Day trading is a popular hobby in Japan, but not usually a profitable one
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Apparently Bitcoin in 2017 has worked as a wealth transfer from US small-time day traders (who got in later) to Japanese small-time day traders (who got in earlier). Nice http://www.businessinsider.fr/uk/bitcoin-could-be-adding-03-to-japanese-gdp-2017-12/ …pic.twitter.com/ugdRZxOMpJ
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Isn't that what stock markets have become, a means of transferring wealth, contrary to intent of investing in stocks because you believe in the products/services of a company? Yeah, proven by various means like mutual funds where your investment direction is determined by another
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How often is AI used to skim off profits in stocks across the boards? And how many AI dev companies are doing this for funding?
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BitCoin: A wealth transfer system whereby some people willingly give their money to others with no guarantee of getting anything in return. Why is it even legal?
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If it rises +1000%, it is hard to see anyone's wealth diminishing badly.
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As noted here.. about same in Jan. 2017 when it was trading at sub $1,000.. nice 14x return for friends of Satoshi..
https://www.coinhills.com/market/currency/ …Thanks. Twitter will use this to make your timeline better. UndoUndo
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