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by pjc50 2454 days ago
Stocks pay dividends. Cryptocurrencies don't.

Commodities can be sold and consumed for some real economic purpose. Cryptocurrencies can't. It's like gold except you can't see it or make jewellery from it or use it for anything.

1 comments

I made no comment(s) on your above mentioned points. I was replying the assertion that "trading gains are someone else's trading loses".
It's an arithmetic consequence of there not being any intrinsic return. The money won from cryptocurrency trading can only come from other traders, because there are no coupons, dividends, or physical deliveries.