themilkshark - 2021-07-09
Crypto and NFT's are gambles. All value is relative to the demand, as you can see by the influencers who create a perceived value. With stocks, you "bet" that the company behind the stock will make good business decisions and create products or services that folks will enjoy and demand, and over time your investment will grow from that. If I bought Apple stock before the iPhone came out, it would go up from how pleased the public was with the first smartphone and my bet would pay off over time. This is exactly why the Gamestop stunt pissed me off. Gamestop is a failing brick and mortar store with no viable strategy for the next decade. They're the Blockbuster video of today. It's possible people made money from the Gamestop stunt, but it was only possible through scamming an impressionable idiot investor into buying the pumped stock before the "craze" died off. Casinos make lots of money so I guess it's not wrong, but it's a dumb investment.
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