I’m thinking I’m basically learning that same lesson the hard way. The scams are easy to sniff out. The parties involved are projects, investors, computer algorithms, and the current surge is fueled by increased attention on btc.
Stocks appear to have expected gains priced in (much more so) hedge funds, trillion dollar investors, politics, boomer sentiments, and almost what seems like a denial of what is coming. Perfect example is Macy’s was having a good day today. A big fucking mall-based brick and mortar store catering to middle and upper class boomers. Sure I enjoy their parade and remember walking around the stores 25 years ago, but fuck man...they can go digital, but Amazon and others will make it hard. I’m not all opposed to physical stores, just some don’t seem practical.