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Gossip & Opinions / Re: Bitcoins - about to hit $5,000 per coin today!
« Last post by gib on Today at 04:03:00 AM »You are confusing adoption with valuation.
Teslas are being increasingly bought. However, this does not necessarily mean that Tesla stock can be valued at any price. Indeed, in the short term, investors, especially those who do not understand fundamental valuation concepts, will likely "pile in". It's the same concept with the usage of any utility token. Alt scammers and promoters take advantage of this naivety and lack of investment experience.
Teslas are being increasingly bought. However, this does not necessarily mean that Tesla stock can be valued at any price. Indeed, in the short term, investors, especially those who do not understand fundamental valuation concepts, will likely "pile in". It's the same concept with the usage of any utility token. Alt scammers and promoters take advantage of this naivety and lack of investment experience.