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Funny nobody talks about the collapse of the stock market here on HN.
by ekianjo 4y ago
Funny nobody talks about the collapse of the stock market here on HN.
- bathory 4y agoBecause: a.) we are not at pre-corona levels yet and b.) most of the highly valued companies which are publicly tradable will continue to provide value to the world or their customers, contrary to the crypto crap.
- dominotw 4y ago> a.) we are not at pre-corona levels yet We are if we account for inflation.
- tarsinge 4y agoRegarding b) this is irrelevant to the stock market which is a secondary market used mostly for speculation. Trading company stock after IPO and not for active governance has no impact on the company itself and the economy. Company results are just a narrative for speculation between traders.
- saurik 4y agoThe price of Bitcoin in May of 2020 was under $10k.
- piva00 4y agoFunny how this is just whataboutism...
- ekianjo 4y agowhataboutism is one of those words used by people who dont want to see things in context.
- piva00 4y agoNo, whatboutism is a lazy way to not present any conjecture but imply something else. And it sounds snarky as fuck at the same time, it doesn't foster any discussion and just devolves into exactly the kind of commentary you just wrote: shallow, combative and useless.