@TedPillows Deleveraging.. everyone was too long with real or synthetic leverage (e.g., levered ETFs, options). The selling then prompted a run to get out. No news of significance today to cause this large a decline across all asset classes
@patientinvestor Would you use a hammer for $10? Or invent a new hammer for free and then use that?
Jensen also told us not to learn how to code. Silly.
@hamids I’m with you. I’ve been struggling to find the flaw in the logic since it was $100 in the summer. Even at $350 seems much cheaper than anything else growing as fast.
My only conclusion is that it’s a cyclical capital good and at some point growth turns negative.
@MatrixMysteries Yup that’s how math works. You could always wait til you have it to pay in cash. But I’m going to guess you’re going to say that’s a scam too.