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I really dislike crypto, but you're incorrect about the stock market. Stock used to have real value, but most stock these days does not pay dividends. The rela
by georgyo 5y ago
I really dislike crypto, but you're incorrect about the stock market.
Stock used to have real value, but most stock these days does not pay dividends. The relationship of the price of the stock is completely devorced from the company itself. See GME and AMC where just large amounts of people investing creates huge upswings that are more about market manipulation then the company.
Crypto and stock are nearly identical in how people make and lose money. You can only make buy it someone is selling and you can only sell if someone is buying. If you buy low and sell high you win!
When you buy you are gambling that factors outside of your control will be favorable to you later.
- gogo61 5y ago> GME and AMC where just large amounts of people investing creates huge upswings Yes, you are right. Most of the people are speculating and thus inflating the value of the company. But, still, most of the public company makes profit unlike crypto.
- gogo61 5y ago> Crypto and stock are nearly identical in how people make and lose money. You can only make buy it someone is selling and you can only sell if someone is buying. If you buy low and sell high you win! No. Company is also making the money and thus increasing the size of pie. So, ultimately, it is positive sum.