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by eaurouge 873 days ago
> Broadly speaking, you can’t live on commodities alone. Most people aren’t able to buy food and shelter with it.

> So the goal, in those majority of cases, is to buy in low for the exact purpose of waiting for a “greater fool” to purchase it from you for more.

Feel free to substitute with your preferred non-monetary asset.

1 comments

Not _any_. I can live in a house while it appreciates.

I can take dividends (in dollars) from certain stocks.

But not crypto (or non dividend stocks)

I’d argue that stocks without dividends are also a greater fool’s game.

But back to the original point, so you agree that crypto is a greater fools game, financially.