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check out the charts of SNAP (just this morning), AMZN, NFLX, TSLA, FB, GOOG, do you have the same criticisms for the biggest equities in the US stock market?
by marketneutral 4y ago
check out the charts of SNAP (just this morning), AMZN, NFLX, TSLA, FB, GOOG,
do you have the same criticisms for the biggest equities in the US stock market?
- spamizbad 4y agoApples and oranges. Stocks serve a radically different role than currency. But you are very right about one thing: cryptocurrency behaves a lot like a tech stock.
- buzzdenver 4y agoThose are equity, not currency. There is a reason why employees of those companies get paid in local currency, and not company stock.
- triceratops 4y agoTheir employees get both local currency and company stock.
- buzzdenver 4y agoMajority being currency, unless the stock goes up a crazy crazy amount.
- grumple 4y agoWhen's the last time a major index lost 50% of its value? - 2008 crash due to deregulation Does it happen every two years? - obviously not Are stocks intended to be currency? - no Stocks also are attached to real property - ownership in a revenue / profit generating company and their assets. Crypto is only a vehicle for speculation. A currency should not experience regular crashes or explosions of value. Assets are generally more volatile by their very nature.