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Originally Posted by Irace86.2.0
I agree, and I remember watching a video talking about how companies were putting the words blockchain in front of their name/stock, whether they were a cryptocurrency or whether they were making toilet paper, and stocks were surging. Even one guy made up a cryptocurrency with a ridiculous name like GIJoeBlockchainCrypto or something, as a joke, and the coin/stock/whatever was surging because of buyers wanting to get in on early, cheap currencies before they surged, so the guy started acting like, "well shit, this could go somewhere...oh yeah, yeah, we are legit...this wasn't a joke."
I would love to invest early in something, anything, then have it blow up in value, but I'm just not the type of person who gambles with money. I also don't day trade or flip stocks constantly. I'm sure a smarter person could figure things out, but then again, I look at guys like Jim Cramer, and I ask, if I did nothing but follow all his advice, would I be rich? I don't know, but he is probably smarter than me about picking successful stocks, yet I have seen many articles say that following his advice would be a wash or worse. This tells me that playing stocks, like playing crypotcurrency, is like gambling, at least at my level, and I don't gamble.
https://www.cbsnews.com/news/a-stati...s-skill-level/ |
Yah day trading or timing the market is not a great strategy. I always recommend Dollar Cost averaging into a position and Laddering out at set targets. Bitcoin is just a hard money, like gold. It's a hedge and even the worst time to start is profitable. How many investments do that?
https://cointelegraph.com/news/inves...e-a-618-return
As long as you are not in cash and own assets you are protected from the Fed printing dollars at unprecedented rates.
How much do you trust the bankers that created this debt system with ever increasing bubbles? In 2008 people lost their minds at $800 billion in stimulus. We just did $3 trillion and are gonna double down. I'm not a dooms day person but I like to hedge my bets.