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> Well, like all crypto you can buy it and hope it goes up in value :) So, speculation. That's what all crypto is for.
by pionar 5y ago
> Well, like all crypto you can buy it and hope it goes up in value :)
So, speculation. That's what all crypto is for.
- xboxnolifes 5y agoAnd just like many stocks that don't plan to ever offer dividends.
- CPLX 5y agoThere's another use case for those stocks. You can buy a whole bunch of them and then you get to run the company. If you buy enough GM stock eventually you can give all your friends and family members Corvettes for Christmas. Stock actually represents an enforceable claim on wealth that exists in the real world. Crypto not so much.
- fleddr 5y agoBoth the typical stock holder and crypto holder see a number on screen and hope it goes up. That's it. Most stock trading is done by algorithms, not even people. A typical stock holder can never claim any underlying asset nor do they have voting rights, so you're really stretching. The difference is simply in risk appetite. People are going to keep drinking Coca Cola at large scale so owning their stock is low risk. But also low return. Crypto is high risk, extremely high return. There's a sizable chance to lose your money but a larger chance to get returns that are astronomical. I'm talking 5x - 10x in mere months.
- headmelted 5y ago“There’s a sizeable chance to lose your money but a larger chance to get returns that are astronomical” Past performance is not indicative of future returns.
- fleddr 5y agoYes, and live life to the fullest. Are we exchanging cliches now?
- headmelted 5y agoNo, but you’re strongly implying that there’s significantly more chance of making a large return than losing a lot of money, which you have no way of knowing. The reason the rest of us on the other side of this fence aren’t being as loud is not because we consider the jury to be out - it’s because we’re being responsible with our claims. It’s why no-one is countering you with a claim that it’s all going to zero - as no-one can guarantee that will happen either. Joining the cryptocurrency pyramid in 2021 and expecting 500% returns is foolish. Could it happen? Sure it could. It doesn’t make it as likely as those inside the religion are implying.
- fleddr 5y agoSkilled crypto day traders make money whether it goes up or down, that's what a large volatility makes possible. In fact, a real pro flips the charts: green when down, red when up.
- throaway6942 5y agotbh, Solana does offer "dividends" in the form of PoS rewards!
- colinmhayes 5y agoBuybacks are dividends. There are no companies that have no plan to ever offer buybacks or dividends.