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This article was clearly written by someone that has not been investing long enough to encounter a bear market. "Why do people prefer to pay for things using s

This article was clearly written by someone that has not been investing long enough to encounter a bear market. "Why do people prefer to pay for things using stable instruments rather than volatile ones like Tesla shares? My guess is that it has something to do with FOMO." Or maybe it's a terrible idea to have people paying for their groceries and rent with assets that have the possibility of tanking 50% in a matter of weeks. If this feature would have existed in 2008 there would surely be regulation in place to prevent it today.

zozbot234 7y ago
> This article was clearly written by someone that has not been investing long enough to encounter a bear market. This, so obvious. Most people actually want to keep some fraction of their wealth in safe, liquid assets, it's just the sensible thing to do. So it's not clear to me what they would gain by getting rid of their ordinary checking accounts. Cash is king anyway.