Talking Stocks 2.0

[Uggi]

Originally Posted by superdog

I’m not fearful of it’s lack of backing. I think that’s one of the big selling points.

I’m more fearful in that if I lose my password, my money goes bye bye. Or if a hacker gets at it. Or it can simply be wiped out like just happen during that thing with the virtual real estate.

The idea of owning virtual “property” such as art or real estate is foreign to me, and I believe signified the beginning of the end. It signified that there simply was too much money out there and folks were literally inventing things to spend money on.

That’s why we are here now. At the beginning of a great big bear. Too much money gone rampant in all markets. Real estate, financial, crypto, luxury, etc.

Strongly agree with this. Include Rolex watches and sports cars in there too. Too much printed money, backed by nothing, so folk have had to invent “value” where it doesn’t exist to justify a use for all that money.
Crazy times.