21H·

When gambling ends up in the index - what's going wrong?

For me, the fact that companies like Coinbase simply end up in the S&P 500 (or $MSTR in the NASDAQ) is precisely the reason why I have less and less confidence in the major indices such as the S&P500, NASDAQ or MSCI World. Sure, the percentage is small - but I still think it's wrong. For me, crypto is not an investment, but pure gambling: based on nothing real, just hype and fraud.

We're sitting in a room full of gasoline (read: overvaluation), and there are people with torches in the corner - so you shouldn't be surprised if the spark lights everything up at some point.

I don't mind paying a P/E ratio of 30 or 35 for real quality - but I wish there was an MSCI World without crypto stuff and meme stocks. It doesn't really exist, but I've built something that at least goes in that direction.

https://www.reuters.com/business/coinbase-shares-jump-addition-sp-500-index-2025-05-13/

13 Commentaires

Tenbagger2024@Tenbagger2024

19H

Defi Technology $DEFI
Has also entered the NASDAQ

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K@TechNav

18H

@Tenbagger2024 oh noooooo

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Marcel@xzxzx

21H

Do you differentiate between crypto and Btc?

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K@TechNav

21H

@xzxzx No, for me they are all scams. Although the technology is interesting, it should have nothing to do with money.

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Marcel@xzxzx

21H

In what way is it fraud? And why should this have nothing to do with money?

I'd be interested to know👍

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K@TechNav

20H

@xzxzx Crypto is basically a scam. New coins can be created every day, and most of them are just there to pump and dump and cash in on greedy people. Bitcoin, Ethereum and a few altcoins were not made by scammers, but they too are now running like a Ponzi scheme.

When the price of gold rises, or the value of a Rolex or a Picasso painting, it's understandable. People really want the thing, so the price rises due to genuine demand. With crypto like Bitcoin, people don't buy because they want Bitcoin per se, but because they hope to resell it later at a higher price. This is pure Greater Fool theory.

Money can buy almost anything, and when I say crypto has nothing to do with money, I mean it shouldn't be a currency. A real currency needs backing from big institutions. There's a reason why they're betting on two percent inflation. They don't want a currency that remains stable in value. That's not how our economic system works and it's not so easy to change. But that's another topic.

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Korni@Korni193773

12H

@TechNav bullshit

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K@TechNav

11H

@Korni193773 Keep buying your digital currency, I'd rather invest in a farm that produces real food. Even if you end up offering me all the bitcoins in the world for a kilo of rice, I'll thankfully decline.

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Bischfrötchen@mitpommes

11H

@TechNav "Crypto like Bitcoin" - Bitcoin has some properties that set it apart from absolutely all crypto projects, things like decentralization and network effect. I would argue that a lot of people do buy BTC because of its features, because they want them. I'd recommend you put some research into what exactly you're demonizing and put it in a bucket with the rest, which is exactly what I would do except for BTC by the way:) Coinbase also contains a lot of "junk", so that's a bit off your post

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K@TechNav

10H

@mitpommes For me, Bitcoin is no different from the rest of the crypto world. They are not real projects. Decentralization is not an advantage for me. On the contrary, when it comes to assets or money, I want maximum centralization. Nobody buys Bitcoin because of special features. People only buy it in the hope of being able to exchange it for more euros or dollars later. In the end, the only thing that counts for everyone is the equivalent value in real currency.

Nobody can do anything with Bitcoin itself. You can't touch it, you can't wear it, you can't eat it, you can't admire it. It's just a number on a screen. And if no one accepts it, it is worthless.

A Rolex remains a Rolex, regardless of whether someone buys it or not. A painting remains a painting. A farm provides you with food, regardless of whether anyone buys it. And a house provides you with a home, regardless of its market value. That is real, intrinsic value.

Currencies like the euro or the dollar have to be accepted by traders by law. And that's the point. A merchant can't just say: "I won't take your euro bills." So I can always buy something with euros, and that's the crucial difference.

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Korni@Korni193773

12H

If you then have no idea🤦🤦🤦🤦

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K@TechNav

12H

@Korni193773 Yes of course, I simply agree with Warren Buffett's opinion, he certainly has no idea either.

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Korni@Korni193773

11H

@TechNav he doesn't have with BTC either. He's a guru when it comes to shares, no question about it

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