jusonchan · HackerTrans

قبل 6 سنواتdiscuss

I'd say keep a close eye on the Coronavirus situation. If a vaccine is found and is effective, likely the market will calm down and hit the bottom. After that its about keeping the companies afloat until they can get their revenue back up again. Most likely the quantitative easing programs from the Fed will help in this regard.

jusonchan

قبل 6 سنواتdiscuss

Looks like that was likely a typo. Seems like the author holds a license from 2008. My key point is about the debt though. I'm sure there are different takes to it, but this is just my own opinion.

jusonchan

قبل 6 سنواتdiscuss

This is my source: https://www.avvo.com/attorneys/91103-ca-victor-look-1755244....

"I came out of school during the Recession of 2018."

jusonchan

قبل 6 سنواتdiscuss

I'm surprised how this made it into HN front page. Looking up the author, it seems it's someone who graduated in 2018 throwing out his theory about bonds and how it's all a bubble with a nice click bait title.

The reality is very different though. Bonds are how most large companies finance themselves. And when they can issue a bond that people buy for < 5% yield, it's almost like free cash. Assuming in 2027 - Netflix has say conservatively 220M members paying an average of say $11 (which is less than the average price today, not accounting any price increases). That will be a whopping 29B in revenue. Way more than enough to pay off debt + some in a single year. This is even after accounting for a massive spend on making movies. For context Disney+ spent 1B this year and planning to spend up to $2.4 billion by 2024.

jusonchan

قبل 8 سنواتdiscuss

I wish they would release this into the supermarkets sooner than the end of the year though. I would love to include this in my weekly dinner options at home. I am not a vegetarian but I do like to mix things up and this will help to make one more dinner at home a veggie version.

The price is the key part right now. Hopefully they can scale this fast and reduce the prices. My guess is that they are doing a controlled release to ensure a better chance of success for the product. Early feedbacks should help to correct issues.

jusonchan

قبل 8 سنواتdiscuss

This is a great point. Solve it one step at a time.

But the problem is Uber's business plan is to replace drivers with autonomous vehicles ferrying passengers. i.e. take the driver cost out of the equation. Same goes for Waymo and others trying to enter/play in this game. It's always about monetization which kills/slows innovation.

Just highway-mode is not going to make a lot of money except in the trucking business and I bet they will succeed soon enough and reduce transportation costs. But passenger vehicles, not so much. May help in reducing fatigue related accidents but not a money making business for a multi-billion dollar company.

That being said, really sad for the victim in this incident.

jusonchan

قبل 8 سنواتdiscuss

Seems like a baseless article that is pulling fake facts out of thin air to supplement a couple of real ones like the cost basis and failures of large government projects.

It's not uncommon for large government projects to fail with all the bureaucracy and politics that is in play. I am not saying IBM is great, but this article is just not worth it.

jusonchan

قبل 8 سنواتdiscuss

Why should they avoid? I sort of liked it. And also about 86% of Rotten Tomatoes reviewers out of about 17,620 did. Not every movie has to be liked by the elite movie reviewers or editors in media news media. Some of the movies just works for folks. I'd say keep them coming. I'm only paying a fixed price and I can always choose what I want.

jusonchan

قبل 8 سنواتdiscuss

My guess is that he was being sarcastic about cryptos.

jusonchan

قبل 8 سنواتdiscuss

Getting a device alone is not enough, they need to sign up too! And most devices comes with Hulu, Amazon, HBO, Fandango and a ton of other media apps.

jusonchan

قبل 8 سنواتdiscuss

What exactly are you looking for?

jusonchan

قبل 9 سنواتdiscuss

Seems like launching a coin is one slam dunk way for CEOs to raise stock prices before selling their shares.

jusonchan

قبل 9 سنواتdiscuss

So what do you guys think of this?

I believe all BTC trading spikes are driven by some of the existing owners swapping coins and cash every now and then to keep the trading volume high. It is in their best interest to get the prices bounce back higher whenever it goes down.

Once the price is manipulated higher, they can sell and keep the cash when someone who thought BTC is the next "I-Dont-Know-What-It-Is-But-Its-Going-Higher-Everyday" buys it. Since there are no regulators to protect against market manipulation, it's a fairly easy thing to do 'legally'.

As per GDAX you only need 10s of millions of dollars worth of coins to manipulate and mint money on this. Ordinary folks can't do it, but those who have been holding a few thousand or tens of thousands of coins can easily do this. The bitcoin billionaire brothers for example can do this. Buy every low priced limit order until it hits the price they want and then sell it off based on the frenzy buying on the back of the "always-bouncing-back-safe-harbor-currency".

Rinse and repeat every time price takes a dip.

I hope at some point someone will step into regulate things around bitcoin so that the real market demand will determine its prices. I read an article that people are mortgaging their homes to buy BTC.

If nothing changes, we might be looking at a sequel of the movie "The Big Short"

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