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A comment on Stock Market Returns Are Anything but Average. Parent comment

Re:Stock Market Returns Are Anything but Average by thehappypm on Friday April 30, 2021 @11:26AM (#26994660)
Cryptocurrencies are basically stocks in nothing.
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Re:Stock Market Returns Are Anything but Average by titzer on Friday April 30, 2021 @12:06PM (#26995261)
Until you can use them for payments writ large, they aren't even currencies, just speculation bubbles.
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Re:Stock Market Returns Are Anything but Average by pradn on Friday April 30, 2021 @12:09PM (#26995293)
Proof-of-work crypto prices are based on 1) mind-share 2) sentiment/momentum 3) institutional backing (hedge funds and companies legitimizing them) 4) price of electricity 5) cost per hash 6) hardware supply 7) legality/illegality/regulation. Proof-of-stake currencies only lack #5, cost per hash. What I'm trying to say is that there's components to the price that can drive purchase/sell decisions.
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Re:Stock Market Returns Are Anything but Average by thehappypm on Monday May 03, 2021 @11:24AM (#27026290)
No, proof-of-work crypto prices are based on supply and demand. Simple as that.
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Re:Stock Market Returns Are Anything but Average by pradn on Tuesday May 04, 2021 @12:40PM (#27039550)
Yes, but supply and demand can be further broken down into these and other factors.
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Re:Stock Market Returns Are Anything but Average by reilly3000 on Friday April 30, 2021 @02:44PM (#26997591)
Cryptocurrencies are currencies whose value lies in their technology and adoption. Neither the tech nor its users are 'nothing', they are in fact quite tangible.
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