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RE: Spread The Joy And Knowledge Of Bitcoin - I Was Approached By A Couple At Walmart About It! :)

in #crypto8 years ago

There is an old story about how the Stock Market used to work. "The stockmarket was not about gambling to win, nor was it about investing to make great sums of money. It was a place where a man could go to find other gentlemen, when he needed additional capital to build a new building, or buy new equipment, or for a large loan. These investments were set for a certain amount of time, and at the end of that time, the investor would get back his original payment of cash, plus a small interest payment."
But, that no longer describes the stock market. Now, it's more like a roulette wheel where you get rich quick or you drop the stocks.
As for ICO's, you get enough cash to cover your initial cost of proof, then you give it back, plus a small interest payment.
In my opinion, investments should be used to build something, not just to make money, or more money.

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I don't think that the market will ever work that way. Too many are opportunistic. We have to play the game and beat them at it. Crypto is an avenue to beat the Central Banks at their own game since we beat them to the punch. Big money will do what it can to gain more and small money will do whatever it can to get big. I definitely agree that ICOs are about building and expanding the blockchain and its use cases/functionality, but every ICO that is successful is making overnight millionaires and investors are sometimes getting back less than their original investment, sometimes their initial investment plus a small amount, and other times many multiples of their initial investment. It has all been coming down to speculation on the importance of an ICO/Blockchain Product. What you're describing is more like loan structure which is what makes the Big Money stay rich, since they can grow by HUGE AMOUNTS if they just get 1% or so back from their investment. Power can't be taken from them if the average Joe with $1000 or less is only getting back 1% per year or even 10-20% per year. 1% on 100,000,000 is far greater than 1% on 1,000, an obvious but important point if you're advocating for people exiting coins after small returns.

I agree, but from what I've seen, speculation has created about 8 bubbles in the last 10 years, that popped, dropping the bottom out of whatever market it was affiliated with, first artificially inflating the price beyond what people could afford, then dropping it dangerously low, putting people out of work. Let's see: the housing bubble, the oil bubble, the solar bubble, etc. I just don't want the alt-currency market to be the next bubble to pop.