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I'm not sure if this is true--in Wall Street, too, there is a seller for every buyer. Every time someone gets a killer deal on some stock, someone else got equa
by creatornator 9y ago
I'm not sure if this is true--in Wall Street, too, there is a seller for every buyer. Every time someone gets a killer deal on some stock, someone else got equally ripped off. As far as I can tell, the distinction between BTC and stocks is trivial--the price of both is driven by supply and demand.
- johnwheeler 9y agoThe accounting isn’t zero sum with stocks in that capital is supposed to beget more capital through value creation. That’s the intrinsic value of company shares. So, while there might be a winner and a loser, the world still ends up with more ‘wealth’.
- AznHisoka 9y agothe IPO is supposed to work this way. After the IPO, all bets are off. It's just traders, machines, and ego's trading exchanging among each other. Once upon a time, having a share of a company always meant you were getting a share of their revenue (dividends). Now, it's primarily hoping there's a bigger fool. Which 99% of the time there is because a lot of us put money into the stock market without consciously investing (ie. 401ks)