CryptoCurrency

[Same_as_before]

How do you turn Crypto currency into ££££

 

[Londons_Moggie]

How do you turn Crypto currency into ££££

Sell it through an exchange. Similar process to liquidating stocks

 

[JudgeNutmeg]

Is anyone getting massive bubble vibes not just in crypto but stick market too?

Anything I've got money in has gone up up up regardless of anything.

Might have something to do with America having forgotten how to turn off their money printer?

 

[Alvez_48]

The biggest bubble out there atm is Tesla. The cult of Elon Musk and his use of social media have done this, but there is no way Tesla are a multi billion dollar company

The figures involved in Tesla are mind boggling, the profit required per car sold it just blows the mind.

But take a bigger look at the market in general, air BnB touching all time highs in 2021...

 

[ThirdLeg]

It no longer matters how realistic these prices are. How they compare to earnings. Discounted cash flow. Whatever old world metrics you wish to choose.

Sentiment is the only thing that matters, maybe it was always the case. But this is a legacy system that is now feeling the effects of the new world - a hyperconnected population exchanging information instantly en masse.

As someone said above, the power Elon Musk holds over the financial world via tweets is just mind blowing. Maybe I should assemble an investment portfolio based solely on his twitter activity!




I've resisted this thinking for the last 2 years, Instead considering fundamentals, and have not profited from the opportunities i have seen to the degree that i should have.

The fact nothing makes sense now makes sense.

 

[FatCat]

It no longer matters how realistic these prices are. How they compare to earnings. Discounted cash flow. Whatever old world metrics you wish to choose.

Sentiment is the only thing that matters, maybe it was always the case. But this is a legacy system that is now feeling the effects of the new world - a hyperconnected population exchanging information instantly en masse.

As someone said above, the power Elon Musk holds over the financial world via tweets is just mind blowing. Maybe I should assemble an investment portfolio based solely on his twitter activity!




I've resisted this thinking for the last 2 years, Instead considering fundamentals, and have not profited from the opportunities i have seen to the degree that i should have.

The fact nothing makes sense now makes sense.

Spot on - the world has gone mad.