Submitted by Colinian18 t3_10oakja in tifu
dreadpiratew t1_j6f9hgu wrote
Reply to comment by aussie_nub in TIFU by buying too much crypto by Colinian18
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.
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.
dreadpiratew t1_j6fa31o wrote
Exactly! Companies have zeroed for centuries!
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