DublinHead54
Registered User
- Messages
- 1,055
Absolutely - in this space above any other, there's a need for a healthy cynicism.I would treat the JPM note in context rather than a fact.
Agreed.What I am pointing out is that every bank has a research team, and those research articles present an opinion on the topic most commonly in equities with a Buy / Sell / Hold rating. Not every prediction becomes a reality and they are often wrong.
If this was an isolated instance, then I'd be inclined to be more wary of the intent behind it. However, there seems to be an emerging consistent view along the lines of their note.What is more important than the content of the note is in support of your argument that Bitcoin is becoming more institutionalized and the JPM note is a recognition of the further legitimizing Bitcoin as a store of value for Wall Street.
Do you see this advisory from JPMorgan then as treachery? Is this their honest appraisal or a ruse to suck in the feeble of mind such as myself?
I was just curious if you found the current JPMorgan analysis to be disingenuous or otherwise - simple as that.Why would I see it as treachery?
Well either you or they are wrong.The analyst who wrote that note is clearly wrong. And they are often wrong.
if you found the current JPMorgan analysis to be disingenuous or otherwise
Nor in mine.You will find very few conspiracy theories in my 41,818 posts.
Are JPMorgan incompetent in this instance?Why look for disingenuity when incompetence is so widespread?
You and the rest are deluded into thinking that a bag of hot air is worth something.
Max
I was responding to tecate's use of the term.
The point is that it's the same age group who chase the latest investment fad and get burnt badly.
Brendan
Wolfie
Have you read the book?
It's about how crowds get deluded. You and the rest are deluded into thinking that a bag of hot air is worth something.
This delusion can persist for a surprisingly long time.
Brendan
the generations that chased property, stocks, commodities,
According to its earnings call earlier today, MicroStrategy plans on buying more bitcoin with excess cash as the company goes forward.This huge MicroStrategy buy-in is wild. I actually think the podcast he did here https://www.youtube.com/watch?v=JibXLTDaj50&ab_channel=StephanLivera is better than the one tecate linked. It's more to the point and he's goes into more detail on some of the aspects.
These items all have value. From time to time they are overvalued and so people who invest in them might see them fall, but they usually recover.
Yes, the prices of these items tend to recover over time, but not necessarily the people who got burnt.
*subject to market conditions and business needs. They also note that they will run the business day to day with Cash.According to its earnings call earlier today, MicroStrategy plans on buying more bitcoin with excess cash as the company goes forward.
So not sure why you are saying I am disingenuous.
Indeed, it will. He's just stated that he owns $200 million worth of bitcoin personally so he'll have that decision to make personally also.It will be interesting to see if they sell any if the price continues to rise, they are currently sitting on a ~22% profit.
Well, you are making the distinction that assets such a property and stocks tend to recover over time, but for bitcoin that is not the case.
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