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But the stock market - in general - has ridiculously profitable and powerful entities behind it. No matter what happens to investor confidence, ownership of App
by arcticfox 9y ago
But the stock market - in general - has ridiculously profitable and powerful entities behind it. No matter what happens to investor confidence, ownership of Apple is going to be very valuable because they generate a ridiculous amount of profit.
Cryptos, on the other hand, are entirely based on investor confidence.
- Cakez0r 9y agoIt's not a given that Apple will continue to generate insane profit. Apple will remain very valuable because it has tangible assets that can be sold (book value). So with a total lack of investor confidence, the price floor of Apple shares should be book value - debts. Cryptocurrencies aren't backed by tangible assets, so the price floor is 0.
- victor106 9y agoCryptos imho are equal to gold not stocks