Good post. I also think we are in the early stages of a crypto mania. I made some money in the early 2000s tech mania by selling 20% of my shares in a pre-IPO stock at 10 times purchase price. Intended to sell the rest of my sweat equity post IPO, but it did not happen as we did not float in time. It was clearly a mania and I was keen to get out. Most investors held on and lost all. Most people can't see a bubble when they are in one because they don't study market history.
RE: Boom, Bubble, Bust, lessons from the Dot Com boom.
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Boom, Bubble, Bust, lessons from the Dot Com boom.
Its hard to see a bubble when you are in it. :) ... the key is to have a strategy to cope.
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