I agree, never said otherwise. It is a product.
Also I never said bankrupt, I said price falling... Pay attention.
Random Bitcoin thoughts
- Thread starter IOTArrr
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I agree, never said otherwise. It is a product.
Also I never said bankrupt, I said price falling... Pay attention.
I agree, never said otherwise. It is a product.
Also I never said bankrupt, I said price falling... Pay attention.
Um - you didn't?
Methinks reading comprehension is failing you.
For fuck's sake, that sentence was referring to Tesla. No wonder Hoi liked your post and that is the reason he is on my Ignore...
The TSLA analogy was said at one time about Amazon. Sales/Revenues growing bigger but so are the losses. They don't make a dime. "The end is near". Year after year. Until .... it no longer is the case.
Will TSLA survive? Will Bitcoin survive? I'm not as smart as all those who "know" the future before the future arrives.
Will TSLA survive? Will Bitcoin survive? I'm not as smart as all those who "know" the future before the future arrives.
Personally I think AMZN is also over priced but there are more arguments to that than in the case of Tesla. AMZN eventually started to make profits, they just decided to reinvest it. Also using their approach they became the biggest online retailer, killing the competition while doing that. That isn't the case of Tesla. Amazon doesn't ask for new investment money in every 6 months either.
If Tesla doesn't get new funding soon, they have to close shop. Let's face it, Tesla is a niche EV maker whose "success" actually encouraged competition.
Add to that, the competition couldn't keep up with Amazon. Daily driver electrics are out now by a few competitors, and actual performance car guys are going to be burning dinosaurs anyway.
Even then, it will take some serious effort to evaporate that market cap.