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

Post by tlrobinson » Thu, Jan 07, 2021, 9:27 PM UTC

arcticbull wrote: post #60

tlrobinson wrote: post #49

Earlier quoted context omitted.

> meaning it would take until the year 3521 for it to earn back its market cap 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”

I'm aware of the bull case. However in general, pie-in-the-sky dreams aren't factored into asset prices like that. For instance, Apple has a market cap of 2.2T a P/E of 40. Tesla has a market cap of 0.8T and a P/E of 1602. Apple could get into all those markets, so should we value it at, uh, let me run the numbers here... 88 trillion dollars?

Post by jo032 » Thu, Jan 07, 2021, 9:35 PM UTC

lotsofpulp wrote: post #90

jo032 wrote: post #39

another round of stimulus checks is going to set bitcoin off on another bull run imo. you could see a drastic effect as soon as the $600 started hitting people's checking accounts

If my income was low enough to qualify for the $600, I wouldn't feel like a speculative bitcoin investment is the best use of the money.

Post by [deleted] » Thu, Jan 07, 2021, 9:57 PM UTC

morpheuskafka wrote: post #83

encoderer wrote: post #22

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…

The main reason I don't like TSLA is not that I think electric cars will go bust, but that the company does not have good leadership. The CEO just does not seem to have any common sense, openly taunting regulators on Twitter, racking up defamation lawsuits and SEC penalties, etc. There's a lot of startup era hype and showmanship projects that don't come out as promised. As for crypto, I definitely see a future for it…

Post by tehlike » Fri, Jan 08, 2021, 2:06 AM UTC

arcticbull wrote: post #89

tempsy wrote: post #85

Earlier quoted context omitted.

the market doesn’t conform to your personal biases

What makes you think the amount someone is willing to pay for something at any given moment is a proxy for its intrinsic value? Enron traded sky high until it didn't. Tulip bulbs traded sky high until they didn't. That people are willing to pay for it doesn't mean it should be worth anything. Worth is not price. And a high price certainly doesn't mean something is good for the world. If I offered $1,000,000 for each…