4 ms·

So now the stock market is a scam too?

• goatinaboat 7y ago
  The stock market is not because good companies really do become more valuable by doing real work. It’s not zero-sum.
  • jmalicki 7y ago
    I don't know why this has been downvoted, it's basic economics.
• pjc50 7y ago
  Stocks pay dividends. Cryptocurrencies don't. Commodities can be sold and consumed for some real economic purpose. Cryptocurrencies can't. It's like gold except you can't see it or make jewellery from it or use it for anything.
  • Method-X 7y ago
    I made no comment(s) on your above mentioned points. I was replying the assertion that "trading gains are someone else's trading loses".
    • pjc50 7y ago
      It's an arithmetic consequence of there not being any intrinsic return. The money won from cryptocurrency trading can only come from other traders, because there are no coupons, dividends, or physical deliveries.