From Marketwatch: Bitcoin & Baseball Cards

BigAppleJak · Oct 2, 2017

One of the rare occasions that things in my life overlap....

http://www.marketwatch.com/story/before-you-invest-in-cryptocurrencies-recall-the-bubble-in-baseball-cards-in-the-1990s-2017-10-02

banjar · Oct 2, 2017

A good friend of mine has made real money in cyber currencies in the past few years, so it's not necessarily a bad investment (even now). But it's definitely a bubble and I like the comparison with the card market of 25 years ago.

The way I see it, things start to go south when these things get popularized enough that the johnny-come-latelies start flooding in, expecting to make a quick buck for nothing. Then the bubble really starts to grow, and gets overextended and over leveraged, and then *pop*.

Reminds me of my 14 year old self in 1989, thinking that if I kept that binder full of 1989 Donruss Tom Gordon rookies long enough, I'd surely cash in

. Lots of people made good money in those days, but I sure as hell wasn't smart enough, or shrewd enough. And I'm probably still not, which is why I keep funneling $ into the black hole known as my player collection...

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From Marketwatch: Bitcoin & Baseball Cards

BigAppleJak

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banjar

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