Bloomberg Foresees Bitcoin Rallying to $400K This Year

Question: why are all of you concerned what @johnarb is doing with his portfolio? If he wants to YOLO it's his money. Are you all genuinely concerned or just jealous your net worth isn't >2M?

And @NoahA I would suggest you don't apply traditional asset volatility to crypto. Very few traditional assets can run multiples in under 12 months and still have room to the upside(excluding TSLA).
 
longshort said:
Even without dividends, shareholders own the company and its assets, including the inventory, real estate, etc. If the company were to be sold or taken private for example, shareholders are to be paid out. Actual value exists in the real world and that value has increased tremendously in Amazon's case.
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Do you really own the shares of the company when you buy from your broker? Or are they just IOU's and the actual owner of those Deere shares is the DTCC or some other entities?

Or how about them bonds? Do you own them?
 
Bitcoin usually does the opposite of what people expect. When the previous peaks popped, and bitcoin wasn't mentioned in main stream media is when the price started to rally. Now, it feels like the opposite. Bloomberg posting opinion pieces that bitcoin should be 400k? My money is that bitcoin is going back down before 2021 is over.
 
deepfkvalue said:
Bitcoin usually does the opposite of what people expect. When the previous peaks popped, and bitcoin wasn't mentioned in main stream media is when the price started to rally. Now, it feels like the opposite. Bloomberg posting opinion pieces that bitcoin should be 400k? My money is that bitcoin is going back down before 2021 is over.
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Yup, just like gold bulls, the more bullish the more disappointments, as well bitcoin will begin the behave like fx imo, difficult to trade and manipulated.
Mind you, the whole ponzi mkt is manipulated :)
 
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