Why Bitcoin Is a Scam

[MitchGola]

hello!!!!!!!!!!!!!!!!!!!!

[StoicJ]

I was curious as to the price of bitcoin versus Amazon stock over the last 5 years.

Amazon was ~$86 in July 2018. At ~$130 today. Up about 50%?
BTC was $$6706, now $30503. 
Amazon's P/E is over 300.
Just some fun facts.

[Ronald_P]

A lot of the smaller market cap crytos are similar to penny stocks. If enough people buy all at once the price will jump fast. It's a dog-eat-dog world out there with those cryptos kinda like the movie The Wolf of Wall Street. Lots of rug pulls to watch out for. 

Stablecoins seem like a good idea. As Steve said, there are some reasons why you would need to move money from one point to another, and having a cypto with a stable price would be good for those types of transactions. Usually, a bank will only need 10% reserves though a stablecoin will need a much larger reserve to handle withdraws.

I like gambling myself and watching markets so the crypto market is pretty fun stuff to watch.

Defenetly stablecoins. Stablecoins offer a more stable value proposition, making them suitable for transactions requiring consistent pricing. Unlike traditional banks, stablecoins typically require larger reserves to maintain price stability and ensure liquidity for withdrawals.