3 ms·
> At least traditional modern financial instruments still have some connection to an underlying real-world market In 2012, 50% of of US trading was considered
by sametmax 9y ago
> At least traditional modern financial instruments still have some connection to an underlying real-world market
In 2012, 50% of of US trading was considered "automated high-frequency trading".
- pedrocr 9y agoThe same will hold for Bitcoin almost surely. The fraction of transactions that are speculation and the fraction of holdings that are speculations are very different things. Most stock market transactions are speculation but they don't hold capital for very long. But most stock holdings are not speculation, they're just boring holdings of assets by pension funds, retail investors, etc.