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by colesantiago·5y ago·view on hn ↗
> Gamestop is clearly an exception.

Your argument is "Cryptocurrencies are dumb, i'll just put my money in stocks instead" which not only young people also put their money in, but are also just as risky and subject to high volatility as well?

> They're not used for anything other than speculation, crime, money laundering, scams and BS like NFTs and cryptokitties though.

So they are also not used for a save fast way for money remittance? You're forgetting that lots of companies and countries are adopting cryptocurrencies.

> Not sure what you're saying here. You think regulations are going to send values higher so they're smart getting in early? Or you think they're smart taking advantages of all the volatility before regulation puts a stop to all that? If the first then you're wrong. If the second then you're just encouraging gambling.

And putting your money in stocks involved in SPACs isn't gambling?

1 comments
> Your argument is "Cryptocurrencies are dumb, i'll just put my money in stocks instead" which not only young people also put their money in, but are also just as risky and subject to high volatility as well?

Not sure if you're being serious here because it's widely acknowledged that they're nowhere near as risky or volatile as cryptocurrencies!?

> So they are also not used for a save fast way for money remittance? You're forgetting that lots of companies and countries are adopting cryptocurrencies

I'll grant you that XRP's cross border remittance use case is interesting (in fact XRP is the only crytocurrency I've held in the last 4 years) but it is such a small proportion of what is going on.

> And putting your money in stocks involved in SPACs isn't gambling?

No. It's investing. There's a difference.

> Not sure if you're being serious here because it's widely acknowledged that they're nowhere near as risky or volatile as cryptocurrencies!?

So penny stocks aren't a risky volatile asset that are listed on stock exchanges!?

> but it is such a small proportion of what is going on.

Is it though? Why are Visa, IBM, Paypal, Square and even Apple looking into and have started to work on cryptocurrencies then?

> No. It's investing. There's a difference.

Is it 'investing' to put your money on a stock only for it to tank over 20% in a course of a week? We both know what that's called and that is not at all investing.