Meta's Shares Plunge by 25%, Zuckerberg Asks Investors for Patience

Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo... by viggity on Friday October 28, 2022 @09:59AM (#33371475)

I like dumping some money into companies that are taking a beating, because most of the time I think the market is overreacting. But then I asked myself - what is more likely to 3x/5x/10x in the next 10 years. Meta or ETH? I feel like the answer is ETH.

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Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo... by pcthrowaway on Friday October 28, 2022 @10:39AM (#33371897)

I'm with you about the long-term potential of ETH vs. Meta (in terms of utility), but Meta is seeing prices it hasn't seen in over 5 years, ETH isn't trending down right now (I was buying in the 900-1300 price range), and is currently sitting at about 4X its price from 2 years ago.

I hope you're right, and the market starts to value ETH more favourably in the near future, but I suspect crypto markets in general still have a way to fall before the next big run up.

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Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo... by danrocks on Friday October 28, 2022 @10:13AM (#33371610)

Without data to back that up, you’re essentially making a faith bet, based on nothing.

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