I will vote NO for this: “The New York Stock Exchange (NYSE) is considering a proposal for 24/7 stock trading, a move that mirrors the continuous trading model of the cryptocurrency market.” The grand scheme is to “keep up with the digital age… The NYSE is currently polling market participants on the merits of trading stocks around the clock, as regulators scrutinize an application for the first 24/7 bourse.”
“ND, I have sold my Bitcoin” – he said.
“What happened?”, I asked.
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“Can you believe that I now wake up in the middle of the night to check the price of bitcoin. It is affecting my mental health”, he responded.
People, if you make trading stocks 24/7, some people may not sleep, and that may cause mental stress in the land. Of course, you can make the same argument for cryptocurrency.
Nonetheless, I vote NO because it is very scary that 24/7 means some crazy guys can cause problems for companies at all times, even when people are sleeping. Unlike cryptos with no balance sheets and income statements, companies are people and things are produced, elevating the risks for investors. That said, this will happen either now or in the near future!
I will vote NO for this: “The New York Stock Exchange (NYSE) is considering a proposal for 24/7 stock trading, a move that mirrors the continuous trading model of the cryptocurrency market.” The grand scheme is to “keep up with the digital age… The NYSE is currently polling… pic.twitter.com/R28QRjUYJW
— Ndubuisi Ekekwe (@ndekekwe) April 22, 2024
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