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Forum nameGeneral Discussion
Topic subjectRE: no, that's not how stocks work
Topic URLhttp://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.