patterns are baked into an algo so I see another up to get out before it continues down for a couple of years....
DocAMG
⋅
your assumption is sweet and I wish you well but the fundamentals for both are different. amazon's growth is based on its business, for btc it is speculation atm. Good luck
SecludedJ
⋅
@DocAMG, What your mistake is, is that you assume the growth from $300 to $2050 in three years was acceptable. And, well, it's not. Sorry. Back to $300 it goes.
DocAMG
⋅
@SecludedJ, growth of any sorts is acceptable as long as we profit, be it in 3 years or 3 months. I do not mind re-loading. If it decides to really tank the floor is much lower than 300. 100ish may be?
SecludedJ
⋅
@DocAMG, Well, it seemed like your argument is that this type of vertical parabolic rise is somehow sustainable. No matter what... it's not.
$100 totally possible. $300 is just the minimum.
mann1
⋅
Not necessarily. There are serious defect in logics in this assumption. bitcoin is a currency, its value depends on how willingly people are going to use it and how easy it is going to use it. However, AMZN has its intrinsic value from its business revenue. So the valuation of these two are totally different. Therefore, how valuable AMZN it is depends on its potential to generate revenue and save the cost. Currently, AMZN is investing heavily on those by taking advantage of the recent technology improvement and research.