Monday 21/9 price prediction, page-201

haha I’m pretty happy with my position at the moment.

people like ole mate goodfella are to short sighted to see what most people on here do. he talks of margins and how much profit they’ll need to be valued at whatever number. But he doesn’t even realise that sign ups are everything. Afterpay already showed that a first year customer uses it on average 5 times a second year customer uses it on average 25 times. It’s that exponential growth not only in customers but in frequency of use that will drive these companies.

does he actually think PayPal was profitable for the first 5 years? Was Facebook profitable? Was google not raising vc money every 3 months to drive growth. He doesn’t understand that growth is everything. The market they’re in is worth 100’s of trillions of dollars. Credit and payments the size is clearly beyond his comprehension.

this isn’t a winner take all race. There will be hundreds of businesses taking their piece. If zip captures 0.002% of that it’s worth 50b and everyone here goes home 25 times richer.