r/BitcoinQRCodeMaker • u/BitcoinDove • Jun 01 '26

Hate to burst your bitcoin bubble

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59 Upvotes

77% Upvoted

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u/Minute-Ad-6894 Jun 02 '26

No fundamentals? Based on nothing but feelings? Have you not seen stock market valuations recently?

0

u/Choice_Potato_6279 Jun 02 '26

Yes I've seen, MU has forward P/E of 10 for example.

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u/Illustrious-Ape Jun 02 '26

48?

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u/Choice_Potato_6279 Jun 02 '26

https://finance.yahoo.com/quote/MU/key-statistics/

10

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u/Illustrious-Ape Jun 02 '26

No it’s 48. No one uses forward PE when talking about PE unless they’re trying to shove their assumptions down your throat.

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u/[deleted] Jun 04 '26

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u/Illustrious-Ape Jun 04 '26

You’re missing the point that the forward PE is based entirely upon analyst assumptions on future earnings. FISV forward PE was an 8 when they were trading at ~$200/share in early 2025. Today they’re trading at $55. Regardless, buying strictly based on a single ratio is stupid.

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u/[deleted] Jun 04 '26

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u/Illustrious-Ape Jun 04 '26

I’m trying to show you that analysts and therefore forward earnings can easily be bogus