Market Bubbles and Recovering from a Crash
So what did we learn from the recent Cryptocurrency market bubble? Nothing – in short. Nothing we did not already know… The first thing to understand is that cryptocurrency is not the first bubble market and won’t be the last. History repeats itself. As long as there are market participants engaging in the free trade […]
Why Cryptocurrency will never work…
When the price of something goes up and up, not because of its intrinsic value, but because people who buy it merely do so with the expectation to be able to sell it again at a profit – what is known as The Greater Fool Theory[1] – that is to say its price is solely determined by […]
Sharemarket wiped out $50 Billion – Where to Now?
“The Australian share market has wiped out $50 billion worth of gains it made in the past two months “ 1 The benchmark ASX 200 has fallen 2.6 per cent to 6,427 points by 2:00pm (AEST), with nine out of every 10 stocks in the red” 1 The recent decline in the domestic stocks is part of […]