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Joined 1 year ago
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Cake day: June 24th, 2023

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  • These are literally the worst investment possible, because all the value comes from speculation (people buying them to get rich quick). As soon as those buyers get spooked the cones crashing down to zero. With something like a share in a company, that entitled the holder to partial ownership of the company. Even if the company goes bankrupt, you would still get a share in the former assets of the company. You can of course lose money if you buy at a price that is much higher then the actual value due to speculation, but this is limited by the intrinsic value of the company’s assets.