A company valued at 2 trillion doing -4 billion in profit will 100% come below that level again when hype slows. It's 2 trading days into the most hyped up IPO with much of the sellers unable to sell for a while celebrating unrealized gains. A story we've seen 1,000 times.
BREAKING: Zcash says the Orchard vulnerability was likely never exploited.
The proposed Ironwood upgrade would restore independent verification of ZEC supply integrity.
$BTC
Price is bouncing on the back of the flush and positive peace deal news.
Meanwhile smart money keeps adding shorts.
Longs are still exposed.
Not convinced the downside is finished yet.
SpaceX IPO today
Biggest public offering in history
More than 4 times oversubscribed
Apple went public at sub-$2B (15X revenue)
SpaceX is going public at almost $2T (100X revenue)
This is the ultimate late stage cycle indicator
The tech bubble is getting ready to burst