Anybody Buying Yet? Where’s the Bottom?

[Gulf of America]

Haven’t Zelle and Venmo pretty much replaced any need for PayPal? It seems like a dinosaur. I can’t remember the last time I used PayPal. I’ve written paper checks more recently than I’ve used it.

Venmo is owned by Paypal.

 

[Bonasababy]

AI Giveth, AI Crasheth....

 

[Wildabeest]

Venmo is owned by Paypal.

There you go - I learned something today.

 

[406dn]

I will confess having an amount of glee watching bitcoin and its cousins come down to earth, a crash landing would be nice, better than a NASCAR pileup.

 

[SAJ-99]

I will confess having an amount of glee watching bitcoin and its cousins come down to earth, a crash landing would be nice, better than a NASCAR pileup.

I try not to cheer when others lose money. Today it's them, tomorrow it might be me. Although I get it.

 

[NDGuy]

PayPal worth a look now?

View attachment 400475

Value trap IMO, dying company.

 

[406dn]

I try not to cheer when others lose money. Today it's them, tomorrow it might be me. Although I get it.

I have long thought that crypto was a greater fool game. It has no intrinsic value that I can see.

 

[SAJ-99]

I have long thought that crypto was a greater fool game. It has no intrinsic value that I can see.

No argument from me on that. But I would say gold is the same, other than it is physical. Is there value in being able to touch it? Some might argue there is. And we certainly see there are a lot of stocks running in the greater fool game.

 

[406dn]

No argument from me on that. But I would say gold is the same, other than it is physical. Is there value in being able to touch it? Some might argue there is. And we certainly see there are a lot of stocks running in the greater fool game.

I would agree that much of gold's value is similar to crypto, but it does have some valuable commercial properties.

 

[Wildabeest]

I have long thought that crypto was a greater fool game. It has no intrinsic value that I can see.

My thinking is that governments will only allow it to exist as a minor player in the economy. If it becomes too big, then they lose the ability to control economies via currency manipulation and would then regulate it back into minority status. Trump may be a little slow to get there.

 

[SAJ-99]

I would agree that much of gold's value is similar to crypto, but it does have some valuable commercial properties.

 

[406dn]

Bitcoin is continuing with its price momentum.

Hopefully a person can't buy it on margin.

 

[LopeHunter]

There you go - I learned something today.

Paypal was 100% owned by eBay long ago. The start of PayPal involved Peter Thiel (puppet master of JD Vance who plucked Vance from obscurity) as a founder of PayPal then soon after Elon Musk merged a company into PayPal. Goes public in IPO then months later eBay buys.

 

[rogerthat]

There’s only ever going to be 21 million bitcoin. How many US dollars will there be at the end of Trumps term?

 

[SAJ-99]

There’s only ever going to be 21 million bitcoin. How many US dollars will there be at the end of Trumps term?

Well, the market is revaluing those 21 million bitcoin pretty fast.