Crypto is a zero sum game

>crypto is a zero sum game

crypto is in "trading crypto"? It absolutely is.

Only a brainlet who doesn't actually know the definition of a "zero sum game" thinks this.

Let me illustrate why you're a brainlet

Person A buys crypto at $1
Person A sells crypto to person B at $10

The price hovers at $10-$11 and person B is able to sell to person C at $11

The price still hovers at $10-$11, Person C is only able to sell to another person (D, E, F, etc...) at $11, the coin is now a utility token and value has stabilized in a highly liquid market.

Total gains: $9, $1, $0

Gains are not zero sum.

according to blockfolio data only like 40% of people win at crypto. thats a shitty win ratio. if a crypto was an online game it would get rebalanced pronto.

That doesn't mean it's zero sum.

it pretty much is, on an individual level and on a macro meta level. there is not enough instruments to manage risk and volatility. people can delude themselves that they will make it but most dont.

The absolute state of Veeky Forums.

you can't actually be this retarded can you?

Math PHD here, you guys are dumb as fuck lmao

a real human bean typed this nonsense, crazy stuff

>A puts $1 into the market by buying from devs
>B puts $10 in by buying from A
>C puts $11 in by buying from B
>Total money put in: $22

>Devs take $1 out of the market by selling coins to A
>A takes $10 out by selling to B
>B takes $11 out by selling to C
>Total money taken out: $22

Do you get it now? No money was created or lost. Whenever someone wins money someone else loses it.

this assumes that the coins aren't useful, the coins gain value because they can be used to perform something value. Otherwise you can call oil zerosum.

No one fucking cares that you paid the gubberment hundreds of thousands for MUH DEGREE. You are still a faggot

>price only ever rises

Have you spent last month in a coma or something?

Doesn't have anything to do with that.
The point is that in the end no more money can be taken out of the market than was put in. That's zero sum.
And in trading that means that threre's always winners and losers.

>bean

absolute brainlets in this thread

I don't know if it's a zero sum game, but it's a zero sum gain for me, for sure.

your first time on the chan lad?

oil is purchased to be consumed. people who trade oil stocks do not purchase barrels of oil to sell on Ebay at a later date.

there are more nuanced arguments to be made, but trading crypto is more like trading futures in that sense, and as much as we can say about potential utility, there is no correlation to the value of the coin. people just like certain ideas better than others, and some projects get marketed better. how many apps do you use that consume ETH?

Basically this. If Donald Trump were to sign an executive order to freeze the price of oil right now... Every barrel of oil on the market still has a buyer willing to pay that price because it will eventually be consumed by society.

If the same were done with Shitcoin... Everybody would be an instant bag holder because nearly everybody who owns it owns it because they are delusional get rich quick investors and nobody actually wants their shitty bits.

some smart contracts consume ETH amd then lock forever tho

notice how I specifically asked "crypto as in crypto trading", "trading" being the keyword here. What happens in regards to marginal utility is unimportant.

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