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It is not. Dividends, stock buybacks and the value of voting rights change the situation. Trading some stocks might still be a negative-sum game, but not all. H
by user-the-name 5y ago
It is not. Dividends, stock buybacks and the value of voting rights change the situation. Trading some stocks might still be a negative-sum game, but not all. However, all cryptocurrencies are.
- lexapro 5y agoAlphabet Inc. Class C stock has no voting rights and has never paid a dividend. On average buyers of this stock still made money, because the stock price kept going up. The last person to hold it owns a valuable asset that is generating a lot of cash, so they are also doing well and probably won't have any trouble selling it for a profit. Btw there are cryptocurrencies who pay out staking rewards.
- user-the-name 5y agoEven if a cryptocurrency pays out staking rewards, you still have a negative-sum game, because all of those rewards come from other people buying in.