4 ms·
> Sure, but that’s my point exactly. > You need an offramp. > The only offramp is someone else (or some exchange) buying your stocks. > They would be the “gr
by eaurouge 3y ago
> Sure, but that’s my point exactly.
> You need an offramp.
> The only offramp is someone else (or some exchange) buying your stocks.
> They would be the “greater fool” in this case.
> Even if you earn stocks, that stock came from a “lesser fool.”
> You’re just the intermediary.
- tough 3y ago> Sure, but that’s my point exactly. > You need an offramp. > The only offramp is someone else (or some exchange) buying your fiat. > They would be the “greater fool” in this case. > Even if you earn stocks, that stock came from a “lesser fool.” > You’re just the intermediary.
- dartos 3y agoThat’s just not true. I can purchase food and shelter directly with fiat. (There may be some areas where crypto can do that too, but it’s far from the norm) That’s not a merchant “buying” my money with other representations of wealth, that’s me purchasing food and shelter. Framing it like that is a bad faith argument. And yeah, I’d say stocks without dividends is also a greater fool’s game.
- LegionMammal978 3y ago> The only offramp is someone else (or some exchange) buying your stocks. So dividends, buybacks, and takeovers don't exist?
- deleted 3y ago[deleted]
- dartos 3y agoFYI saying that someone else is also a greater fools game, doesn’t do anything to show that crypto isn’t.