3 ms·
Crypto or AI? Which is the more reasonable *investment*? At least AI produces *something* --- more than the mere expectation of a "bigger fool" willing to buy
by jqpabc123 5mo ago
Crypto or AI? Which is the more reasonable *investment*?
At least AI produces *something* --- more than the mere expectation of a "bigger fool" willing to buy into it.
This is not new. It is not a surprise, it should not be unexpected --- it has been the case all along.
Reality is nothing if not persistent. It took a while but it has finally prevailed over Saylor's fantasy.
- __mifflin__ 5mo agoHe sold 32 out of 800k+ to prove a point. That’s $4 out of $100k.
- jqpabc123 5mo agoWhat he proved was that "Never sell your bitcoin" was not a good Strategy. Three consecutive losing quarters convinced him to prove it. And he will be forced to prove it again if the decline continues.
- pgreenwood 5mo agoHe sold 0.00004 % of his stock and Bitcoin dumped 25 % of its value
- jqpabc123 5mo agoHis company is losing money and the future hangs on their ability to borrow fiat in order to prop up bitcoin. He is in an ironic and untenable position in my opinion. BTW, I think the decimal in your stated percentage needs to shift 2 places to the left.