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Sure, it's kind of like really crappy penny stocks that are in danger of being delisted and probably doing fraud. But real companies have cashflows and assets,
by ffssffss 4y ago
Sure, it's kind of like really crappy penny stocks that are in danger of being delisted and probably doing fraud. But real companies have cashflows and assets, get audited by real auditors, hire real employees instead of teenage "anons", etc. It's actually pretty different!
- andirk 4y agoAgreed. Shitcoins are like pennny stocks but not even audited or held to much scrutiny at all. It's more like investing in a github repo. There are, however, plenty of real projects backed by real money with real employees, open books, and have proven resilient over these handful of years. If the economy gets pumped full of fakeass USD causing stonks and crypto to triple up, I'm not going to be one to say "Yeah that value is so real". My fave stonk Square (SQ) (I refuse to call it block), has net me several boatloads of money since day 1, and now it's dropped to only a couple boatloads. Does that mean it's now bullshit? No. It means the economy has a mind of its own and let's not pretend it makes much sense. It's more powered by emotion and guessing than actual worth.
- deleted 4y ago[deleted]
- RC_ITR 4y ago> There are, however, plenty of real projects backed by real money with real employees, open books, and have proven resilient over these handful of years. Citation needed, especially considering what’s been going on with BNB
- dinkumthinkum 4y agoWell, right. And real companies don’t just have cheer leaders on YouTube making videos of being on team “X-coin” and having tons of followers like a cult trying artificially prop up the value so they can dump it on sone sucker. It’s really amazing.