Crypto and Cannabis Are the Perfect Post-Crisis Bubbles

[traianos1]

The economist John Maynard Keynes wrote: “The game of professional investment is intolerably boring and over-exacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll.”

Ever since the crisis, the message to investors has been to embrace the “intolerably boring” style: Index. Rebalance. Diversify. Rebalance again. Reduce your fees. And don’t be so foolish as to think that you, sitting at home, could ever hope to win by picking individual stocks. Investors who have internalized this message have done phenomenally well in the post-crisis years, amid a long and steady—even dull—bull market.

But the gambling instinct can be repressed for only so long. And lately we’ve seen the emergence of strange new bubbles And, yes, I’m talking about crypto and cannabis. The wild trading in shares of Canadian marijuana company Tylray Inc in September—in which its market value briefly exceeded that of American Airline Group—felt a lot like last year’s Bitcoin frenzy. Despite their different paths, the crypto and cannabis bubbles are unmistakable siblings.

Spend a few minutes on Reddit pages devoted to Bitcoin, cannabis, or trading, and you can see the overlap and similarities of the communities. According to TD Ameritrade Inc., trading in pot stocks is overwhelmingly done by millennian-aged males. The stats for crypto look the same.

[Daisha24]

Someone said that you can hear the static in the air, and that’s very true. It sounds like what salt and pepper on the tv looks like. Otherwise, great strain. I’m not paranoid at all just tired and relaxed. Also listening to ASMR while smoking this is a great way to feel so relaxed that you’re falling through the ground https://nobullshitseeds.com

[ACheair]

Is this some kind of bait ? I dunno, but for me crypto and cannabis are perfect-match, especially with current regulations approaching for both markets. People will always search for the simplest way to do something, and regulations made in US and Europe are sometimes taking the air from the companies which are trying to survive in the face of capitalism. That's why i support BitCanna project and it's great that they are finally listed on CoinDeal exchange (via: https://coindeal.com/news/bitcanna-listing)