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aussie_nub t1_j6f8o8y wrote

Reply to comment by dreadpiratew in TIFU by buying too much crypto by Colinian18

If the company is liquidated, it has actual assets to sell. Bitcoin does not. You're 100% guaranteed a return of $0 when they tank but a company sells up all their assets and then pays out creditors in a particular order. Shares are usually last, but at least there's a reasonable chance you'll get something in return, even if it's only a fraction.

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dreadpiratew t1_j6f9hgu wrote

It’s still just a popularity contest - stocks and Bitcoin. If they are popular, they go up. Your “share” in a company is really no different than your fraction of Bitcoin. It’s just some mystical thing.

And technically, If you look at history, it’s more likely that your stock will go to $0 than Bitcoin.

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aussie_nub t1_j6f9ys3 wrote

>And technically, If you look at history

Companies have been around for hundreds of years, bitcoin is just over a single decade.

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