Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment - eviltoast
  • dezmd@lemmy.world
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    1 year ago

    GOOGL, AMZN, BIIB, EW, META, none pay dividends but are still generally considered sound investments (META’s bullshit forced VR pivot not withstanding).

    My portfolio has grown less from dividend stocks (with automatic reinvestment) than from growth stocks without dividends. Your entire positioning argument itself quickly becomes speculative nonsense the more that time passes.

    Crypto is volatile and most of it is vapor ware, but as a flip side to that same exact coin, most stocks are volatile and the business plans are vaporware crafted from few centuries of practice taking peoples money. It’s all a shell game of belief, don’t get too lost in belief to see real trends and changes as they are happening.

    There’s also considerable strategy differences in terms of making money with investments versus protecting money with investments, and you’d really have to preface an argument with enough context to make it particularly valid over another.

    • aesthelete@lemmy.world
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      1 year ago

      My original point (and the one I still insist is true) is that owning shares in a reputable company and “investing” in the latest shit coin aren’t the same thing for a garden variety of different reasons, but the conflationary engine that is your average crypto bro wants to pretend they all are.

      And that’s leaving it out that one way that the overall stock market differs from crypto greatly is that the government can, has, and likely will continue to take actions to prop it up.