>tfw you realize that for one single person to make it to a million there has to be a cumulative million other people are losing
>tfw when nearly nobody will make it because of this
Tfw you realize that for one single person to make it to a million there has to be a cumulative million other people...
>he doesnt know about inflation
Not true
No just don't sell
The economy is not zero-sum.
Yes it is bastard Jew
A lot of dumb pajeets and nigger on this planet
There are over 7 billion people in the world. Are you suggesting that when the world had 1 billion people in it, each person was 7 times more wealthy?
>There are over 7 billion people in the world. Are you suggesting that when the world had 1 billion people in it, each person was 7 times more wealthy?
what the fuck sort of logic is this? how does saying the economy is zero sum imply that?
Imagine being this retarded and trading crypto
If the economy is zero sum, then wealth cannot be created or destroyed. It exists as it always has and can be moved around. With more people, it gets more spread out and ultimately diminishes.
In reality, this is not what happens. Wealth can be created and destroyed, like just about anything.
It's not if you produce something, speculators don't produce, they move money like at a poker table.
i produce memes and wagie tears
no you idiot it is weighted like a markov chain or monte carlo method, distributed probability weights in the randomness
upperclass: 2% has 80% of wealth
middle class:75% have 19% of the wealth
poor: 23% have
Source?
Lmao you're using math concepts you don't understand, pseud
>A business makes 1 million a year which means people have lost 1 million
What a fucking stupid way to look at this. Fucking commie bastard
not really, no
the market dictates the price in a way that doesn't factor in liquidity
let's place it this way
you buy 1k ether at .01usd/ether and sell it to someone who buys at 1k/ether
He doesn't lose his 1Million immediately and it's not necessarily the case that the million is lost. It could also very well be that 1k/eth would be the ground floor for generations to come.
As long as someone is willing to buy it from him at 1k/eth it's not a zero sum thing.
Think art collection and Gold speculation
it's the same thing in practically all financial markets.
the crypto economy is so far though
Holy fuck...... user you've solved it. This explains why almost everyone on Wall Street is poor, except that one guy. Thanks, good work.
I already made it to a million but it's not enough
>tfw to make get 2 rock, nother 2 grug must lose rock
>tfw nearly nobody make mating ritual on cavegirl because you got 2 rock
Crypto isn't a business.
Pic Sauce?