Coinbase hits number 30 in the top free apps on Apple's mobile store

Post by arcticbull » Thu, Jan 07, 2021, 8:09 PM UTC

cactus2093 wrote: post #27

arcticbull wrote: post #12

Earlier 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…

You could also call gold "speculative mania in shiny trinkets with little utility", but that one has lasted thousands of years so far. Describing something in colorful language doesn't make it a strong argument. Being so sure that BTC is a bubble is just as naive as being completely sure it's going up to a million dollars per coin. It's just speculation either way, and there is no fundamental law of nature (or even p…

Post by encoderer » Thu, Jan 07, 2021, 8:10 PM UTC

lrossi wrote: post #44

encoderer wrote: post #40

Earlier quoted context omitted.

Then you must really hate the US Dollar!

Nobody lost their fortune just by keeping dollars in an account. Most people who invested in altcoins have.

Post by lotsofpulp » Thu, Jan 07, 2021, 8:10 PM UTC

arcticbull wrote: post #46

lotsofpulp wrote: post #36

Earlier quoted context omitted.

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.

Taxes are a function of income, so irrelevant [edit] and either factored into CPI or again, not monetary policy. That's fiscal policy. Take it up with congress, not the fed. 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 actual…

Post by thebean11 » Thu, Jan 07, 2021, 8:12 PM UTC

avalys wrote: post #31

mrits wrote: post #9

Earlier quoted context omitted.

If you did last week you would have already doubled your investment

Only if you're smart enough to know when to sell and never buy back in.

Post by Leherenn » Thu, Jan 07, 2021, 8:12 PM UTC

fasteddie31003 wrote: post #47

The pandemic is speeding up change in the world. The transition to crypto currencies is happening faster than ever. Lots of people who are resistant to change are going to miss the boat and are going to be stuck holding the anchor that is the massive over leveraged debt in the fiat currency world.