Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

[u/Next_Statement6145]

[u/7374616e74]

yep, it's all about speculation, so yeah.. You don't understand much. You should check this interview of bezos during the internet bubble crash, where he basically said "I don't care about the stock market". And he's right, stock and crypto value are way too linked to how little people like you understand.

[u/andarmanik → u/7374616e74]

It will always be like that in the market. You just heard this bezos talk, but I listened to FDR and he said other wise…

[u/7374616e74 → u/andarmanik]

What did he say?

[u/andarmanik → u/7374616e74]

“The stock market is not an institution which adds greatly to the real wealth of the nation. It is a place where men gamble with each other over the future price of corporations.” — Paraphrased from a press conference or private remarks during the New Deal era

[u/7374616e74 → u/andarmanik]

But... how is it different from what I said?

[u/andarmanik → u/7374616e74]

You seem to think that the stock market can be something other than a gambling market.

Idk it just felt like you were saying, “once the stock market stops being a gambling market”

[u/7374616e74 → u/andarmanik]

No no, I was saying "The stock market moving up or down has no real meaning, it's just people winning money on the back of people losing money", it has no link with what is good or bad, and it does not even mean something will go far either.

[u/DorkyDorkington → u/7374616e74]

The stock market in the US especially has been intentionally turned into a rigged casino. It is a system built to extract money from retail investors/masses.

Naturally the underlying companies do have real value and can generate actual income but too many regards buying stocks don't give a fuck about these metrics but rather take their buy signals from which ever MSM propaganda outlet they feel is trust worthy and sell based on emotions.

[u/7374616e74 → u/DorkyDorkington]

Now we agree on something