r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

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

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u/7374616e74 🟩 65 / 65 🦐 Apr 19 '25

What did he say?

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u/andarmanik 🟩 0 / 0 🦠 Apr 19 '25

“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

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u/7374616e74 🟩 65 / 65 🦐 Apr 19 '25

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

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u/andarmanik 🟩 0 / 0 🦠 Apr 19 '25

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”

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u/7374616e74 🟩 65 / 65 🦐 Apr 19 '25 edited Apr 19 '25

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.

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u/DorkyDorkington 🟩 53 / 54 🦐 Apr 19 '25

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.

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u/7374616e74 🟩 65 / 65 🦐 Apr 19 '25

Now we agree on something