Greater fool theory
So what exactly is the greater fool theory and does it really apply to NFTs. 1 day agoBillionaire Microsoft co-founder Bill Gates has dismissed investments in cryptocurrencies and NFTs arguing that the digital assets market is largely driven by speculation.
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1 day agoCryptos and NFTs are 100 based on the greater fool theory Gates told TechCrunch at an event Wednesday.
. 2 days agoNot a fan of cryptos or NFTs Microsoft co-founder and Billionaire Bill Gates dismissed cryptocurrency projects such as nonfungible tokens as shams based on the greater-fool theory at an event. Obviously expensive digital. Billionaire Bill Gates dismissed cryptocurrency projects such as non-fungible tokens NFTs as shams based on the greater-fool theory at a climate conference on Tuesday June 14 reviving past criticisms of digital assetsObviously expensive digital images of monkeys are going to improve the world immensely Gates said sarcastically while speaking.
The tech billionaire dismissed digital assets particularly NFTs as 100 based on greater fool theory while speaking at. Essentially you are banking on someone else coming along and buying your assets for more than you paid -- without any theory. You have an asset class thats 100 based on some sort of greater fool theory that somebodys going to pay more for it than I do.
1 day agoTo have an asset class thats 100 based on sort of greater fool theory that somebodys going to pay more for it than I do and where. Somebodys going to pay more for it than I. According to Investopedia the greater.
Bored Ape Yacht Club owners include Madonna Steph Curry and Mark Cuban. 2 days agoJune 15. Climate 2022 conference on.
1 day agoBill Gates recently weighed in on crypto and believes the market is based on the Greater-Fool Theory. 1 day agoMicrosoft founder Bill Gates on Tuesday said that non-fungible tokens NFTs are 100 percent based on greater fool theory the idea that people can. As an asset class its 100 based on the greater fool theorythat somebodys going to pay more for it than I do Gates said during the TechCrunch Sessions.
1 day agoMicrosoft co-founder Bill Gates said he thinks cryptocurrencies and NFTs are 100 based on greater fool theory. He even made reference. Co-founder Bill Gates said he thinks cryptocurrencies and NFTs are 100 based on the greater fool theory.
In finance the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assetsitems with a purchase price drastically exceeding the intrinsic valueif those assets can later be resold at an even higher price. An overvalued stock is defined as an equity traded at a price that cannot be justified by the companys fundamentals. That was Microsoft MSFT 092 co.
In this context one fool might pay for an overpriced asset hoping that he can sell it to an even greater fool and make a profit. Specifically Gates took a stab at the non-fungible token NFT market. Expensive digital images of.
1 day agoAlyssa Lukpat. Greater fool theory is typically a short-term approach to investing. 20 hours agoThe tech billionaire added that NFTs were 100 based on the greater fool theory the financial concept that says that even the most overpriced asset would make money as.
2 days agoBillionaire Bill Gates dismissed cryptocurrency projects such as nonfungible tokens as shams based on the greater-fool theory at a climate conference Tuesday reviving past. 1 day agoMicrosoft co-founder Bill Gates says crypto is an asset class that is 100 based on the Greater Fool Theory. 1 day agoAt a climate change event hosted by TechCrunch on Tuesday Gates said NFTs are 100 based on greater fool theory that someone is going pay more for it than I do and that they have this sort of.
This only works as long as there are enough new greater fools. An extent to which the stock is overvalued. As the name suggests the greater fool theory means that there is always a bigger fool who will be willing to purchase securities at a higher price whether or not these securities are overvalued.
1 day agoThe Greater Fool Theory Opens in a new window refers to buying an investment simply because you think someone else will buy it from you at a higher price regardless of the assets quality. The greater fool theory states that you can make money from buying overvalued securities because there will usually be someone ie. The billionaire also mocked Bored Ape NFTs stating.
1 day agoNFTs and crypto dont get Bill Gatess approval. 2 days agoThe greater fool theory argues that prices go up because people are able to sell an overpriced item to a greater fool whether or not it is overvalued. 1 day agoTech billionaire Bill Gates has dismissed NFTs as 100 percent based on greater fool theory saying they only have value if you can find a bigger idiot.
What is the greater fool theory.
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