Both Bitcoin and AAPL stock carry a risk of losing money due to unknowable future events.
Therefore aren't they both gambling? It seems to me that it's just the degree of risk that varies.
Therefore aren't they both gambling? It seems to me that it's just the degree of risk that varies.
Neither is Tesla making real money. Or Amazon.
Yet their stock prices continue to grow from speculation about how valuable they might be one day in the future.
There's nothing inherently wrong with that. It's the same with crypto.
For sure those two companies are "safer" bets than most (or perhaps all) cryptos... but the underlying principle is exactly the same. It's just degree of risk involved.
With bitcoin, you’re investing in whomever the individual is on the other side of your trade. I hope some of these techies become rich enough to take government positions.
Why do the assets behind a company matter? In the event they go bankrupt and have a liquidation event, first their assets will go to loan-providers, then to bond-holders, then to private preferred stock holders, then finally if there are crumbs remaining, to public common stock holders.
Is it gambling?