3 ms·
> as stock prices are based on expectations of future profits. I thought stock prices were based one what I thought I could sell it for next week.
by wredcoll 6mo ago
> as stock prices are based on expectations of future profits.
I thought stock prices were based one what I thought I could sell it for next week.
- WalterBright 6mo agoIf you could sell it for more next week, that means the next week buyers are expecting higher profits.
- wredcoll 6mo agoNo, it just means they're expecting someone else to buy it from them at a higher price. See also: bitcoin.
- WalterBright 6mo agoBitcoin is not a company selling a product.
- wredcoll 6mo agoWhat exactly is the difference? Someone tweets that next week bitcoin will be worth $x more, or elon tweets that tesla will be worth $x more next week?
- WalterBright 6mo agoBitcoin isn't run by any organization.