Message from @Deleted User
Discord ID: 392702264944623626
Not impossible by any means, but requires a strategy
And generally, to add alpha, it is more efficient to use mutual funds or etfs
With bitcoins going to 100 barrel prices, I would sell and stay away
Why would it be so hard to find stocks that can at least slightly beat the market?
If it were that easy, everyone would be doing it...beating the market is basically saying beating company valuations...possible as a one off? Sure. Long term it has been shown not to work.
Valuations are done by very intelliegent people, experienced at what they are doing, and have far more info than 99.9% of investors
Yes, penny stock from the pink sheets could work out, but that is exceedingly rare
Everyone wouldn't be doing it because the stocks would become overbought, but, ya, some of those are good points
The first millionaire from the 49er Gold Rush sold the shovels ;-) True story.
Instead of buying Apple, maybe buy shares in the company that supplies Apple the compknents...that can build alpha
So, here's the thing. Index funds naturally are going to include some obviously shit stocks that drag down the average. So, would it really be that difficult to find something that is at the very least above average?
@Jacob I’ve been able to successfully pick individual stocks for years by watching price to earnings ratios. ETF’s that track broader markets are still your best option most of the time.
I'm not sure I'm agreeing with most of what's being said here... you absolutely can be successful picking stocks 😅
why are we acting like it's completely impossible to do technical analysis and have a successful swing trade lol
or even successfuly mitigate risk while capitalizing on momentum?...
while playing lower to mid cap things with more volatility and having trades that are on a shorter basis you're not going to win 100% of the time, nobody does. You need to have the proper entry and exit strategies so if you do lose (which you will) it's only 2-4%
but when you do win, it can be 3-30% percent or even more
like i said @Jacob join techbud solutions and go in the main voice chat during market open, that can be the best way to learn, just by observing
obviously Google and YouTube whatever you can too
and for the love of god (and your funds) before you even think about using real money... make sure you demonstrate to yourself that you actually can do this right with a papertrading account
👎
Yeah, money sucks
whats this new currency im hearing about
iota or something?
IOTA isn't particularly new to my knowledge
There's probably a lot of shitcoins released every day
i think the main cryptos will absorb the smaller ones
cryptos can't "absorb" each other
I heard that Bitcoin currently consumes the power equivalent of the island of Ireland, and in 9 months is projected to rival the United States. Does that worry anyone?
@John O That sounds unsustainable.
@DCViking exactly. The whole idea that the computing power required to complete each transaction rises exponentially is insane. It's something that occurred to me a year or two ago, but I just assumed I didn't really understand how Bitcoin worked. Now that other people are talking about it, I'm more confident that the whole thing is going to become worthless
I mean, it's theoretically possible for some big brain developer to make that happen, but I don't see what the incentive would be to go through that whole shitshow
I'm trying to visualize how that would even work
Huh?
I'm not talking about absorption
I guess the Bitcoin code could be changed so that more Bitcoin is created, and those new Bitcoin could be split up and redistributed to the holders of the coin being "absorbed", and the one getting absorbed could subsequently be deleted.
oh okay