And that’s why I’m not putting money in whatever part of the stock market is ‘trendy’ at the time.
Besides, at least those crashes are separated by, at the very least, a decade or two, as opposed to BitCoin economics, which seems to have a boom followed by a giant crash at least once a year.
Believe me, I’ll admit the current system screws up quite a lot (honestly I’m a democratic socialist, I’d like to do away with money all-together if it’s possible, or at least make sure everyone gets enough to survive irrespective of employment.), but pretending BitCoin or any of its spin-offs that change the name but not the fundamental rules of the game would be an improvement over the current situation is deluding yourself.