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Tesla's stock reminds me of Bitcoin, a legitimately valuable commodity that has suddenly skyrocketed in price due to a rush of buying from the general public. W
by boomboomsubban 6y ago
Tesla's stock reminds me of Bitcoin, a legitimately valuable commodity that has suddenly skyrocketed in price due to a rush of buying from the general public. With it and similar "popular" stocks it'll be interesting to see what the eventual return to normalcy will do to the company.
- swiley 6y agoA lot of it was IMO the game softbank was playing, now that they've stopped people are just propping it up.
- smaddox 6y ago> [...] Bitcoin, a legitimately valuable commodity [...] Huh?
- boomboomsubban 6y agoNo matter how little you think of bitcoin, it certainly proved that it has some use or value.
- RhodoYolo 6y agoChina has an insane amount of bitcoin and is what led to the huge spike in 2017. They are currently developing the digital Yuan and it will allow China to track every single transaction, making taxes completely transparent, fraud much hard and a general huge power grab for any government. (No under the table work, no nontaxable work, complete financial history of all citizens). Albeit they'll have to ban paper currency but there's huge value in having power over your populace, and thus is where crypto derives it's value.