There's Square's Cash App as well. Coinbase fees are through the roof now.
Coinbase hits number 30 in the top free apps on Apple's mobile store
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Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#12Everyone is rushing to buy bitcoin at all time highs
an entire unique asset class that is worth one Tesla. seems low, no?
You're comparing a speculative mania in fictional crime-bucks to a speculative mania in a car company worth more than Facebook while simultaneously selling just 4% as many cars as Toyota. Tesla's price to earnings ratio is 1500 meaning it would take until the year 3521 for it to earn back its market cap.
The fact you're even making this assessment tells me this isn't going to end well for anyone.
Heed my warning: The bubble pops when the last bear dies.
Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#13This feels so much like the modern day equivalent of the shoeshine boy giving stock tips in the 1920s.
Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#14Everyone is rushing to buy bitcoin at all time highs
US is also creating dollars at all time highs. As money supply increases, asset prices inflate
Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#15Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#16Everyone is rushing to buy bitcoin at all time highs
The stock market has been at "all time highs" for most of its existence. Doesn't mean it is a bad time to invest.
Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#17Earlier quoted context omitted.
an entire unique asset class that is worth one Tesla. seems low, no?
You're comparing a speculative mania in fictional crime-bucks to a speculative mania in a car company worth more than Facebook while simultaneously selling just 4% as many cars as Toyota. Tesla's price to earnings ratio is 1500 meaning it would take until the year 3521 for it to earn back its market cap. The fact you're even making this assessment tells me this isn't going to end well for anyone. Heed my warning: The…
As the money printing goes, assets will inflate and inflation will catch up, and it will be somewhat balanced....
Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#18Everyone is rushing to buy bitcoin at all time highs
US is also creating dollars at all time highs. As money supply increases, asset prices inflate
No. This is incorrect, and a misunderstanding of economics.
CPI, price inflation, is tracking at 2% as expected. Housing is actually down.
Stocks are up because some people have a bunch of extra cash and nothing to do during the day. These two are not connected.
Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#19It's interesting how regular people rush to buy cryptocurrencies when the valuation is at all-time-high. Then, in a month everybody will freak out that they can't buy a Lambo yet, even worse, they lost around 50% (based on past peaks).
Of course, I can't predict the future, so maybe it's the first time a peak will never end? :)
Re: Coinbase hits number 30 in the top free apps on Apple's mobile store
#20Earlier quoted context omitted.
You're comparing a speculative mania in fictional crime-bucks to a speculative mania in a car company worth more than Facebook while simultaneously selling just 4% as many cars as Toyota. Tesla's price to earnings ratio is 1500 meaning it would take until the year 3521 for it to earn back its market cap. The fact you're even making this assessment tells me this isn't going to end well for anyone. Heed my warning: The…
As the money printing goes, assets will inflate and inflation will catch up, and it will be somewhat balanced....
I'd love a citation on that if you have one, I have seen no evidence the two are connected. The money was printed to counter deflationary pressure. This succeeded, and the rate of inflation is tracking at 2% per expectations.