similar here. A coworker said I should buy real-estate - any amount, any way I possibly could. It has to go up 20% a year, he told me.

There's just something when random people who have no particular interest in investing suddenly are preaching an investment that smells like a bubble - and one close to bursting. It still took a couple of years from there, though.

Maybe it's because the pyramid has nowhere else to go from there.

And of course me pointing to previous real estate downturns was dismissed - it was still viewed as fundamentally impossible for real estate to lose value.

[ Parent | on HN ]

Re:How I Used Eve Online to Predict the Great Recession (2013) by taneq on Monday February 26, 2018 @09:13PM (#16470630)

Wise men do at the beginning what fools do at the end? Combine that with Sturgeon's law and if more than, say, 20% of people are doing something, it's a fad at best or a bubble at worst.

[ Parent | on HN ]

Re:How I Used Eve Online to Predict the Great Recession (2013) by deevolution on Tuesday February 27, 2018 @08:43AM (#16473229)

Everything goes in cycles. Bitcoin bubble already burst, now time for the next cycle.

[ Parent | on HN ]

Re:How I Used Eve Online to Predict the Great Recession (2013) by tinytim69 on Tuesday February 27, 2018 @12:52AM (#16471360)

Enter Bitcoin.

[ Parent | on HN ]