Ray Dalio Says He ‘Might Be Missing Something’ About Bitcoin

Daal said:
Dalio is like a guy going around in San Francisco in 2014 saying "this Uber thing is ridiculous, almost nobody uses it"
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"Uber reported an operating loss of $3 billion in 2018 after losing more than $4 billion the prior year. (The company recorded a net profit last year because of $5 billion worth of one-time gains, mostly from selling its Russian and Southeast Asian businesses.)Apr 27, 2019"

Stock price going up =/= it is a sound business

Until 2 weeks ago Uber's price had been below its IPO.
 
Pekelo said:
"Uber reported an operating loss of $3 billion in 2018 after losing more than $4 billion the prior year. (The company recorded a net profit last year because of $5 billion worth of one-time gains, mostly from selling its Russian and Southeast Asian businesses.)Apr 27, 2019"

Stock price going up =/= it is a sound business

Until 2 weeks ago Uber's price had been below its IPO.
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So? It was the same thing with Facebook before they started to make a killing. By the time you find your reasons to buy things by looking at the financials, its too late. Markets are forward looking
 
AbbotAle said:
Always remember this with Tether, few buyers of Bitcoin know what Tether is and do not care.

Now, let's assume Tether implodes in 101 lawsuits with every Land of the Free Agency trying to un-free it.

What will happen to Bitcoin?

Will it implode? Nope.

Will that 'finally' be the end of the Bitcoin 'ponzi'? Nope.

Will Bitcoin go down in value? Probably. And by how much, could be as much as 20% (maybe more, who knows) but then it will recover at some stage in the future and Tether will be just a footnote in its history.

Now here's the interesting question -

Would proper Bitcoin holders, those who have taken the months if not years to understand Bitcoin, WELCOME a Tether implosion? YES!

Reason, it will yet another test for Bitcoin which it will surely pass (with some likely short term price damage).

Every and any test of Bitcoin is to be welcomed and even demanded because something as revolutionary as Bitcoin SHOULD be tested from every damn angle.

See, the tests and passing of the tests all make Bitcoin that little bit stronger...

PS. And if Bitcoin can't survive a Tether implosion then Bitcoin itself doesn't really deserve to survive.
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Very well said !!!!! And not just Tether but every other fake stable coin, because if tether is removed, some new shit is created, it is business as usual.
 
Daal said:
So? It was the same thing with Facebook before they started to make a killing. By the time you find your reasons to buy things by looking at the financials, its too late. Markets are forward looking
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Except FB has a successful business model, Uber doesn't. FB eventually had no competition. Entering the rideshare business also isn't that hard.
 
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