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I think the difference is that there are many tech stocks that aren’t overhyped and are delivering things of value to the market, paying dividends, and rightly
by prepend 4y ago
I think the difference is that there are many tech stocks that aren’t overhyped and are delivering things of value to the market, paying dividends, and rightly appreciating (eg, apple, Microsoft, Amazon, etc).
I don’t think there’s any examples of crypto that have had virtuous payouts in the past 10 years. Everything is based on some future payout and luring in greater fools.
So I don’t think the comparison is valid because most of tech stocks (by market cap) are not scams and hype. Although there is a lot of hype and probably a decent amount of scam.
- sokoloff 4y agoGeneral agreement, with minor clarification: AMZN has never paid a dividend, at least to my knowledge; they certainly don’t do it regularly.
- prepend 4y agoYes, good point. Amazon does not pay a dividend. But I think they are a successful tech company that delivers value and an understandable return on their stock.