on point. anything will be better than cash, my first house i paid 16k for it. now the side walk would be 16k, all do to the printing machine.
150k bitcoin predicted by lee,,..1 billion by others!!
- Thread starter S2007S
- Start date
on point. anything will be better than cash, my first house i paid 16k for it. now the side walk would be 16k, all do to the printing machine.
To be fair, you can't just keep re-using the same datapoint you heard of 'pets.com'. You seem to also ignore the new tech-bluechips that were super cheap during the same period.
Audible and eBay did pretty good.
And no one even wanted to buy PayPal after the bust...
And hard to believe now, but people were passing over on Netflix for peanuts. Not just BlockBuster. Doh!
I distinctly remember Amazon trading at around $6 in 2001. Then it magically traded above $3,000 just 20 years later at the height of the pandemic. What happened since? Back in 2001, they were mostly selling books. Then they branched out and started selling like Walmart and Costco (membership-based), wrapped up in one. Then they copied eBay (P2P). Then they copied Google (tech leader) and started AWS. And probably many more that I'm not aware of.And no one even wanted to buy PayPal after the bust...
As you can see, AMZN has a long track record the investors can use to value its stock performance. But what metric can you use for BTC, other than mere demand and supply of the currency itself (if you can even call it a currency)?
No. Pets.com was just one example of a ridiculous phenomena where people were throwing ".com" at the end of something and idiots who had no idea what they were buying threw money at it.
People just got caught up in a speculative mania. FOMO.
Of course there were companies that survived and thrived but they were real businesses. They had plans that actually made some sense and took steps to implement them.
It's too late for ET nocoiners to frontrun wall street
A nocoiner who does not understand bitcoin and its many features should just ignore it
or trade the volatility and don't even bother trying to discuss
So far, over 900 public companies have been buying bitcoins through the etf's, things are about to get fucking wild in the next 2 years
A nocoiner who does not understand bitcoin and its many features should just ignore it
or trade the volatility and don't even bother trying to discuss
So far, over 900 public companies have been buying bitcoins through the etf's, things are about to get fucking wild in the next 2 years
What is really funny is the fact that you think people are buying BTC just for hedging inflation, it's a good investment with or without the inflation, and that is why people will keep buying and buying, and as long as it stays that way regardless of your view of it, it will just keep rising. Times are changing either get on and buy the future, or stay behind on Gold and USD.
Bearish on it at 10k,20k,30k,40k,50k,60k.Still think they might be right one day.
Broken clock energy.
It's quite possible gold will revert to being the old silver...
But BRICs is really keeping it elevated for now.
But BRICs is really keeping it elevated for now.
What did I get wrong?
This is just about the worst possible way to rationalize buying something.
Sure those sub-prime CDS look a little risky, but hundreds of companies are buying them!
Sure that dot com business has no real business plan nor significant operations but hundreds of companies are buying them!
Sure Japanese stocks are a bit pricey but hundreds of companies are buying them!
If you read about the history of markets, you find that the market gets things wrong in a spectacular way with enough frequency that one must always do some basic research on the fundamentals of what you're buying.
What I'm trying to say is that there's no more point of being right or wrong on ET because bitcoin is literally part of the stock market via bitcoin spot etf's
All the fundamentals prior to the etf's were for ET to buy bitcoins ahead of the wall street investors, front run the likes of Susquehanna and Millenium Management Fund and Hightower and Wisconsin Pension fund or the joe six packs and mary jane investors
I started posting on here since 2017 when the price of bitcoin was $1k, before the CME futures, when hardly any market acceptance of bitcoin, CNBC had no bitcoin ticker
Over 7 years of discussion on ET with nocoiners, and bitcoin is over 60k and still the same stale arguments from nocoiners while bitcoin has so much adoption
There's no more point to discuss the fundamentals on ET. Anyone who still believes bitcoin is a ponzi, tulip, bubble, scam, air coins, worthless, can simply short IBIT as much as they wish
Well of course, you think they have the dumbest people at Susquehanna and Millenium Management Fund the 2 biggest buyers of bitcoin spot etf's
The rational is perhaps a little humility on the nocoiners to understand why the likes of those 2 firms put up billions, rather than insult their intelligence because being an anonymous poster on ET requires a lot higher IQ