I’ve looked into this, and I think there’s only one crypto coin available as actual stock in (non)coins. It’s a “wonder” to me how they justified approving it as a stock offering.
Blockchain, as a technology, is fine. But the “coins” are sucker (or musical chair) territory. And why isn’t that illegal (or enforced as such)? The US Constitution says only the US government is to issue money.
I did a search, today, and found a very different internet conversational environment from when I searched previously; might’ve been like three years ago. I yet heard someone on a financial channel, less than a month ago, indicating COIN was the only real purchasing of (non)real (crypto) coins via stock. Imagine being misled (although I obviously didn’t buy) with a business channel guest. Ah, well. However, it’s also possible the article (below) isn’t very clear or accurate on what a person would actually have if they “invested” in any of the various crypto stocks (it’s not only a matter of the specific crypto name but also of what aspect of the business [or con in some cases] is actually up for grabs under thethe stock symbol). I do know that not all related examples are mentioned in the article. It remains my opinion, whether the concept of virtual money not backed by the “fed” is legal or not, that buying this type of coin (the coins as opposed to the technology) is not in any way like normal stock which backs a company — rather, it’s even more of a gambling option than usual, despite the pushers incorporating businesses. [I was going to add more consideration about the claimed hedge against the traditional economy, but I clearly don’t know enough about the field to opine on that angle; the “currencies” (in terms of counting coins multiplied by worth) surely do not look promising these days, when people would want a hedge.]
That’s how it is. You go in there like they’re going to help you. It’s almost like it’s not their job. (Advisory: I’m not solely thinking of investment/stock levels/prices. But that is one of the parts to the experience.)
This, That, and the Other 
Oops. It goes up, it goes down. But it will go up again.
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I hope so, Marilyn! 🤞
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… until it (inevitably) crashes.
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Clever…….
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Especially relevant with regard to the great Crypto Plunge.
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I’ve looked into this, and I think there’s only one crypto coin available as actual stock in (non)coins. It’s a “wonder” to me how they justified approving it as a stock offering.
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I still don’t really understand how crypto coins work and the whole blockchain thing.
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Blockchain, as a technology, is fine. But the “coins” are sucker (or musical chair) territory. And why isn’t that illegal (or enforced as such)? The US Constitution says only the US government is to issue money.
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I could be wrong, or it is apparently debatable, about the constitution.
https://www.forbes.com/sites/briandomitrovic/2018/09/07/the-few-words-on-money-in-the-constitution-say-more-than-we-know/?sh=373920605cd2
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https://law.stackexchange.com/questions/19194/why-is-the-us-allowed-to-print-money
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Fortunately, I never invested in crypto.
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I did a search, today, and found a very different internet conversational environment from when I searched previously; might’ve been like three years ago. I yet heard someone on a financial channel, less than a month ago, indicating COIN was the only real purchasing of (non)real (crypto) coins via stock. Imagine being misled (although I obviously didn’t buy) with a business channel guest. Ah, well. However, it’s also possible the article (below) isn’t very clear or accurate on what a person would actually have if they “invested” in any of the various crypto stocks (it’s not only a matter of the specific crypto name but also of what aspect of the business [or con in some cases] is actually up for grabs under thethe stock symbol). I do know that not all related examples are mentioned in the article. It remains my opinion, whether the concept of virtual money not backed by the “fed” is legal or not, that buying this type of coin (the coins as opposed to the technology) is not in any way like normal stock which backs a company — rather, it’s even more of a gambling option than usual, despite the pushers incorporating businesses. [I was going to add more consideration about the claimed hedge against the traditional economy, but I clearly don’t know enough about the field to opine on that angle; the “currencies” (in terms of counting coins multiplied by worth) surely do not look promising these days, when people would want a hedge.]
https://www.marketwatch.com/story/most-big-cryptocurrencies-rise-as-ethereum-rallies-01656684035-a5b0f3bd2bb0
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https://www.nasdaq.com/market-activity/cryptocurrency
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That’s how it is. You go in there like they’re going to help you. It’s almost like it’s not their job. (Advisory: I’m not solely thinking of investment/stock levels/prices. But that is one of the parts to the experience.)
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It made me chuckle
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I will not show this to my husband. Too early!
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Oops! Yeah…
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