LogFAQs > #964966811

Those are companies, not magic Monopoly Money. They make products. Make profits. There's a baseline intrinsic value to them that gives the stock a reason to exist and be bought.

Cryptocurrency makes literally nothing. There's literally no reason to buy it other than other people are buying it. That's it. Nothing else. And eventually the people who get in late are obliterated by the whales who leave.

You know what else has that kind of value?

A pyramid scheme.

You're buying nothing on the sole understanding that other people will buy that nothing and raise the price of that nothing higher. At some point enough people stop making money on that nothing and the price stops going up, then the whales get out and it falls apart. Hence Terra Luna.

Crypto fans are right that they can make a crapload of money. But they're delusional if they think Crypto is anything other than a prolonged speculative bubble.