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I prefer stocks over bitcoin, I own no bitcoin although I do own...

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HAC30

5,633 Posts.

479

04/02/18

16:12

Post #: 30806590
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Originally posted by Funky90 ↑

What a strange comment, thats basicaly saying i have no idea how stocks work? A share in the stock market is a share in a company, its value comes from revenue and assets of the company. It's not a scam, its your $ value of that share in the company. If the price goes above that people sell as it becomes over valued, if it falls below it people buy as it becomes cheap.

In contrast bitcoin is a $0 value asset, with the expectation it will make %1,000 YOY gains without having to do anything. That is a ponzi

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I prefer stocks over bitcoin, I own no bitcoin although I do own some other crypto.

However, the price of both stocks and bitcoin are determined by supply and demand of buyers/sellers. If you do not understand this, you have no idea how stocks work.
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