BITCOIN

Zola.

The people who take bitcoin advice from warren buffet forget that he has rarely invested in most tech, as he says himself he doesn't invest in what he doesn't understand.... he's also 5000 years old, and in bed with all the banks, who stand to lose a lot. 

Zola.

https://twitter.com/APompliano/status/1458093788644188178

Qubit

Scottex99 said:

$69,420 inbound 

gm

GM Ser.  Certainly is!   

adindas

Scottex99 said:

$69,420 inbound 

gm

Hey do not show the BTC _USD  price on this thread, because there are reasonable number of people on this thread do not like it, because they thought they have missed the boat.      

Aegis

adindas said:

Scottex99 said:

$69,420 inbound 

gm

Hey do not show the BTC _USD  price on this thread, because there are reasonable number of people on this thread do not like it, because they thought they have missed the boat.      

Name one.

Zola.

https://twitter.com/saylor/status/1458991225822924839

adindas

Zola. said:

https://twitter.com/saylor/status/1458991225822924839

IMHO, when come to investing in BTC, Altcoins, sensible people would rather listen to billionaires who understand well from both sides e.g., investing and technological sides.

You will only be able to appreciate BTC, ETH if you want to learn and could understand what blockchain could do, especially in the future.

When come to investing in BTC, Alt Coins, I would rather listen to and learn from billionaires such as

Michael Saylor, Jack Dorsey, Elon Musk, Matthew Roszak, Cathie Wood, Tim Cook, Jeff Bezos, Brian Armstrong, Matthew Roszak, Tim Draper, Bill Gates, etc rather than learning from/listen to Warren Buffet, Charlie Munger. Many investors learn a lot from Warren Buffet about the fundamental, the philosophy of investing which is a sensible thing to do. But reasonable number of investors do not just blindly follow all of his advices especially in the modern investing where many of them are technologically dependent aiming to increase efficiency, to increase life expectancy, to cure deseases which were not possible in the past.

You will often see when discussing about investing most people here on MSE are talking about P/E ratio, Vanguard Life Strategy. But when people start a discussion about other things you will get attacked by these sorts of people who feel their comfort zones, their legacy have been attacked.  

P/E ratio of IBM is 22.77, AMZN is 67.96. But why people hedgies prefer to invest in Amazon rather than IBM??

Hey what is the P/E ratio of Bitcoin, Ethereum, the world most expensive Paintings, a biotech company which barely make profit but just discover a drug which could increase life expectancy, to cure deseases which were incurable in the past ? Well, I get confused as I might have fallen into "The greater fool Theory" where I have bought an asset which has very little value and the only way to make money is to sell it to another "greater fool".

Zola.

https://twitter.com/jaygould/status/1458780209466023943

  

adindas

Performance of MARA (Marathon Patent Group, Inc.). One of the largest Bitcoin Mining

This company is not mining minerals, precious metals but they are mining Bitcoin. They are not extracting Oils, harvest crops, vegetables, food which everyone understand to have value as you could eat it.

For some people in this thread, they are mining sh1te, worthless asset with only the fools will buy, hoping to sell it at a higher price to another fool.

But guess what this sh1te miners multiples your money 35X+ (Repeat: thirty five times) in less than a year. What is the P/E ratio of this company? well N/A or infinite.

Zola.

It won't be too long until mining companies like this become so profitable that they are grouped as the 12th sector in the S&P 500 under "cryptocurrency" or something like that, then everyone here will be investing in mining companies and supporting bitcoin by indexing, no matter their position. That'll be a hoot.