Go back to previous topic | Forum name | General Discussion | Topic subject | RE: no, that's not how stocks work | Topic URL | http://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13433233&mesg_id=13445950 |
13445950, RE: no, that's not how stocks work Posted by legsdiamond, Mon Oct-25-21 12:28 PM
>this is a common knee jerk misconception that people point to >when they look for ways to normalize bitcoin. > >stocks do not gain value based on how many people buy them, >they gain value based on the success of the company which >offers real products and services that you can see, touch, >feel, and hear.
stocks indeed gain value because people buy them… wtf.
what does FB offer that is real that you can touch? > >if you bought into Apple on the first day the stock was >available and the company did poorly, the value of your stock >would not increase simply because you got in early.
this makes no damn sense. Most people make money on stocks because they got in early before it performed well. > >in contrast to bitcoin, where buying in early offers the >greatest return because the value is pumped by subsequent >investors, hence, why it is a ponzi/pyramid scheme.
no.. plenty of people bought early AND sold early > >to date, bitcoin offers no utility, no product, and no service >whereas apple offers hardware for work and play, software, and >other entertainment services, and that's why its stock is >valuable.
So you can’t use bitcoin to purchase things online? > >stocks are also protected and regulated rendering fraud >impossible to protect investment, whereas bitcoin has no such >protections. > true.. its new and still the wild west in some ways. There is also a reason some countries are trying to get rid of it.. because people are moving away from traditional investing.
and lets not act like stocks aren’t manipulated a ton and pumped and dumped
>stocks also offer you ownership of a company, and you are a >holder of its share. bitcoin offers you nothing in a share of >nothing. >
what do you really own? I own tesla stock but I can’t walk into a tesla factory and start calling the shots on some “I own this bitch”
Bitcoin offers you the same thing as any other stock. A chance to make or lose money.
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