If 100k is crazy, isn't 70k crazy as well? I'd say the meme stocks going up 50-100x or the NFT boom were a lot more wild than 100k bitcoin. And maybe bitcoin still goes away and dies. I don't know. I just feel like if that's the path it was going to take, it would have done so by now.
My two boys last night were in the tub. They were having a grand'ol time and I could hear footsteps. I go in to check on them and they're using a rubber ducky to "play basketball" in the toilet. My youngest goes "but it's clean water in there!"
Agreed. If anyone is expecting similar results for the rest of the year or anything close to it, they are in for a disappointment. Even if it goes flat or down 10-20% the rest of the year, that will still be a great year.
Maybe. Maybe not. That's far from a certainty.
I wouldn't say I'm defending it, just giving my opinion. I really haven't even said much about it. And I get it, bitcoin is a wild idea. I feel like it's been around long enough though that it's probably here to stay. And if it's here to stay, there's increasing demand and decreasing supply...
Fair enough. I just remember a less than positive post or two of yours from a year ago but maybe that was ripping on Sam Bankman more than bitcoin.
Personally, I think it goes higher this year and next. It's been around for 15 years now. There is clearly a lot of demand from people buying...
I doubt that. You just like to be negative. And mostly on things that don't matter. You've been negative on the S&P the last 2,500 points higher and $40,000+ on bitcoin.
Huge nothing burger. Oh darn, the market is back to where it was last Wednesday. Can go another 5% down and that's still a nothing burger. Doesn't it get tiring to always be negative on the market?
I agree. But you can also use inflation to your advantage. Own stocks and assets. I'm just saying it's about perspective. And also that you seem to have a negative spin on damn near everything.
@red
K. But had you kept that house, what would it be worth now? Half a million? More? I bet on a percentage basis, both the house and cost of a sheep hunt have gone up by a similar amount.
@F250
When it comes to the economy and inflation, Jerome Powell and the Federal Reserve are dramatically more important than the POTUS. It isn't even close. You won't hear that on your favorite propaganda news channel but that's the truth.