2026-01-07 11:20:59

Goldman Sachs breaks down why the current market environment won't replay the 1920s crash or the 1987 Black Monday scenario. The comparison: back then, valuations spiraled without fundamental support, while today's market dynamics operate differently. Sure, historical patterns grab headlines, but the structural differences in how capital flows, information spreads, and markets function now create a completely different playbook. This doesn't mean smooth sailing ahead—it just means investors drawing direct parallels might be missing the actual risks that matter. Worth thinking through if you're positioning portfolios across traditional and digital assets.

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RebaseVictim

· 01-09 12:28

NGL, Goldman Sachs' rhetoric sounds pretty comfortable, but every time they say "this time is different," the market loves to slap them in the face.

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BottomMisser

· 01-07 14:37

Oops, here comes "this time it's different" again? Goldman Sachs sounds convincing, but I still think these words are just encouraging people to enter the market. History never repeats exactly but it rhymes, and just because the way capital flows has changed doesn't mean human nature has changed. Faster information dissemination actually inflates bubbles more fiercely. Can you honestly say today's valuation logic is sound? What's the positioning? Anyway, I'm already on the mountain top on guard haha. 2008, 2020, 2022... the reasoning sounds correct, but in the end, they still fall. Digital assets are even more vulnerable to being harvested. Let's wait and see, until the next "different" story is told.

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RunWithRugs

· 01-07 11:51

Just want to say that GS's analysis this time is a bit storytelling here; different structures ≠ risk disappearance. Fast information flow actually makes it easier to be cut off. Do they really think retail investors can't see through it?

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PessimisticOracle

· 01-07 11:41

History tends to repeat itself, but does more people believe in Goldman Sachs' way of saying... Are there many who trust it? Different structures are one thing, but risks will still come knocking.

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NotSatoshi

· 01-07 11:28

This set of statements sounds good, but can Goldman Sachs really predict this time? They said the same thing last time.

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ReverseFOMOguy

· 01-07 11:27

Haha, Goldman Sachs' rhetoric sounds like they're endorsing the prosperity before the crash. History never repeats itself, but it often rhymes, brother.

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SlowLearnerWang

· 01-07 11:27

Here we go again with this explanation... Every time they say "this time is different," and what happens? Anyway, I’m always a step behind; I’ll understand when the crash happens and I read this article again.

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RadioShackKnight

· 01-07 11:25

I just love to see this kind of argument that "history doesn't repeat itself," but I can't help feeling like I'm constantly being slapped in the face.

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