4 ms·
It was valued at $7 billion or so early last year. so at today’s price, it still went up over 50% since then. so one could argue it is still overvalued. just b
by AznHisoka 7y ago
It was valued at $7 billion or so early last year. so at today’s price, it still went up over 50% since then. so one could argue it is still overvalued.
just because some greater fool declared it was worth $40 at some point doesn’t mean it’s now a bargain if it goes down to $20.
- semiotagonal 7y agoIndeed, I wasn't suggesting it was a good investment, just that the appearance of the chart is fairly consistent in moving toward a value of zero.