Message:

<p>[QUOTE=&quot;Troodon, post: 1636206, member: 4626&quot;]Investing in something you don&#039;t understand will always bite you in the butt eventually.&nbsp; If you don&#039;t understand why something&#039;s going to go up, you can&#039;t count on it always going up.&nbsp; The bubble&#039;s going to burst eventually.</p><p><br /></p><p>The &quot;why&quot; matters.&nbsp; If you can&#039;t answer the &quot;why&quot; stay away.&nbsp; Warren Buffett didn&#039;t get rich by investing in things he didn&#039;t understand.&nbsp; That&#039;s how he stayed rich when tons of investors lost their shirts when investments they assumed would go up forever suddenly dropped in the toilet.</p><p><br /></p><p>I can tell you why they skyrocket.&nbsp; It&#039;s because people want them because they assume they&#039;ll go up even more because of how rare they are.&nbsp; That will only be true for so long because eventually the buyers run out.&nbsp; Very few of these buyers are buying them because they see them as inherently desirable beyond what they&#039;ll be worth some day.&nbsp; If they thought it was inherently desirable they would have bought them when they first came out, which they didn&#039;t, that&#039;s why it&#039;s rare in the first place.&nbsp; That&#039;s just not a formula for it holding high value in the long run.&nbsp; Eventually the fad for it will die.&nbsp; You can try to make money playing musical chairs, but the music has to stop some time.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in