Do you disagree? If you're dealing with these sorts of investments, you'd better be educated. Otherwise, just stick with annuities.
Despite my earlier rants, I actually think investing in crypto is purer than traditional stocks. I know when I'm speculating whereas with stocks...everyone's looking to wring retail to dry. People at this moment are still buying the dip. There's a ton of bs being peddled in both channels, but everything in stocks since 08 has been screwy and shifted in the wrong direction. But yeah, in general, when you pour money into a security, due dilligence is...::yawn::zzzzzz
I disagree because the target audience that's duped into this sht have no desire to do research...it's what makes them prime targets for crypto pumps..
Right? I lol every time someone says research crypto and diversify! .....you mean rearrange chairs on the titanic?
These are useful sites for El Salvador and Microstrategy: https://nayibtracker.com/ https://saylortracker.com/
This is true only if you stay in it too long. lol. If you get out early enough.... good Lord, it's basically free money. Of course, now is a wait-and-see game of if it tanks enough to get back in again. I mean stocks have been taking a similar beating, too, but with stocks, I can kind of see a reason for them to always come back. I don't know why crypto tanks, doesn't tank, comes back, or doesn't come back most days -- I'm just there for the ride every couple of years, it seems. But I hear you on wanting to stay away from crypto... I don't blame you.
I was telling someone else the other day the same thing... The key to making money on crypto or penny stocks is to know you are there for a pump every so often, if you are in early, get out when you are up. If you found out from your uncle that it's up, it's too late. Stay out! Overstay your welcome by believing in the hopes and dreams, you end up being a bagholder. You don't need to believe crypto is going to change the world, you just need another fool to believe it. People will forget about crypto for a while...move on..take their loss..a bit later the next pump happens.
That's what I'm saying. If it follows the market what is the point. Transactions with it are expensive so commerce is out.
Or too short. Like any investment. I would probably be typing this from my private spaceship if I hadn't sold my earliest buys, lol.
It depends on the crypto as far as the transaction costs. lol. Market just keeps going down. Xero : BUT THESE CHARTS KEEP CALLIN ME, MAN!
This is what I've been telling maximalists for years and it always just illicits a big harrumph. I'm of the belief that time will bridge this gap though. Either through advancements in technology, some type of government/industry capitulation, or changes in the digital fluency of the populace. Perhaps some combination of the three. The crowd who just wants everyone to "be your own bank" are in denial about human nature and how completely impractical it is to have everyone's entire life savings a few keystrokes away from going poof. Bitcoin's hardcap/deflationary nature does not preclude it from being used as a currency. As far as store of value, I think that will come along following currency adoption. (Note that "store of value" can mean different things to different people so we may not be on the same page with the definition of the term)
Generally what I see is most people don't understand Bitcoin has the capability to be many forms in economics. It in its own unique class. It can be any of these at any given time: Money Property Liquidity Security Ironically enough it makes a very poor currency.
