Comment by whizzter
I've said it before and I'll say it again.. if I was able to know the time it takes for bubbles to pop I would've shorted many of the players long ago.
I've said it before and I'll say it again.. if I was able to know the time it takes for bubbles to pop I would've shorted many of the players long ago.
People find all kinds of things to worry about if it gives them something to do, I guess.
In the same way that my elderly grandmother binge watches CNN to have something to worry about.
But the commenter I responded to DID care about the stock market, despite your attempt to grandstand.
And my point was, and still is, if you really believe it’s a bubble and you don’t actually have a short position, then you don’t actually believe it’s a bubble deep down.
Talk is cheap - let’s see your positions.
It would be like saying “I’ve got this great idea for a company, I’m sure it would do really well, but I don’t believe it enough to actually start a company.”
Ok, then what does that actually say about your belief in your idea?
Then no, you haven’t identified a bubble.
You’ve just said, “I think something will go down at some point.” Which… like… sure, but in a pointlessly trivial way? Even a broken clock is right eventually?
That’s not “identifying a bubble” that’s boring dinner small talk. “Wow, this Bitcoin thing is such a bubble huh!” “Yeah, sure is crazy!”
And even more so, if you’re long into something you call a bubble, that by definition says either you don’t think it’s that much of a bubble, huh? Or you’re a goon for betting on something you believe is all hot air?
Eh, this seems like a cop out.
It’s so easy for people to shout bubble on the internet without actually putting their own money on the line. Talk is cheap - it doesn’t matter how many times you say it, I think you don’t have conviction if you’re not willing to put your own skin in the game. (Which is fine, you don’t have to put your money on the line. But it just annoys me when everyone cries “bubble” from the sidelines without actually getting in the ring.)
After all, “a bubble is just a bull market you don’t have a position in.”