3 ms·

It’s up like 50% over 2 months. Nimble traders are raking.

komali2 4y ago
The thin silver lining of the stock market is that gains don't necessarily require losers: gains can come from companies increasing revenue, value. If a coin is up 50%, what does that actually mean other than that there's more bag holders? If you're seeing gains, it's because someone else took a haircut previously. Maybe even you，lol. Isn't that a zero sum game?
- nemo44x 4y ago
  Who cares. Trading anything is about making money. It doesn’t really matter what the thing being traded is so long as there’s alpha in it. Options are a 0 sum game too. What’s your point?
  - komali2 4y ago
    That it sucks that the entire cryptocurrency trading game requires people to be losing money and holding bags, that the cryptocurrency scene will continue to cannibalize itself, that cryptocurrency is a bad investment, and that cryptocurrency is basically useless.
    - nemo44x 4y ago
      Why do you care if it sucks or not when you think it's a bad investment and useless? Don't invest in them or trade them if you don't think they are good. It's a great thing about the world we have. You don't have to like everything and things you don't like aren't forced on you so you can ignore them and do the things you like. A lot of people like trading them because there's so much alpha in them. They know the risks because they are adults and can handle themselves.
      - komali2 4y ago
        If we grant that we like a society that legislates that we wear seatbelts and can't be sold meat and with human feces in it, can't we apply that same logic to the financial arena? This "they're adults and can choose for themselves" could be said of any Ponzi scheme. Sounds less like an argument for libertarianism and more an argument for the freedom to exploit unmolested a pool of victims. My ideal is everyone receives the education necessary to make sound financial decisions and be able to avoid getting preyed upon by malcontents. As it stands, when I graduated highschool in the USA, some of my classmates were functionality illiterate. We see boomers get financially scammed regularly through phone calls. Plus there's scams due to straight up lying that no matter your level of education you can't really guard against, like with ftx. Our society should protect against this. So what? So I want other people to not be scammed or hurt or exploited. If you want a libertarian paradise where people are free to exploit each other I heard there's gonna be some Bitcoin islands, you can try one, meanwhile I don't really see the point of society or government if we don't use it to protect people from exploitation and harm.
        latchkey 4y ago
        > Our society should protect against this. HAHAHAHAHAHA, what you want training wheels for everyone?
        nemo44x 4y ago
        Ponzi schemes are illegal. FTX is facing punishment for running the joint like they did. There’s also unlimited corruption and crime and fraud in the regulated vanilla financial markets. Get off your high horse and get real and please try and get a slightly convincing argument. If I wanted the sermon I’d go to church or join a HS debate club.
    - latchkey 4y ago
      What the heck do you think NASDAQ is?
      - komali2 4y ago
        An exchange subject to the regulatory oversight of FINRA? Is that the same thing to you as whatever ftx was lol?
        latchkey 4y ago
        In context of the discussion of this thread, which is about trading, NASDAQ is all about gambling funds too. Doesn't matter whether it is regulated or not.
        komali2 4y ago
        The regulation leads to a more stable market more free of outright scams though. If you trade on ftx you're trading next to blatant rug pulls. That doesn't make a difference for you?
        latchkey 4y ago
        > The regulation leads to a more stable market more free of outright scams though. Bullshit.

The thin silver lining of the stock market is that gains don't necessarily require losers: gains can come from companies increasing revenue, value. If a coin is up 50%, what does that actually mean other than that there's more bag holders? If you're seeing gains, it's because someone else took a haircut previously. Maybe even you，lol. Isn't that a zero sum game?

nemo44x 4y ago
Who cares. Trading anything is about making money. It doesn’t really matter what the thing being traded is so long as there’s alpha in it. Options are a 0 sum game too. What’s your point?
- komali2 4y ago
  That it sucks that the entire cryptocurrency trading game requires people to be losing money and holding bags, that the cryptocurrency scene will continue to cannibalize itself, that cryptocurrency is a bad investment, and that cryptocurrency is basically useless.
  - nemo44x 4y ago
    Why do you care if it sucks or not when you think it's a bad investment and useless? Don't invest in them or trade them if you don't think they are good. It's a great thing about the world we have. You don't have to like everything and things you don't like aren't forced on you so you can ignore them and do the things you like. A lot of people like trading them because there's so much alpha in them. They know the risks because they are adults and can handle themselves.
    - komali2 4y ago
      If we grant that we like a society that legislates that we wear seatbelts and can't be sold meat and with human feces in it, can't we apply that same logic to the financial arena? This "they're adults and can choose for themselves" could be said of any Ponzi scheme. Sounds less like an argument for libertarianism and more an argument for the freedom to exploit unmolested a pool of victims. My ideal is everyone receives the education necessary to make sound financial decisions and be able to avoid getting preyed upon by malcontents. As it stands, when I graduated highschool in the USA, some of my classmates were functionality illiterate. We see boomers get financially scammed regularly through phone calls. Plus there's scams due to straight up lying that no matter your level of education you can't really guard against, like with ftx. Our society should protect against this. So what? So I want other people to not be scammed or hurt or exploited. If you want a libertarian paradise where people are free to exploit each other I heard there's gonna be some Bitcoin islands, you can try one, meanwhile I don't really see the point of society or government if we don't use it to protect people from exploitation and harm.
      - latchkey 4y ago
        > Our society should protect against this. HAHAHAHAHAHA, what you want training wheels for everyone?
      - nemo44x 4y ago
        Ponzi schemes are illegal. FTX is facing punishment for running the joint like they did. There’s also unlimited corruption and crime and fraud in the regulated vanilla financial markets. Get off your high horse and get real and please try and get a slightly convincing argument. If I wanted the sermon I’d go to church or join a HS debate club.
  - latchkey 4y ago
    What the heck do you think NASDAQ is?
    - komali2 4y ago
      An exchange subject to the regulatory oversight of FINRA? Is that the same thing to you as whatever ftx was lol?
      - latchkey 4y ago
        In context of the discussion of this thread, which is about trading, NASDAQ is all about gambling funds too. Doesn't matter whether it is regulated or not.
        komali2 4y ago
        The regulation leads to a more stable market more free of outright scams though. If you trade on ftx you're trading next to blatant rug pulls. That doesn't make a difference for you?
        latchkey 4y ago
        > The regulation leads to a more stable market more free of outright scams though. Bullshit.