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I thought that $10 billion valuation of Facebook in 2010 was crazy and sold of my Bitcoins around 2011-2012 because of similar sentiments. And since around the same time I've been reading stories about how tech is in a bubble on front page of HN.


Notice that all these bubble posts never make the following claim:

“The price of X index fund/asset/real estate will be lower at future date Y than today”.




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