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My prediction: it will take years for this to pop in the absence of a general economic crysis. The crypto coins gave just struck the most anti tech circle of my

My prediction: it will take years for this to pop in the absence of a general economic crysis. The crypto coins gave just struck the most anti tech circle of my friends. They are watching youtube videos of how to mine on mobile phones besides buying the most obscure coins they can find. So it looks to me like there's plenty of potential "investors" out there who can sustain this thing for years to come.

ddorian43 5y ago
I think the same. Especially when you see in investing forums that many people are tilting 5% to crypto.
- skohan 5y ago
  I think crypto "investing" might be here to stay, for quite a while at least. Not that I think it should: it's a non-productive asset valued almost totally based on the greater fool theory, and there seem to be very credible indications that there may be large-scale price manipulation going on. But it appears to have managed to become entrenched in culture to the point that my non-tech-savvy colleagues talk about it like a normal thing, and financial media personalities comment on the price movements alongside securities and other asset classes. But to be fair, in some ways securities are quite disjoint from "true value" as well. If I buy a share in AAPL from another investor, the minuscule dividend and voting rights I acquire do very little to justify the price of the stock. I am really buying it in hopes that the market value will increase in time to make my retirement a bit more comfortable.
  - ddorian43 5y ago
    > But to be fair, in some ways securities are quite disjoint from "true value" as well. If I buy a share in AAPL from another investor, the minuscule dividend and voting rights I acquire do very little to justify the price of the stock. I am really buying it in hopes that the market value will increase in time to make my retirement a bit more comfortable. Feel free to buy dividend stocks then. It's just that the growth types are expected to have a greater "total growth" over time.
    - skohan 5y ago
      That's true but it's adjacent to my argument. Would you argue that growth stocks offer some utility or intrinsic value which is substantially greater than that of cryptocurrency? It seems to me both asset classes are largely based on a greater fool theory. The only difference is that securities have been around much longer.
      - ddorian43 5y ago
        Apple has 200B in cash that it can distribute still as a dividend.
        skohan 5y ago
        I believe you are missing the point

ddorian43 5y ago

I think the same. Especially when you see in investing forums that many people are tilting 5% to crypto.

skohan 5y ago
I think crypto "investing" might be here to stay, for quite a while at least. Not that I think it should: it's a non-productive asset valued almost totally based on the greater fool theory, and there seem to be very credible indications that there may be large-scale price manipulation going on. But it appears to have managed to become entrenched in culture to the point that my non-tech-savvy colleagues talk about it like a normal thing, and financial media personalities comment on the price movements alongside securities and other asset classes. But to be fair, in some ways securities are quite disjoint from "true value" as well. If I buy a share in AAPL from another investor, the minuscule dividend and voting rights I acquire do very little to justify the price of the stock. I am really buying it in hopes that the market value will increase in time to make my retirement a bit more comfortable.
- ddorian43 5y ago
  > But to be fair, in some ways securities are quite disjoint from "true value" as well. If I buy a share in AAPL from another investor, the minuscule dividend and voting rights I acquire do very little to justify the price of the stock. I am really buying it in hopes that the market value will increase in time to make my retirement a bit more comfortable. Feel free to buy dividend stocks then. It's just that the growth types are expected to have a greater "total growth" over time.
  - skohan 5y ago
    That's true but it's adjacent to my argument. Would you argue that growth stocks offer some utility or intrinsic value which is substantially greater than that of cryptocurrency? It seems to me both asset classes are largely based on a greater fool theory. The only difference is that securities have been around much longer.
    - ddorian43 5y ago
      Apple has 200B in cash that it can distribute still as a dividend.
      - skohan 5y ago
        I believe you are missing the point