Comment by wredcoll
3 days ago
> 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.
3 days ago
> 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.
If you could sell it for more next week, that means the next week buyers are expecting higher profits.
No, it just means they're expecting someone else to buy it from them at a higher price. See also: bitcoin.
Bitcoin is not a company selling a product.
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