My MBA prof said crypto is like dot-com bubble. And I heavily invested my dad's money in Link. Am I fucked biz?
Is he right?
yes and no
crypto is not like stocks
but yes it goes into bubbles just the same
too much to hand wave. wtf is "crypto"? i wouldn't compare dgb or stox to eth or xmr. just like there were retard tier scam websites and businesses that went nowhere but look at the interwebs now.
Why did you pick LINK?
No, you’re not fucked. You are buying the google of crypto before it became google. Just be patient
He's wrong. But you're still fucked.
We haven't even ballooned yet. Crypto won't be in a proper bubble phase until after institutional investors are balls deep and then all the normies including boomers.
You're looking at maybe even north of 140 trillion in total crypto marketcap before this baby bursts, and it inflate stage of this balloon is taking off late 2018 or early 2019 once proper crypto custody solutions are available from credible parties (for exchanges).
kids say the darndest things these days
how insightful.
bubbles are like bubbles....
He even went on Facebook and made a post about it. He is FUDing to MBA grads of every Bschool he visits.