Post
Topic
Board Speculation
Re: Don't rely on Venture capital money - these guys don't know what they're doing
by
oda.krell
on 21/01/2015, 17:23:27 UTC
@NotLambchop

Why do you think I posted a NASDAQ graph? Just now, we're almost back to the peak level (+/- a few percent).

Sure, if you put all your kid's college money into stocks of pets.com, your investment failed.

Or if you bought some index following fund at peak valuation, then sold a year later.


The point is, tech is doing fine. NASDAQ is doing fine.

Sure, I get it, you think Bitcoin is pets.com. Can't prove to you that you're wrong. Just don't bring up the "dotcom craze" as a whole as an argument against crypto: there was sharp correction, but the industry as a whole went on to change the world.

Who cares that pets.com went down when there is Google, Facebook, Apple and Microsoft running the show now?