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Re:Coinbase hits number 30 in the top free apps on Apple's m... by arcticbull on Thursday January 07, 2021 @03:03PM (#25676546)
There's not a single reason why it should be worth anything at all.
Re:Coinbase hits number 30 in the top free apps on Apple's m... by tempsy on Thursday January 07, 2021 @04:15PM (#25677584)
the market doesn’t conform to your personal biases
Re:Coinbase hits number 30 in the top free apps on Apple's m... by arcticbull on Thursday January 07, 2021 @04:24PM (#25677722)
What makes you think the amount someone is willing to pay for something at any given moment is a proxy for its intrinsic value? Enron traded sky high until it didn't. Tulip bulbs traded sky high until they didn't.

That people are willing to pay for it doesn't mean it should be worth anything. Worth is not price. And a high price certainly doesn't mean something is good for the world. If I offered $1,000,000 for each silverback gorilla pelt you procure, (a) is that a proxy for its worth and (b) is that good for the world?

The market tends to conform to my personal biases, my personal investing account just crossed 14X what it was on 3/20. I tend to short irrationality but in this case I have no interest in shooting dice in a rigged casino.

Re:Coinbase hits number 30 in the top free apps on Apple's m... by tehlike on Thursday January 07, 2021 @09:06PM (#25680548)
Sounds like someone either bought tesla or went into options. Feel free to 14x your account 3 times in a row.
Re:Coinbase hits number 30 in the top free apps on Apple's m... by tempsy on Thursday January 07, 2021 @05:43PM (#25678708)
ok.