PepperoniAndFingernailPizza
73055
1721
39
Following my fool proof guide and you'll never lose money!
Don't. Just don't. The only people making money are the dudes that are already rich and get into presales by knowing someone who knows the creator, before the creator of the crypto and the presales sells all their coins and makes money while the average person gets screwed. I have made a little money on crypto only by chance, but I am not rich, far far from it. I just don't want anyone else to fall for this crap.
poppinfresh1988
Ok but that isn't how to make money investing in it, that's just saying DON'T invest in it. I know, penny saved penny earned but... Sorry I'm splitting hairs here.
badmojo23
Many of the big players in crypto are unable to trade stocks because they were charged by the SEC for securities fraud so now their hustle is crypto.
unannouncedguest
I still believe in bitcoin, all the other coins are bullshit though
kurvarVillain
Redoneter593
Reminds me of all the steam guides on how to be happy when playing a specific game, and then the guide says to uninstall said game.
okyouwin
That's funny. Like the guides of how to jump. In games with no jumping.
Redoneter593
arandomguyinbelgium
I would advice you to learn how to invest in crypto. His advice is just plain wrong. Best intentions on his side surely but wrong. Google: bitcoin halving cycle graph. Anyone with a small amount of iq c1n see what he/she needs to do. The reality is this. Most people don't have the patience or steady hands and emotions to follow their own strategy and invest. Investing is a waiting game.
shadolance
It's a high risk asset and I generally encourage people to just stay away. Especially if, like 99.9% of people, they're not willing to just let it sit for a long time.
Personally I've been DCAing BTC at all times that it's been below 50k since 2017. Doing damn, DAMN well now.
And all I've done is fucking leave it alone.
MrBismarck
Redoneter593
spookyactionatadistance
That's what I told myself when it hit 20k, told myself that when it hit 40k, when it hit 50k I said WTH. I put an amount I'm willing to lose and it's doubled. But ya, I would put my retirement money or savings
netutoring
Since it is unregulated and uninsured, it's useless. And it is its volatility which makes it the most attractive and the most bullshit as its stated purpose as a currency. A currency needs to have some degree of stability, or else why would anyone use it? For instance: if I sell something for 100 bitcoins at 100 bucks, I made 100 bucks. If the NEXT DAY (or worse, minute, but let's be generous), the price shoots up by 10x, are you going to be happy you gave me that?
netutoring
Or if it drops 90%, am I going to be happy? No, of course not. So.... why would I trust that currency?
netutoring
There's at least one cryptobro on the site, it seems:P Noticed my updoots dropped. It's always painful when someone pulls back the curtain.
jasonboison
Sounds like someone who lost money? I moved across the country, got two motorcycles, and almost have 21 acres paid off. Crypto is just like any stock trading
ForceKinTim
No1 advice: diversify. Crypto is highly volatile, only invest what you can afford to lose.
VCJunky
trippingthelightfantastic
WrongUn
I feel like this drawn by a person who made some bad crytpo decisions and threw their toys out the pram as a result
BigRobbo
I made a couple hundred quid on Crypto a few years ago.
I bought in just before one of the boons and cashed out at the peak... I was lucky that's it. had I held on a few more weeks my money would have been gone.
CPMFP
Been slowly investing for 9 years and I've made $75k. Just because it doesn't work for you doesn't mean it's a scam.
owlcatsanctuary101
How much did you invest?
CPMFP
About 14k. I put in about $60 every two weeks for the first 6 years then started putting higher variable amounts.
BambooMan744
I did make about a grand trading on futures for bitcoin. I stopped, it’s pretty much gambling. It’s not sustainable.
makesense
I invested a small amount 7 years ago. It just recently finally got ahead of what I bought it at.
Crypto investing is gambling. Like regular gambling, never gamble more than you can afford to gamble. And know that you may lose. If losing bothers you, don't gamble.
ActionJohnnie
Invest in coinbase and make money off the infrastructure the suckers buying coins use.
dextarrogue
Not a scam unfortunately people who don't understand it think it's a scam. I've madeoney with a couple of different coins. Think of it as stock trading and ways to move money that the government can't trace.
They want you to be afraid of it. No paper trail is bad for them.
I sold Bitcoin at 73k, it's now worth 95k.
Literally no different than buying stocks. You don't have a tangible asset, you just have a paper now more commonly digital asset. Just no paper trail.
Squossifrage
Just because you made money doesn't mean it isn't a scam. It just means you were on the side of the scammers.
dextarrogue
Again, because you don't understand it doesn't make it a scam.
Remember the guy who traded 10k bitcoins for two Papa John's pizzas. Had he sat on it for 15 years, he'd have been nearly a billionaire. Nobody could have predicted it, just like nobody can predict if a company is going to succeed or fail.
Squossifrage
Just because I disagree with you doesn't mean I'm uninformed.
All cryptocurrencies and related technologies based on permissionless distributed ledgers (commonly but improperly known as blockchain technologies) are scams.
dextarrogue
You disagree with me and I see you have the definition but what exactly the scam/fraud?
Scams and frauds are intentionally designed to gain from people unfairly. It does not mean you'll put money in and get more money out. No different than a casino.
Now the caveat is there ARE some coins intentionally made to be fraudulent. People who don't understand what they are doing and lose money, will also call it a scam.
If you've been holding eth since July of 22, you've almost tripled your money.
dextarrogue
And yes, this is literally no different than owning stock in a company. The company folds, you're screwed. Company does well, you make out like a bandit.
Crypto removes Uncle Sam from the equation but also removes your protections.
woozle
it's a scam
magicrhombus
Literally this. Almost completely unregulated, which is the attraction to most of the idiots who somehow don't realize that regulations are there to fucking protect you from hundreds of different types of scams.
JustSomeDoodWhoWantsToUseThisWebsiteToInteractWithFellowPeople
But...but...."trust me bro" just HAS to be sound investment advice.
ontarioOT
Enoan
The math behind it is cool, the ideology is caustic, and the entire community is scams all the way down. It is possible to make money, but you are far far more likely to get fucked over even if you're trying to be careful.
senseicombs
The ideology was great. It was to give control of the value of the coin to the people and to stop the governments from tracking your every move through your purchases. We see today what data tracking can do, like influencing a nation to vote for Trump. Bitcoin was a good idea, but the government is getting control of it bit by bit. Once they can track your purchases through bitcoin and eliminate cash purchases, everything you do that costs even a penny will be recorded and tracked.
Enoan
Uh, the literal best feature of cryptocurrency is that it is 100% documented, it is literally impossible to do a crypto exchange without it being recorded. The only anonymous part is "who has control over the accounts we can all see exactly how much money is in"
senseicombs
Now it's harder to not be linked to your account and thus pay the taxes for gains and losses but there was a time it was impossible for the government to make you pay taxes on gains and losses because they couldn't know which account was yours. I mean, drug and arms dealers used bitcoin, and may still for all I know because it was anonymous. It allowed people to do things without the government knowing your purchases and habits. Do you disagree?
gesel
Partially. It is transparent and always has been. Obscurity comes from careful opsec, and yes terrorists and people smugglers and con artists use it, like gift cards or 2nd Life virtual goods, for significant financing and money laundering. An excellent relevant investigation is well told in The Economist's Scam Inc. podcast series.
anonymous
It's only a scam if you lost money. I bought $12K of BTC during COVID when the price was at $20K. That $12K is now worth $60K.
wadatahmydamie
It’s still a scam. People make money on scams literally all the time. It’s the entire reason for scamming.
NervousAstronaut
The way I look at it is, it's just like investing in the stock market, only more volatile. Before entering, you should be aware it's a game. This is a given. You can make money as long as you're in a position to wait for the frequency of gains and losses to be in your favor. Yes, there are those more privileged than most, who have access to stocks we won't and have access to information about the crypto market we won't, but you can still meet a financial goal if you're careful playing the game.
wadatahmydamie
Absolutely not. Buying stock means you own a piece of an actual company. Buying crypto means you’re either already wealthy or a complete schmuck.
Xenarion
Bitcoin was started on good intentions, but quickly got taken over by speculators so it now is. Every other crypto currency is likely a scam.
technicalfool
Given nobody knows who actually made BitCoin beyond a nebulous Satoshi character, I'd doubt even that.
TheWombatStrikesAgain
It's a gamble at best, a scam at worst. And never a safe investment.
ianrl337
Also one day the idea of blockchain will be cracked. Probably using AI. Once it is 1 person get very rich, then all crypto is worth 0 day 2.
BennyGaga
Yes that's my plan but you didn't have to put it out there for everybody to see.
Tarmaccian
If the blockchain technology is cracked, that also means a lot of other things will be worthless, first… like almost all current computer security.
The cryptography behind cryptocurrencies is sound. It's the "currency" part that's absurd.
alsoAzrael
There's a lot of technical reasons why it's not amazing as a currency, but also some interesting benefits. Unfortunately, it is *perfect* as a scam vehicle. Tailor-made for rug pulls. It's not even illegal to scam people using it.
MagicBeets
That's the best part of all these stories. Sorry idiots it's not actually illegal! Jesus Christ
BitRoyal
The only way I could see the blockchain being cracked is some sort of overnight leap in quantum computing that is kept under wraps. Increase in key complexity as computing power slowly increases is baked in.
Valkor
my advice on the topic: give me your money instead. i guarantee that i'm a better investment in your financial future than a grifter.
Mostlydeadpool
most investment advisors can't beat the return of an index fund. so, yeah, unless you're doing something shady, paying anyone else to manage your money is just losing money.
slayston
I've made bank on crypto....off an on for the past 5 years. It's not hard to do honestly..
RuKosopaty
Treat crypto like gambling. If you can go into casino with spare 50$, spend those 50$ and nothing more and have fun doing so, you can try doing the same with crypto. If any of those doesn't check out, including "having fun" while spending those bucks, then fuck off from gambling. And no, having 50$ in your account is not equal to having "spare" 50$.
HuruinaInu
"How to make $1,000,000 in CRYPTOCURRENCY!
Step 1: start with $10,000,000!
doccynical
Like a restaurant, boat, or horse?
JDCollie
Ah, the Donald Trump approach!
HappyBanjoGuy
Or “I made a small fortune in crypto. Unfortunately,
I started off with a large one.”
onlyhalfghost
step 1: find a bunch of dumbass techbros, step 2: get them to buy into your cryptocurrency, step 3: go somewhere else with the money
SkinnerTBD
How to invest in crypto: Buy 100 bitcoin in 2009. Sell it in 2021.
Telemapus
Currently looking at the full chart, the best time to sell was December 4, 2024, when it hit USD$107. The 2021 high was $69K (inflation-adjusted, about $76K today)
spazztastic
Can bitcoin keep rising?
gesel
Yes, of course. As long as people believe it can. There's no market fundamental that makes a bitcoin worth anything or nothing. If you had a lot of cash and some insight into the offer depth, you could buy all the BTC being offered and then bid $E⁶ for one more. In practice, if that close happened much more btc would be offered but the premise is the price is arbitrary, set by the highest bid past offer volume and there's no mark-to-market reality check: it is pure, unadulterated bubble.
neffstradamus
I went to a btc meetup about 2 years ago just to chuckle silently at these loonies. Btc was 15k at the time. This world is full of fucking morons so I think some exposure to flagship crypto isnt a bad idea seeing its up like 6x since then.
M34665
alternatively place 5-8th place in a SC2 tournament 14 years ago and hold on to it
[deleted]
[deleted]
CyberHexx
Sell it in small batches.
Blud4BludGod
Got it. Buy a few thousand dollars worth of bitcoin in late 00's while it's worth pennies a coin, then offload it all in chunks around what... 2015-ish? When "bitcoin mining" is entering mainstream dialogue, it's starting to hit like $500-$1000 a coin, and people are buying it up as fast as they can.
spookyactionatadistance
I don't know what you are talking about. I can buy and sell BTC through an app. You don't have to sell one whole BTC. And its 1
95k now. I generally stay away from it. I can buy 10$ of BTC which is 0.0001 BTC
Telemapus
No you don't. Coinbase will happily buy it off you. There are hundreds of exchanges now. Here in Australia they are regulated (though a bunch of shady ones did just get busted so do your homework). Also the current price is $93K per full Bitcoin but you know it divides into 100 million "satoshis" right? You don't have to sell whole coins at once. And finally, the current price is 89% up since this time last year.
CerisCinderwolf
I will never "not be annoyed" at myself over this. I had downloaded the mining program at the time and didn't take the ten minutes to figure it out. Could easily have had multiple BTC per day/week at that time. Utterly ignored it until 2019 and by that point Bitcoin mining is really near-unobtainable without mass amounts of miners/gpus.
CheetoDustedMalcontent
Most of the early mined coins were traded on an exchange: MTGOX, which failed and wiped everyone out. Similar story for other early exchanges. Chances were that you would have lost what you had on those, or sold when the price hit unlikely highs for the time.
sebert81
Yep, been there. "Nice theory" I thought. But why bother?. Even bought some (~10 BTCs) for under 50$ a pop back in the day to pay some stuff on Fasttech (PayPal was blocked). If I only knew back then....
Anfalicious
Me too, let it go, it's not healthy. Assume you woulda lost it all in one of the scam exchanges (ie all the exchanges)
jesuisgur
Same, I heard about Bitcoin within a month of its announcement and I thought it might be a good new exchange tool. I downloaded, compiled and ran the program for 2 days. Then I thought it hadn't mined anything yet, so I just stopped the service. I reran it 10 years later on the same wallet to see if there actually was anything in it (I hadn't really checked) and after a week of 100% CPU it still hadn't caught up !
TheN8
I turned off my bitcoin mining programme to run SETI instead. You could mine a few BTC per day back then.
ReacherEriee
I thought about buying some back when it was pennies, just in case, and used to kick myself for not doing so. But then I realized I would have sold before it got crazy, sure a couple extra thousand would have been nice, but I would have gotten nervous and sold before it topped for sure, so I take it easy on myself. It's not my scene.
crypticorb
okyouwin
Create a bunch of empty wallets first!
MyDragonHeartedSpirit
Sorry, my leatherworking's shit.
Is store bought okay?
okyouwin
The tooling on your switcheroo is second to none, however.
coloredgreyscale
Cross out bitcoin and write dead on it. Then there is a story why you throw out the hdd ;)
isetprettygirlsonfire
Spend it on hookers and blow. At least you'll have a good time losing your money
BeaverOnFire
chiefrunswithscissors
Know a dude who made a couple hundred grand and blew it in a year on exactly this 😂
CompressedInfo
Some of my favorite investments were in hookers and blow. Got exactly what I paid for
IndigoThursday
Not always, my friend bought a pack of zopiclone with bitcoin, and whatever those are they're definitely not zopiclone
michaeloberg
You can never lose!
Eldibs
Skip the blow and you can get more hookers.
lightfoot2
Honestly: Fair. Technically any "special" coin is a scam, they do "pre-mines" like Trump did (90% of the coins are his) or Melania (50%). Bitcoin itself has no pre-mine and is probably the most "fair" coin out there at the moment. The big advantage is the Govt can't take it from your account if you hold it yourself. Look into it, but do not trust any shitcoin.
ThingsThatDontJustifyGenocide
Ignorance is fun, isn't it?
Bitcoin isn't "premined", no, but you know what it is? Historically unpopular and mostly horded by a small number of people who gambled and got lucky, or massive institutional investors who are gambling and hoping to pull out before it dies.
It's a bad system that wastes so much energy and it absolutely sucks.
Telemapus
In the investing world they call comments like this "talking your book".
c0i9z
'Talking your book' is when you hype an investment you already own. This is obviously not that.
Telemapus
In crypto it also refers to people who have no position, as well as those who are short.
c0i9z
So literally everyone.
slayston
Those coins aren't mined at all but I'll just assume you're dumping it down for folks here.
lightfoot2
Correct, and yes I am.
KarmaciouS
I've read so much bs in this topic I'm not quite sure I want to respond, but here is a few things:
- no, cryptos are not scam, gambling, nor they are going to 0.
Here are some truth about cryptos:
- 95% of investors lose money. That's because you can't win if you don't educate yourself about finance
- yes cryptos markets are manipulated, but every stock market is too. You need to learn how if you wanna win
- you got to invest a lot of time in learning, nothing comes like magic
(1/2)
KarmaciouS
- it's a long process, cycles are about 4 years long, if you can't wait you'll lose
- leveraging if you're a causal investor is a 100% garanteed lost
- most of cryptos are shtcoins, you don't wanna invest in shtcoins, so before investing in a crypto you need to research about what you're going into
- you may want to buy data from people who analyse every single oportunity on every possible aspect of it
I'm part of the 5% of people that wins money with cryptos. This is no game. Educate yourself
anonymous
Thanks for sharing some truth in this thread. I reported the post for fake news. You probably should too.
TitaniumCarbide
How much money you started to invesr and how much did you make since ?
IgnisInvictus
I made a couple hundred on crypto a few years back. Basically, I gambled with $400 and walked away with $600. And to do that, I had to watch a computer screen like a hawk for two days. The second it started to downturn I sold everything.
I will not be doing that again. It is literally gambling.
DaveSamsonite
It literally IS.
ExTechOp
"Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are pump and dump schemes, while others are pyramid schemes. Others are just standard issue fraud. Others are just middlemen skimming of the top. Stop glossing over the diversity in the industry."
— Pat Dennis https://twitter.com/patdennis/status/1518637225789042688
080080
i bought into BTC back in 2017 when it was $10K. the $2K i spent is a touch under $20K now, on paper.
dyac
I bought it when it was $350, then more at $1k. Sold it at about $450. Ahh well. Haven't touched it since.
blainetog
It's literally a Ponzi scheme.
PleaseRespectMyAsshole
I bought $70 worth of shibcoin (like, 6 billion coins) and sold it for $450. I won't do it again.
CerisCinderwolf
Nice! I considered buying in but then realized "i never have my pc and home server turned off so why not set my GPU cards mining?" Did that for etherium whenever I wasn't gaming and ended up making about $1500cad over the span of a year and a half. It paid for a large board game kickstarter and covered the overpriced portion of a new rtx3080 (because companies were scalping by that point).
lorakaine
Oohh which board game?
CerisCinderwolf
It was the Kickstarter for Massive Darkness 2 by CMON. They actually have a new Gamefound running now for a standalone expansion in the series AND and RPG in the universe as well! :D
lorakaine
I'm embarrassed to say that I also backed that Kickstarter (and the first one), but I have not yet played the game 🤦
CerisCinderwolf
No need to be embarrassed! I've played the first a few times and absolutely loved it- I missed the kickstarter at the time so I had to collect the extras piecemeal. I even picked up a laser-cut wooden organizer for it, labels and all.
I haven't played the second yet since I want to finish the first campaign.
But.. yeah I'll be jumping on this third KS too 😅
livingonagiantfireball
I invested 12500$ in crypto, bought it 2 years ago a d never did anything with it, its now worth 22500$, im leaving it there if i ever need money.
IgnisInvictus
Honestly? With the volatility of crypto, I'd take my initial investment of 12500$ out, move it into something more stable, and leave the rest there. 22500$ is a little too much to have all in one basket.
livingonagiantfireball
I have investment elsewhere, as well
IgnisInvictus
Good call. Good luck!
spiceass9000
Ya it’s absolutely gambling. Anyone who thinks otherwise is an idiot. That being said it can be a pretty lucrative way to gamble. If you wanna watch the screen like a hawk and are ok having zero fun doing it. But it’s gambling.
ComicSansHumor
I bought 20000 doge as a gimmick prize for someone for like... $1? He did not claim them. I asked him again a few years later. He said no. Sold them for $2k.
Waidonut
People also forget that time is money. You got very little return for the time you put in
WrongUn
What time? If you DCA and set up $X to buy whatever asset you want every month automatically it does it all for you. That takes 5minutes. I'm sorry but what you said is simply not true for many
TheBlueMuppet
Same, I got $1220 out of $1000, lol. Took several years, but right after I took it out shit dropped. It's way ahead now, but my only feeler is that I had $0.47 left in Algorand and right now it's... $0.21. so, in around 3 years, I lost more than half of my money!!
eetsumkaus
My roommate told me about the paper in early 2009, so I literally had the chance to mine one of the original blocks...
ThingsThatDontJustifyGenocide
Ah, but if you'd held onto it, it'd be worth more, now.
Or it could have crashed and died.
Because it's literally gambling.
okyouwin
Decided that about $ trading too. My bank offers a USD balance account. I could move $ to CAD or USD. To make any money at it, the exchange would have to move 6 cents either way to cover their skim. Just before the US election, I was "this" close to opening an account & putting some money into USD, hoping the USD would climb, or buying more if CAD improved against it. But not even an event like that was enough to justify feeding sharks, and even if it did, how often would I trade? Rigged game.
ThingsThatDontJustifyGenocide
The real way to make money in investing is to be the institution that charges investors fees, or sells their trade-data to large firms so the firms can sneak in a trade ahead of the investors.
senseicombs
Bitcoin has made a ton of money. When I first heard of Bitcoin, it was selling for .06 and now it's over $100,000. I mean, it's a risk, but it's a lie to say it doesn't make people money. Lots of people buy stocks and leave it in there for years. If you bought $1,000 of Bitcoin 10 years ago, it'd be worth $270,665 now. If you spent $1000 in 2009, it would be worth 103 billion. That's not a bad risk vs. reward situation.
BananaForScaIe
It's a gamble. I've had this debate on stage at major universities, that if you can't quantify the return, it's a gamble.
Gambling isn't bad. I used to be a semi-pro blackjack player. But I'd never recommend blackjack as an investment.
senseicombs
All stocks are a gamble by that definition. Because you can't quantify the return of any amount you put into a stock. I do believe all stocks are a gamble. But there is no investment that I am aware of that is 100% guaranteed. Even bonds depend on the nation that issued them to remain a nation, and we all nations fall. Investing is a gamble because nothing has a 100% quantifiable return.
BananaForScaIe
Nobody said guaranteed, that's what building a financial model IS. There's probabilities built into it such that you can always quantify your downside risk.
If you don't know how to build a financial model for an individual stock, then you shouldn't be buying stocks, because yes you are gambling.
senseicombs
If there is no guarantee, then you don't have a quantifiable return. It's all Schroder cat.
Also you don't need to know how to build a financial model to be a responsible investor. Like me, you hire a financial advisor whose soul job it is to determine the best place to put money in the ever changing market. I would say you can't really be a responsible investor unless you hire an advisor or spend an equal amount of time studying the market. A full-time job. Even then, it is still a gamble.
InTangier
The issue is that the ship has sailed, mostly, for the average person. You buy in so folks can cash out at record value. It's an insane bubble, and I'd rather not let FOMO leave me picking up the tab so some crypto bro can buy a Ferrari with the money I actually worked for.
senseicombs
Yea, it's a gamble, as are all investments. And it might keep going, and it might burst at any moment. There are much safer investments, but the risky ones often ha e the best returns if you're lucky enough to pick the right one. I wouldn't bet that the ship has sailed anymore, and then I would bet it's going to be around for the next 10 years. But if a country adopts it as an acceptable currency, which has been considered, it could grow by thousands of times bigger. Who knows, though?
InTangier
The thing is, the currency angle has been pretty much abandoned except for some more u savoury transactions. Too energy-intensive for little benefit, little stability, little returns for the people actually mining at this point. It's good as an investment if you bypass its inherent issues through exchanges, etc. But transactions suck, and if it wasn't for exchanges, it wouldn't be viable for trading except on a longer-term investment.
nicelyvillainous
Yep. The fact that your lottery ticket won, doesn’t mean it wasn’t a gamble.
Even if you think crypto was inevitable, there’s no reason to think that Bitcoin is the one to take off. It could have been ETH or whatever. And this time next year, it could be at zero because of a new AI technique being discovered to spoof the blockchain, and some other coin could be at $30k instead.
ImNotStalkingYouBTWYoureOutOfMilk
You would need at least 110% of the current processing power of all miners to actually do that (aka perform a 51% attack)
senseicombs
Well, about half a million stocks have went under since Bitcoin started. Bitcoin out preformed the NASDAQ by 10x the earnings in the last 10 years. And if you invested in IBM when it started, you'd probably have done pretty well there, too. But who knew then? Inveating in stocks or Bitcoin is always a gamble. But so far, Bitcoin has made more and is still here, so historically, it's been a good investment. AI might be the next great investment? It's all a risk.
InTangier
While the ecosystem is still alive. Wall St is pretty deep in BTC, AFAIK. How long until the ecosystem loses everyone's trust? Every other day, you get a rug pull that erodes interest in the entire crypto ecosystem. You still get people buying into the BTC Ponzi scheme, but for how long? I believe folks are right to be sceptical.
senseicombs
Oh, I do, too. I am skeptical. It's a very risky investment, but the risky ones are often the ones that can show bigger returns. But they are also the ones that often go under. Even in stocks, you have blue chip stocks and high-risk stocks. But since BTC has outlasted most of them, I would award it some points for that, at least. It certainly is a risk, but no one can really say it hasn't made money or that it won't continue to. It's unknown. I would only invest what I could afford to lose.
nicelyvillainous
See, that’s a false equivalency, which is my point. You are comparing all stocks to a single particularly successful cryptocurrency.
What percentage of stocks went under in the last decade, vs what percentage of crypto coins have dropped to basically $0?
The difference between gambling and investing is whether, on average, the value of the assets goes up as a whole.
Stocks pay dividends each year, the companies actually make money, it’s not JUST demand driving price up. Bitcoin doesn’t.
nicelyvillainous
The way you are talking, Red on the roulette wheel also might go up.
If you bought a tiny share of every crypto available, will you make money most years?
If you bet on both red and black on the roulette wheel, will you make money most years?
If you buy a share of every stock on the exchanges, will you make money most years?
Gambling, gambling, investing. Does that distinction make sense?
historycat
Gambling where wealthy people can manipulate the outcome.
kickmyballsrealhard
Soooo the stock market?
zeiji
so, gambling.
casualgenderquestion2718
copium if i’ve ever seen it, officer
UnoriginalPieceOfRepeatingShit
So a casino
zsefvgb
Casinos are largely quite fair and consistent at least
dposton70
Exactly.
In most places, they have shit-tons of regulations that force them to be transparent.
The odds are still stacked against the player, but it's all "on the level" (no stacked decks, loaded dice, etc.)
okyouwin
A casino where the high rollers influence when the odds change for you, and the more they fool you, the more they make.
onlyhalfghost
so the stock market
theworldcouldbeflat
Stock markets have controls so that doesn't happen "allegedly" most don't even do short selling.
theworldcouldbeflat
Basically cryptocurrency owners are doing all the scams stock markets usually stop.
SalmonTheWise
But even less regulated if you can imagine such a thing. It's for finance bros that feel they missed out on subprime loans bubble bursting and subsequent financial crisis.