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It'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? :)
There is such a negative emotional reaction to both BTC and TSLA. Sometime over the last 10 years or so we've found ourselves really moving forward from the old guard of the 20th century and we have real new beginnings. It's not that "this time it's different" it's "the times are different". Embrace it, buy a small amount of bitcoin, buy a small amount of tesla, be part of something big, if it pops it will not hurt y…
There's Square's Cash App as well. Coinbase fees are through the roof now.
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Actually a lot of people like the tech behind cryptocurrencies. The blockchain has a lot in common with the inner workings of git, for example. What I don’t like is all the scams they have been used for.
Then you must really hate the US Dollar!
And they're now down! https://status.coinbase.com/ edit: added status page
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Unless you're trying to buy stocks that's probably not true, and of course, the point of investing in stocks is they become worth more over time.
It's most definitely true, especially my biggest expenses of taxes, real estate, education, and healthcare. Savings (for retirement or otherwise) is probably the other big expense, which you could classify as "stocks", but if you predict more volatility in the future, therefore needing to save more now, then that is also increasing in price.
Real estate, while down, is a supply and demand function. In big cities, supply is artificially constrained to the benefit of existing landowners. On average across the US housing, on an inflation-adjusted dollars per square foot basis, is actually exactly the same as its been since the 1970s. [1]
Education and healthcare are social and fiscal policy issues and not connected to monetary policy at all.
[1] https://fee.org/articles/new-homes-today-have-twice-the-squa...
Everyone is rushing to buy bitcoin at all time highs
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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…
There are much better ways to make this argument than extrapolating based on current earnings forever.
e.x. “Tesla would have to capture X% of worldwide automobile sales AND capture Y% of worldwide taxi/ridesharing market share AND etc”
There is such a negative emotional reaction to both BTC and TSLA. Sometime over the last 10 years or so we've found ourselves really moving forward from the old guard of the 20th century and we have real new beginnings. It's not that "this time it's different" it's "the times are different". Embrace it, buy a small amount of bitcoin, buy a small amount of tesla, be part of something big, if it pops it will not hurt y…
It’s not even negativity just incredulity. TSLA has a larger market cap than all other car companies combined. I’m tickled to see a new entrant in automotive succeed, but the frothiness around it is based less on fundamentals or realistic growth prospects and more on something approaching religious fervour. The sentiment about turning over the old guard has a very strong “new economy” 1999 feeling to it. All the abov…
And if you were, like me, starting your career back then with Enron in the backdrop, it's easy to get pretty cynical. It's left many people, for nearly a decade now, expecting the next crash. But it takes optimism to make money I think.
I think tesla is frothy. I've sold some and bought other things with the gains. But I'm going to hold because I'm going to make a bet that the better tech and team wins.