It's pretty simple: The final stage of an asset bubble is when the experienced insiders realize that the only hope of escaping with the current paper value of their stuff is to sell it to the greatest fool, the inexperienced outsider who piles into a market bubble at the end. "The Rockefellers have sold Rockefeller Center three times in the last century, and each time have bought it back at a lower price." The Bitcoin ATM is all the evidence you need that you don't want to own the things.
(no subject)
Date: 2014-02-25 03:47 pm (UTC)