[Mountain_Skies]

Mostly but as long as you're not the one holding the last tulip, you can profit greatly. It does bother me to see how many young people are being taught it's an investment rather than a game of economic chicken. Then again, so much in our modern economy is that way that one can hardly blame them from not seeing the danger.

[boppo1]

> young people are being taught it's an investment rather than a game of economic chicken.

I mean, crypto is sorta garbage, but so are all the fiat currencies. Orthodox economics apparently says it's totally cool to print money to support ditch-digging because it makes jobs reports look good. The US Fed itself acknowledges in its own reports that the US is financially unsustainable. Does anyone see how this doesn't just collapse sometime in the next 50 years?

Unless we start a big war with China...

[sitkack]

Most investments are Ponzi schemes including all forms of currency. I don't want to get into an argument about the short term investments and liquidity in the markets, bla bla bla. They could be tools, but they end up becoming the ends.

Why?

[prepend]

This is not true at all as most investments have some intrinsic thing of value.

A stock is a predicted stream of future earnings. A Ponzi scheme produces nothing and only survives through new investment. Stocks don’t need future investment as they can just pay out dividends forever based on the companies earnings.

Equating these two things seems fraudulent at worst and stupid at best.

[sitkack]

People rocking Robin Hood are not investing. Institutional investors are investing.

> Equating these two things seems fraudulent at worst and stupid at best.

Please.