/biz/ - Business & Finance

>>52415261
The fact that ETH is down 64% means that there is LESS risk than before. And I have already stated multiple times what problem crypto solves. I can see that I'm getting no where with you boomers so I shall now wish you all a goodnight.

PS thanks to whoever banned me for muh waycism.

At any point in the day, there are always 2 or 3 stock market generals simultaneously up and they reach bump limit in a matter of a couple hours. Why is there so much traffic for stocks on biz of all places? Who the fuck even buys stocks in 2022? Stocks are absolutely a meme.

I can understand investing in real estate. You still have the house itself even if prices fall. I can understand investing in precious metals because they serve as funds outside of the control of the banking system. I can understand crypto investing because in addition to being like precious metals which are in your sole control, crypto also has a higher potential upside. I don't understand the rationale of buying stocks. The stock market is literally a ponzi scheme. You literally can't do anything with a share of stock other than sell it to someone else for a higher price. You can't eat it. You can't live in it. You can't use it to manufacture a physical item. You can't use it as a p2p currency. Name one single thing that stocks can do better than other asset classes. There is no unique use-case for stocks. Anything you can do with stocks, can also be done equally or better with crypto/PMs/housing/cans of beans. Plus, the stock market is closed for half of each day and every weekend. I don't understand why people bother with stocks.
>inb4 crytpo is a ponzi scheme too
Ok, but if both stocks and crypto are a ponzi scheme, why not choose the ponzi scheme that offers 24/7 access to your funds versus the one that doesn't?
>inb4 crypto is down 90% from ATH while stocks are only down 30%
Yes but that can be solved by splitting your porfolio into both crypto AND precious metals so that your portfolio value today would be similar to that of someone 100% in stocks.

If all assets are positively correlated to each other, and the FED is the one who controls when number go up, wouldn't you want to be invested in something more volatile like crypto which is going to outperform stocks when the FED pivots?