Facebook worth $104BN?

dryhat

vivatifosi wrote: »

What will happen to all of the eviction that are caught up in Silk Road?

I don't understand the question.

vivatifosi

chucky wrote: »

Do any of you economic masterminds know the price of the shares now or was it not worth investing in?

You can make an argument that any company will have highs and lows but tech companies can and do get them quicker. For every Apple out there there are plenty more dogs that have had their day, be it MySpace, BlackBerry (sorry can't think of parent co name), IBM, possibly Microsoft...

Rather than take a risk on a single IPO offering I'd much rather smooth things with a tracker. Sure they also go up and down, but you're less likely to lose your shirt.

vivatifosi

dryhat wrote: »

I don't understand the question.

Sorry bloody tablet inserting different words. Should read (bitcoin) impounded, how it managed to end up as evicted I'll never know.

wotsthat

chucky wrote: »

Do any of you economic masterminds know the price of the shares now or was it not worth investing in?

I was tempted to short the Facebook IPO then just close the position and walk away. Couldn't be bothered in the end.

I'm sure those who were much more confident than me were bothered and made some money. Graham's actually a decent share spotter - he said Facebook would fall from the IPO (they did) and he says utilities can charge whatever they like (the returns on my utility shares have been great). Yet he dabbled in day trading instead of investing - go figure.

wotsthat

dryhat wrote: »

Facebook v Bitcoin

$1000 of each at time of facebook IPO ....

That's a more than decent return!

Don't you feel a bit daft wasting some of them on coffees?

dryhat

The "seized" bitcoins have supposedly been transferred to an FBI Bitcoin address, but no-one really knows how much has been seized or even if they have been, whether they can actually use them.

Additionally, if they have seized and moved them, it has been suggested that this constitutes tampering with evidence which has all sorts of implications in any prosecution.

It's the most exciting thing in Bitcoin for months. I'm loving it.



On other matters... Bl00dy predictive texting, I hate it. Have a look at some of these hilarious howlers.....

http://funkypickens.com/25-funny-auto-correct-fails/

dryhat

wotsthat wrote: »

Don't you feel a bit daft wasting some of them on coffees?

You could ask if the cafe owner feels daft for accepting pounds instead of bitcoins.

And why would any shopkeeper sell anything today if they could get more next year due to inflation.

It really is a silly notion that because bitcoins are increasing in value, noibody wants to spend them.

chucky

vivatifosi wrote: »

You can make an argument that any company will have highs and lows but tech companies can and do get them quicker. For every Apple out there there are plenty more dogs that have had their day, be it MySpace, BlackBerry (sorry can't think of parent co name), IBM, possibly Microsoft...

Rather than take a risk on a single IPO offering I'd much rather smooth things with a tracker. Sure they also go up and down, but you're less likely to lose your shirt.

Absolutely, the share price will probably fall again.

The forum investment "experts" dismissed the shares and the company in the usual manner instead of taking advice from the more intelligent members of the forum (like myself and dryhat) who know what good investments are and the dynamics of a good investment.

wotsthat

dryhat wrote: »

It really is a silly notion that because bitcoins are increasing in value, noibody wants to spend them.

..but you KNOW that they're going to increase in value. You should be spending sterling and accepting bitcoin - obvious really.

dryhat

wotsthat wrote: »

..but you KNOW that they're going to increase in value. You should be spending sterling and accepting bitcoin - obvious really.

For a start, I do not KNOW they are going to increase in value.

On your second point, I am spending sterling and accepting Bitcoin.

I save some and I spend some. It's the same as someone buying a computer today knowing that it will be cheaper next year.