Interesting. So it may be your view of this constituting an extreme level of greed that drives your sentiment in this case. That makes more sense to me, though we clearly differ in our assessment of "extreme" and "greed".

Out of curiosity, would you then apply the same logic to people investing in SPAC's, growth stocks at extreme valuation levels, triple leveraged ETF's, doubling down on NKLA when their trucks are shown to roll down hills, etc.? Or is it strictly confined to crypto? To me, these are all different manifestations of the same thing -- a decade of easy money, enabled by flawed monetary policy. An investor in my view can still be rational (not greedy) while still taking interest in such opportunities.

Also, what if this were only 5% of my portfolio (I'm not disclosing the actual %'age, but consider the 5% for argument's sake), would you still consider it an extreme level of greed?

I have my own views of what constitutes extreme greed, but that tends to have more to do with how certain individuals (in this case FTX's executives, but can also be applied obvious scams like OneCoin, and many other scenarios) illegally enrich themselves by exploiting regular people. That, to me, is true extreme greed.

Either way, I think your response is interesting and I appreciate the extra color.

> investing in SPAC's, growth stocks at extreme valuation levels, triple leveraged ETF's, doubling down on NKLA when their trucks are shown to roll down hills, etc.?

Yes. I invest in leveraged etfs. You can't compare NKLA/crypto/SPACs with UPRO for example.

> would you still consider it an extreme level of greed?

I consider the whole crypto ecosystem. I mined bitcoin for some time when it was $300 and thought it was full ponzi even then.