4 ms·
> There are worrying signs about that we are about to repeat the 1920s, 1930s then the 1940s The rest of this comment was not where I thought you'd go with thi
by infinite8s 3y ago
> There are worrying signs about that we are about to repeat the 1920s, 1930s then the 1940s
The rest of this comment was not where I thought you'd go with this. You realize the creation of the SEC was a direct result of the stock market crash in 1929 ,due mainly to people's life savings being invested by commercial banks without regards for the underlying economics of the investments, exactly what the SEC is trying to prevent happening with crypto (by regulating it under the same doctrine)
- roenxi 3y agoI mean, so? Crypto isn't an investment. I haven't heard a plausible theory why its value would increase over time. It'll be lucky if the equilibrium position is value holding steady.
- mentalpiracy 3y ago“not an investment” is an interesting way to describe financial instruments that are being marketed as investment vehicles. These are not magic words; repeating them does not make one immune from regulation/prosecution.
- roenxi 3y agoCrypto is an asset with no yield and a maintenance cost in keeping the network running. That doesn't sound like a very promising investment. If any asset counts an an investment then sure, it is that. But it isn't going to be a money maker. Over time it is probably going to behave more like savings. The price looks like it might be stabilising with respect to gold which is an interesting thing [0]. [0] https://www.longtermtrends.net/bitcoin-vs-gold/ https://www.longtermtrends.net/bitcoin-vs-gold/