Cboe Says Bitcoin ETFs to Start Trading Thursday

schizo said:
Yes, it is a bubble, so get off your moral high ground and start making money before it pops. Whatever you say, nobody's gonna listen to ya. I've learned that lesson early in my career when I shorted bunch of tech companies during the Internet ga-ga era that I thought were, for the lack of better word, trash. Needless to say, I've got reamed and lost a fortune. It was at that point that I realized that fundamentals don't matter in trading. Only price counts because everything is already factored in.

BTW most of those trashy companies went under in the aftermath of the 2000 crash. And was I feeling vindicated at last!
More...



I have bought the best of the best stocks back during the last bubbles and it was usually then the bubble burst.....

It's funny how no one wanted Facebook a year ago at 99 bucks but today at 375 they are jumping in buying as much as they possibly can hoping it can rally another 200%
 
S2007S said:
It's funny how no one wanted Facebook a year ago at 99 bucks but today at 375 they are jumping in buying as much as they possibly can hoping it can rally another 200%
More...
Because they know the meaning of velocity. Prices tend to go up at a faster clip when it's trading at 375 than at 99.
 
schizo said:
Because they know the meaning of velocity. Prices tend to go up at a faster clip when it's trading at 375 than at 99.
More...



Of course but absolutely no one and I mean no one ever talks about law of large numbers!


Facebook has around 2.5 billion outstanding shares. If people are hoping for this stock to run a other 100% in 2024 you are looking at an additional market cap of $ 1 trillion dollars.
Where in earnings can Facebook actually be at with an additional $1 trillion worth of market cap added in a single year???
 
S2007S said:
Of course but absolutely no one and I mean no one ever talks about law of large numbers!


Facebook has around 2.5 billion outstanding shares. If people are hoping for this stock to run a other 100% in 2024 you are looking at an additional market cap of $ 1 trillion dollars.
Where in earnings can Facebook actually be at with an additional $1 trillion worth of market cap added in a single year???
More...
And I thought we were talking about bubbles all this time. :rolleyes: Did you even read my previous post?

schizo said:
It was at that point that I realized that fundamentals don't matter in trading. Only price counts because everything is already factored in.
More...
 
For a decade and a half, I keep hearing this tulip mania thing by bears. So you missed out for almost a whole generation now on the best-performing asset... when are you finally going to be victorious? In the end we are all dead, who cares if it gets replaced in the year 2401?
 
The_Krakenite said:
For a decade and a half, I keep hearing this tulip mania thing by bears. So you missed out for almost a whole generation now on the best-performing asset... when are you finally going to be victorious? In the end we are all dead, who cares if it gets replaced in the year 2401?
More...

Agree! lol

I'm sure theres an effective way to cast dispersions on BTC but the tulips aint it.hahaha
 
semperfrosty said:
Agree! lol

I'm sure theres an effective way to cast dispersions on BTC but the tulips aint it.hahaha
More...

I could never wrap my head around the tulip comparison to bitcoin, as bitcoin is not a plant and it's not even a physical, it's just a bunch of numbers (large number)

The comparison to gold is because of scarce asset ,and for sure, bitcoin is going to flip gold in market cap, that's easy, it's just no one knows when it will happen. it will be within 10 years, 99% probability
 
You must log in or register to reply here.
Back
Top