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SecludedJ
20. Dez. 2018 01:14

Amazon vs. Bitcoin - Time to Say Goodnight to Amazon 

Amazon.com, Inc.NASDAQ

Beschreibung

Look at that overlay. Perfect. The bubble is completely popped.

Look for the crash down to just below $1000, then a bounce back up to around $1700, then get ready for the big short all the way down to sub $300.

Most will never see Amazon reach all time high again in their lifetime... If it even does... which is very unlikely.

If you missed "The Big Short" on Bitcoin, well, you're going to get a second chance with Amazon.

Kommentar

Kommentare
cyberluck
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.
SecludedJ
A bubble is a bubble is a bubble.
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