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wredcoll
5 months ago
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The West forgot how to make things, now it’s forge...
> as stock prices are based on expectations of future profits.
I thought stock prices were based one what I thought I could sell it for next week.
WalterBright
5 months ago
[–]
If you could sell it for more next week, that means the next week buyers are expecting higher profits.
wredcoll
5 months ago
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parent
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No, it just means they're expecting someone else to buy it from them at a higher price. See also: bitcoin.
WalterBright
5 months ago
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root
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Bitcoin is not a company selling a product.
wredcoll
5 months ago
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What exactly is the difference? Someone tweets that next week bitcoin will be worth $x more, or elon tweets that tesla will be worth $x more next week?
WalterBright
5 months ago
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root
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[–]
Bitcoin isn't run by any organization.
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I thought stock prices were based one what I thought I could sell it for next week.