Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
This is second big scam in 21st century. First were collateralized debt obligations. Both were real financial instruments like oil or gold or coffee while markets they represented were able to deliver returns similar to ones offered by derivatives based upon them.
Then things diverged and instruments moved from real phase into bubble phase. Then came the burst. And things diverged for cryptos already - if you study the math of profit making in crypto business you will see that there are no big profits left in this business, returns are very, very slim. But cryptos don't want to notice that.
Stay away from it. You can play Russian roulette but there is always a bullet that can make a hole a your skull sooner or later. And you never know when.
Tulips, East India Company, silver, oil, copper, dot.com, CDOs, BTs - all of them were/are real but all of them were/are bubbles too.
P.S. Jamie Dimon is damn rght.