Re:‘We’re a Cult’: Inside Bitcoin’s Shameless Hypefest
by mmcnl on Monday April 11, 2022 @12:40PM
(#30991313)
It is not like the stock market. Shares are a share of a company, that (hopefully) produces something of actual value. You can calculate earning per share. Companies pay dividend. It means you actually own something. What does it mean to own a bitcoin? What is the "EPS" for a bitcoin? It doesn't exist. You might as well put a number on Monopoly paper money and call it a new currency.
[ Parent
| on HN ]
Re:‘We’re a Cult’: Inside Bitcoin’s Shameless Hypefest
by krzyk on Monday April 11, 2022 @02:44PM
(#30992914)
There are fundamental investors and technical analysis ones. The first care about company and dividends. The later care about the stock behavior.
(there are also casino players).
Bitcoin doesn't have the first but has the rest.