Last year, I bought an Nvidia GPU for self-hosting AI tools. I'm not a gamer, and I would've never bought this thing if it weren't for AI. I simply don't want to rely on big tech for tools that I would share my personal information with. After spinning up some
  • squaresinger@lemmy.worldEnglish
    5·
    7 hours ago

    LOOOOLOLOL. I think there are some initial investors who, in the beginning, legitimately thought it would be a good deal. At this point, the investments are driven by hype, and investors know they are, but they’re gambling that they can ride it to the top without being caught holding the bag. That’s why it will collapse violently. Because the moment it starts going down, everyone is going to dump it.

    This is it. Bubbles happen BECAUSE investors know what they are doing. They ride the bubble hard, hoping to get out just before it pops. The later you jump, the more you gain. Unless you jump too late.

    All this, including the popping of the bubble, is done on purpose.

    High-level capitalism is certainly the place where you should never mistake mallice with incompetence.