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So for those who remind us that the cryptocoin world is full of tulip-like behavior with no underlying asset value... while stocks provide dividends and repres
by mancerayder 9y ago
So for those who remind us that the cryptocoin world is full of tulip-like behavior with no underlying asset value... while stocks provide dividends and represent growth and so forth: this article is a gentle reminder that stocks are also subject to tulipy speculations.
- cglace 9y agoBecause people thought the stock was a tulip.
- mancerayder 9y agoSure, but as the prevalence of day trading and even automated trading that buys and sells in short periods of time (which you can tell if you look at the price movements of a stock in a small, say daily interval and notice repetitive price pattern movements), a lot if not MOST stock trading is entirely NOT based on the expectation of underlying value of the stock. Not everyone has a Warren Buffet or Bogle-like approach to long-term investing of stocks.