RE:RE:RE:Market cap......bigbird456 wrote:
the difference of those compaines u mentioned r making money. No one knows if btigold can. Remember the market makers makes the market cap .as I think its still way to high . But u better hope bud. If thier q report isnt seeing big revenue u can wipe out another 250 million on that over priced market cap
These companies generate revenue, not neccesarily a lot of profit.
These companies all have valuations that exceed fundamentals.
It's all about growth/concept/future monetization. I personally would like to see Bitgold spend feverishly on user acquisition. Go big/broke or go home. Short term investors obviously have different goals than longs, they want to day/swing trade/short sell and capitalize on the volatitily.. which is fine but when you try to discredit the concept and strategy of longs, you look pretty silly. Not all of us have time for short strategies. Longs are betting on, if this catches, I've done very well for myself because it will be one of those companies whose valuations ridiculously exceeds what fundamentals justify. From what I see, we can justify $4 as a decentt entry (doubling up at 3/2 if it went down) for a speculative position based on share structure and being in for the ride in case this thing beats the odds and reachs a critical mass/catchs on this year... not because we justify the market capitalization fundamentally. Anyone who keeps knocking the fundamentals obviously doesn't get it. Anyone looking at XAU right now on the venture obviously has a high investment risk tolerance so all the fear mongering is kinda a waste of space on this board.