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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (76586)	11/22/2024 1:19:54 PM
From: S. maltophilia	1 Recommendation Recommended By Harshu Vyas Read Replies (1) \| Respond to of 78652

Yep, there is a 1999 feeling to the crypto sector. At least, when internet-related stocks were trading at 300 P/E (those that had one), they were based on something tangible - a potential product to sell and profit from. And interest rates don't matter in crypto. If you have the technological prowess to generate bitcoins, you've raised your capital. I don't know how it works in the other thousands of crypto currencies. Some of the other activity might involve actual capital, and it all comes back to dollars. I'm too old to try to understand this stuff, or care. I just hope that, when this bubble finally bursts, it does minimal damage to the real world.