41–50 of 305 posts
No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
They're for limiting your max amount of time on HN in a single stretch. :)
So what happens to global valuations once the world population starts shrinking? I also wonder what would happen if there was another significant war - surely peace cannot continue forever.
The population is not really the factor here, it's economic growth, which is connected to population.
Growth must slow eventually too. I'm not sure how long that would take or how we'll adapt.
No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
It’s Saturday morning for me in Thailand right now. I’m gonna drive a bit around on the 2nd hand motorcycle I bought this week - my own very first motorcycle. Lots of fun!
Earlier quoted context omitted.
why must it come down? there is no gravity.
All bubbles pop eventually. I think there's little doubt crypto is a bubble right now. Maybe it pops tomorrow, maybe it goes on for years. I don't know, nobody really does.
I don't get how everybody is just making a killing right now. What goes up must come down? Are people going to get uber burned? Like somebody who put in 50% of their net worth today, and maybe it drops?
In a bubble (up to you to decide if this is a bubble) a lot of people end up very wealthy on paper, but they only keep what they manage to sell before the retraction. Sadly, a lot of people can't resist the urge to double down as prices get higher and higher, meaning they lose more on the way down than they thought they were risking on the way up.
> Like somebody who put in 50% of their net worth today, and maybe it drops?
YOLOing your net worth into stocks isn't something that happens in the real world very often, contrary to what you see on WSB. The only people doing that either have severe gambling problems, or small enough net worth that they feel like they don't really care if they lose it all because they can start over.
The weird thing about this bubble is everyone he gets rich on extreme gambles seems to want to post it for internet cred. Makes it look like everyone's doing it.
I don't get how everybody is just making a killing right now. What goes up must come down? Are people going to get uber burned? Like somebody who put in 50% of their net worth today, and maybe it drops?
why must it come down? there is no gravity.
If an asset isn't growing faster than inflation, it's losing money. If there are other assets offering better risk/reward then money will flow to them and out of the inflated assets.
ICE who owns the NYSE had a net income of $3Bn last year and is worth $68Bn - for context.
Not sure what the operating costs look like for Coinbase, but here's some napkin math based on just the Coinbase Pro exchange . They get roughly $200 per bitcoin trade. That's on both sides, so $400 per bitcoin transaction. Today was a slightly higher volume day but they did $1.6B in BTC-USD, so around ~30k bitcoin changed hands. 30k * 400 = $12Million Bitcoin is 1/3 of their volume (they have a lot of other crypto c…
Though 2021 will be higher, will it be 20x higher?
No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
Covid makes it harder to be someone who has plans on a Friday night. Don't be so hard on yourself, it gets better.
If they aren’t of a mind stable enough to stay on this plane of existence, don’t not not stay.