at the end when this fad is imploded, then I think the FED would have to step in to bail the real money out because the bitcoin infrastructure grew so big (a lot of real money "invested" in it).
Coinbase is unlike any market debut Wall Street has ever seen
- Thread starter johnarb
- Start date
I actually read exactly this as a possible reason why they are stuck not being able to do anything about it. Its considered too big to fail now.
Damn. Almost supports that theory about IQ differences between ethnics.
Ofc we should compare individuals from the same income levels.
Or it's more like a , - fascinating lottery to em, where ,,everybody wins", until music stops.
Last edited:
Actually looked it up and we're both wrong.
IPO day valuations:
FB was $18 billion in 2012
BABA was $27 billion in 2014
then Saudi Aramco in 2019 at $29.4 billion surpassed them and 8 others in between.
And anyway today there will be a new top dog.
clearly shows how ridiculous this whole thing is.
Another liquidiy generating stock on the market with ghost underlying value.
What is the company "producing"? Their business model is easy to copy.
In short tie central banks will launch their own digital currency - making BitCoin & Co looking like pale rookies.
Playing that thing long and short until its back where it belongs - $1.00 stock....
What is the company "producing"? Their business model is easy to copy.
In short tie central banks will launch their own digital currency - making BitCoin & Co looking like pale rookies.
Playing that thing long and short until its back where it belongs - $1.00 stock....
Perhaps. For how many generations would you intend to hold your Bitcoins? Right now it's at 64k USD and it was at 50k USD just a month ago. Getting ready to sell at 100k. Nice profit really.
And I truly don't care about a future with or without crypto.
LOL right. Apple is easy to copy. Apple just makes phones right?
Your IQ is 10 standard deviations below average.