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BITCOIN

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  • HansOndabush
    HansOndabush Posts: 470 Forumite
    100 Posts Name Dropper Photogenic
    Burry has already shorted Tesla, let's see how that works out.
  • Burry has already shorted Tesla, let's see how that works out.
    Easy for him to say that now..how has is investment in water done for the last 13 years?
    Never trust a seer.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Prism said:
    You have to think that Bitcoin could collapse very quickly.
     A trillion $ proposition reduced to its vestigial worth. 
    What would be the upshot? Well $900 billion wiped off the investor balance sheet won't help market sentiment. Next target Tesla.
    After that, maybe Apple. But Apple would be far more resilient: providing all the things for an investor that Bitcoin lack: revenue, big data, share-buyback, dividends etc...
    Bitcoin to Tesla to Apple - interesting leap but I don't see it.
    Lead indicator of mkt sentiment is Bitcoin, followed (literally) by Tesla, followed by Aapl, followed by the rest, in ever more shallow gradations. So, I wouldn't be too worried about the price of a staid and stolid investment but would look to what Bitcoin is doing for direction, nine times out of ten it will be correct.
    Sensible investors will happily let Tesla run it's own course. As not an investable stock on current metrics. May have modelled itself on Apple's successful strategy but is in a very different market. That it's somewhat unlikely to dominate. 
  • Prism said:
    You have to think that Bitcoin could collapse very quickly.
     A trillion $ proposition reduced to its vestigial worth. 
    What would be the upshot? Well $900 billion wiped off the investor balance sheet won't help market sentiment. Next target Tesla.
    After that, maybe Apple. But Apple would be far more resilient: providing all the things for an investor that Bitcoin lack: revenue, big data, share-buyback, dividends etc...
    Bitcoin to Tesla to Apple - interesting leap but I don't see it.
    Lead indicator of mkt sentiment is Bitcoin, followed (literally) by Tesla, followed by Aapl, followed by the rest, in ever more shallow gradations. So, I wouldn't be too worried about the price of a staid and stolid investment but would look to what Bitcoin is doing for direction, nine times out of ten it will be correct.
    Sensible investors will happily let Tesla run it's own course. As not an investable stock on current metrics. May have modelled itself on Apple's successful strategy but is in a very different market. That it's somewhat unlikely to dominate. 
    You have an agenda Thrugelmir: you missed the ride on Bitcoin, you missed the ride on Tesla and you missed the ride on Apple for at least the last ten years. Naturally you hope they will fall. But you will never get back the opportunities you have missed.
  • Bravepants
    Bravepants Posts: 1,640 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 19 May 2021 at 7:21PM
    Well, I logged into my Coinbase account today to see if it was worth spending the 77 Euro I have in there on Bitcoin given the massive fall in value and, lo and behold, my account is in a review and I can't do anything with it! Funny that!

    Oh well, I guess I missed the boat again! Dooohhh!
    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • Prism
    Prism Posts: 3,847 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    edited 19 May 2021 at 7:24PM
    Prism said:
    You have to think that Bitcoin could collapse very quickly.
     A trillion $ proposition reduced to its vestigial worth. 
    What would be the upshot? Well $900 billion wiped off the investor balance sheet won't help market sentiment. Next target Tesla.
    After that, maybe Apple. But Apple would be far more resilient: providing all the things for an investor that Bitcoin lack: revenue, big data, share-buyback, dividends etc...
    Bitcoin to Tesla to Apple - interesting leap but I don't see it.
    Lead indicator of mkt sentiment is Bitcoin, followed (literally) by Tesla, followed by Aapl, followed by the rest, in ever more shallow gradations. So, I wouldn't be too worried about the price of a staid and stolid investment but would look to what Bitcoin is doing for direction, nine times out of ten it will be correct.
    I can't see any connection at all between Apple and Bitcoin. Tesla? Sure since they invested in Bitcoin but thats about it. Most investors couldn't care less what Crypto is doing.
  • HansOndabush
    HansOndabush Posts: 470 Forumite
    100 Posts Name Dropper Photogenic
    edited 19 May 2021 at 8:17PM
    Burry has already shorted Tesla, let's see how that works out.
    Easy for him to say that now..how has is investment in water done for the last 13 years?
    Never trust a seer.
    He's not just saying it, he has done it; I provided the link earlier in this thread. 400M short on Tesla. You do write some strange posts.

  • Burry has already shorted Tesla, let's see how that works out.
    Easy for him to say that now..how has is investment in water done for the last 13 years?
    Never trust a seer.
    He's not just saying it, he has done it; I provided the link earlier in this thread. 400M short on Tesla. You do write some strange posts.

    Sorry, I'd not seen your link to Burry, Hans.
    And since most of your posts concern (shorting) Bitcoin, please post it below.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Burry has already shorted Tesla, let's see how that works out.
    Easy for him to say that now..how has is investment in water done for the last 13 years?
    Never trust a seer.
    He's not just saying it, he has done it; I provided the link earlier in this thread. 400M short on Tesla. You do write some strange posts.

    Sorry, I'd not seen your link to Burry, Hans.
    And since most of your posts concern (shorting) Bitcoin, please post it below.
    Not keeping up with events will result in missed opportunities and lead to costly mistakes.  ;)
  • HansOndabush
    HansOndabush Posts: 470 Forumite
    100 Posts Name Dropper Photogenic
    edited 19 May 2021 at 8:51PM
    Burry has already shorted Tesla, let's see how that works out.
    Easy for him to say that now..how has is investment in water done for the last 13 years?
    Never trust a seer.
    He's not just saying it, he has done it; I provided the link earlier in this thread. 400M short on Tesla. You do write some strange posts.

    Sorry, I'd not seen your link to Burry, Hans.
    And since most of your posts concern (shorting) Bitcoin, please post it below.
    There are plenty if you just google 'Burry shorts Tesla' e.g.
    Very few of my posts concern shorting bitcoin. I am not short bitcoin and would not recommend it. I do think it is worthless but while the cult mania continues it can go to any price.

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