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rejon 2y ago

Why are stock markets only open Mon - Fri?

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koby 2y ago

Why are banks closed on weekends and holidays?

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rejon 2y ago

Yes also thinking about this

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rejon 2y ago

It is so hard to live global and transact cross-jurisdiction cross-timezone now.

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koby 2y ago

We can see how antiquated parts of the world are, with #Bitcoin we can see that money. It will be a wild next 30 years

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rejon 2y ago

yes the best is yet to come :)

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Gandape 2y ago

and why do they close at 5? So that people need to use up their holidays if they need to arrange something in person…

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rejon 2y ago

also prolly cultural holdover from Western Sabbath, Mass etc

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koby 2y ago

Very true. On the seventh day God rested. This echos through to today, where most businesses, schools, etc, will close “normal” operations to let people rest. We even call it the “Weekend” as en event to look forward to resting from work

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rejon 2y ago

thankful for time to rest

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DETERMINISTIC OPTIMISM 🌞 2y ago

Don't know about stock market, but futures market probably closes on weekends so farmers can take a break

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rejon 2y ago

Right. Humanity.

How will stock market be replicated with Bitcoin or will it?

I also slightly worry about 24/7 work cycle we might impose on ourselves.

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rejon 2y ago

Because traders work across time zones, the forex market is open 24 hours a day, five days a week.

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rejon 2y ago

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mark tyler 2y ago

People I’m sure will still own parts of companies, and want a way to liquidate their ownership easily. It does seem decidedly old school to ever close though doesn’t it. Also - DIY unfriendly.