BITCOIN

Zola.

https://www.reuters.com/business/finance/us-regulators-exploring-how-banks-could-hold-crypto-assets-fdic-chairman-2021-10-26/

Probably nothing.

onomatopoeia99

tebbins said:

adindas said:

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

Fair market value determined by an "independent" appraiser when the owner donates it to a museum, less the price they paid = net profit on the charitable donation you can relieve against your income tax.

So you buy a painting, give it away and claim back against tax, so you "earn" your marginal income tax rate on giving away the purchase price as a one-off tax rebate, so end up much worse off and with no painting?

I don't think you understand what a P/E ratio is.  Care to try again?

tebbins

onomatopoeia99 said:

tebbins said:

adindas said:

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

Fair market value determined by an "independent" appraiser when the owner donates it to a museum, less the price they paid = net profit on the charitable donation you can relieve against your income tax.

So you buy a painting, give it away and claim back against tax, so you "earn" your marginal income tax rate on giving away the purchase price as a one-off tax rebate, so end up much worse off and with no painting?

I don't think you understand what a P/E ratio is.  Care to try again?

It was a joke answer to a joke question...

https://www.google.com/amp/s/www.artsy.net/article/artsy-editorial-uk-collectors-art-donations-lower-taxes/amp

https://forums.moneysavingexpert.com/discussion/comment/78689914/#Comment_78689914

https://forums.moneysavingexpert.com/discussion/comment/78567735/#Comment_78567735

https://forums.moneysavingexpert.com/discussion/comment/78685382/#Comment_78685382

https://forums.moneysavingexpert.com/discussion/comment/78685836/#Comment_78685836

https://forums.moneysavingexpert.com/discussion/comment/78644184/#Comment_78644184

https://forums.moneysavingexpert.com/discussion/comment/78600610/#Comment_78600610

RolandFlagg

P/E ratios have very little place in modern investing.

Amazon once had a P/E of over 3,000.
Tesla's probably wasn't far off that.

What "value" investors and Buffett disciples fail to understand is that it's all about exponential growth.

Bitcoin has a network effect (Metcalfe's law) unlike anything the World has seen before.

Over the next couple of decades it will be about how millennials invest their money.
They have grown up hating the banks and loving technology, and now they have trading apps they can easily access to invest/trade/gamble.

They ain't going to be investing in Gold, Bonds or Value stocks.

So you can take your fundamental, your P/E ratios and whatever old fashioned metrics you want to use, put them in a sack and take them down the river, because increasingly they will not have a place in modern investing.

tebbins

RolandFlagg said:

P/E ratios have very little place in modern investing.

Amazon once had a P/E of over 3,000.
Tesla's probably wasn't far off that.

What "value" investors and Buffett disciples fail to understand is that it's all about exponential growth.

Bitcoin has a network effect (Metcalfe's law) unlike anything the World has seen before.

Over the next couple of decades it will be about how millennials invest their money.
They have grown up hating the banks and loving technology, and now they have trading apps they can easily access to invest/trade/gamble.

They ain't going to be investing in Gold, Bonds or Value stocks.

So you can take your fundamental, your P/E ratios and whatever old fashioned metrics you want to use, put them in a sack and take them down the river, because increasingly they will not have a place in modern investing.

The oldest lie in investing - "this time is different".

Thrugelmir

RolandFlagg said:

What "value" investors and Buffett disciples fail to understand is that it's all about exponential growth.

If investors aren't able to perform fundamental analysis on a company such as Tesla. Then they've no idea what they are talking about. Mantras are a two a penny on social media.

Michael121

tebbins said:

 "this time is different".

Probably a book worth these lot reading.

Scottex99

Wait until the boomers see the market cap of SHIB, meltdowns imminent 

Zola.

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

Scottex99

Yeah agreed, I've done a 10x on a small bag from 2 months ago but expecting this is the top now, surely it cant really get to top 5 territory, although who tf knows these days