For most people, this is a gambling thing. For them, its not much different than spending $100 or $500 on blackjack and slots.
Its entertainment to them. Sure, some of us are trying to do work (aka: properly price things, determine which companies deserve our money, etc. etc.), and these events are distracting...
But if its just a bubble, I don't think there's much harm in letting it run its course. Let them gamble, as long as no sharks swim by to illegally try to extract money from their fun.
Of course, if someone in particular you know has a gambling problem (and might lose their life savings), that's a different story.
Yeah, I agree with all of that - it doesn't seem like there's any huge number of people putting their life savings into it. I'm just vaguely annoyed by gambling in general and don't like when I have to hear about it all the time.
Its entertainment to them. Sure, some of us are trying to do work (aka: properly price things, determine which companies deserve our money, etc. etc.), and these events are distracting...
But if its just a bubble, I don't think there's much harm in letting it run its course. Let them gamble, as long as no sharks swim by to illegally try to extract money from their fun.
Of course, if someone in particular you know has a gambling problem (and might lose their life savings), that's a different story.