LogFAQs > #965006841

Crypto proponents need to stop pretending they're doing some kind of stock market alternative. They need to stop using stock market imagery, jargon related to investing comment etc. There is literally no underlying value to anything they're doing.

The entire cryptocurrency ecosystem is propped up solely by speculative trading between investors and sellers. Nothing else. There is literally nothing else to it.

It is straight up gambling, nothing else.

And after watching these Stablecoins (basically attempts to create Crypto hedges) collapse overnight, it should be crystal clear that there is no underlying safety value in any kind of cryptocurrency.

What we saw with Terra Luna is what happens when there's zero liquidity. There are protections for that in the actual stock market that don't exist in cryptocurrency. Mathematically, it is almost an inevitability that any coin that bases its value on another coin will enter a similar death spiral.

And the reason why is because a stock itself has value even outside of its ticker price. Cryptocurrency's value is literally nothing but what people are willing to pay for it.