Is crypto worth it?

no

@PainSeeker5 yes..

I'm not autistic, our ideology is pretty well fleshed out.

yeah, sure

Just gotta read a bit.

I got 2 no and 1 yes

It's so insanely volatile

Ik

you never know whats gonna happen

you can actually statistically backtest

and have a reasonable plan

Buy 1 ethereum now and thank me after 20 years

My dad’s argument is that bitcoin is a limited supply due to the cap

buy link

My dad has some ethereum

My dad thinks Bitcoin is the blue whale game

i bought BTC at 8.5k and It went to down to 6.5 fuck that

bitcoin is prob going to crash

ethereum's tech is better

bitcoin was just there first

It was 6.7k when my dad bought it last November

ah

He didn’t sell it when it was 20k

Sad

it went down in price..

Sad!

It's still less in price compared to what it will be in a decade

It was only 1/4 of a Bitcoin anyways

I would prob invest in the S&P 500

in the long run its good

Who would actually invest in bitcoin lol

Get real money

ikr

😪

Eh you really cant say which cryptocurrency is going to be used in a decade

Cryptocurrency won’t be used

S&P 500 isn’t as good anymore

The number of coins is fixed so it will grow in price as demand increases <:wesmart:359946049588166657>

oh its always good

returns

like 10% average

>thinking "cryptocurrency" is actually a curency and not a Bullshit Hyped Stock created as a scheme by its inventors

<:brainlet:404155381359706132>

it's based on the tech

literally a stock

think of it like speculating on the value of a microsoft function software or somethinh

the accumulated value of a project is quite high

hence why limited supply

Whats gonna happen is all the big dogs at wall street are going to sell BTC all at once and people like you and me will be stuck with a worthless currency

Who cares about its uses as long as I can put money and double it lmao

if you buy crypto

coins are intrinsically priced at the ordinal utility of the tech

Precious metals are always a safe bet though

Precious metals 🤔

No risk = invest in gold

Unless we find out a way to actually prove alchemy

Which is not very possible

eh its inflation proof

which is good

^

@PainSeeker5 not necessarily, I used to trade gold mining stocks all the time based on the fluctuations of gold price early morning

We used to have the gold standard

*goes to sleep*

But then it changed

actually the comex opens an hour before markets

HMMMMM

so there's an exploitable inefficiency

but actually investing means to invest stocks bonds etc

if you're smart

its really sad how much the fiat system has taken over

NATO took down libya for wanting to back to a gold standard, for christ sake

If I’m smart

Then what

eh the USD is tied to Oil pretty much

gather price changes early morning for gold, windsorize the extremities, then run a GLS regression on a set of prices and find covariances between them

then find an inverse set of stocks

and there you go

look up 1974 Saudi Arabia deal

@Thule-Gesellschaft [☩] you make it sound simple, yet I don’t understand any of what you said

Sad

I just taught you how to make ~500-1000 a day in markets if you have around 30k

just google it

Imma screenshot it

the concepts aren't that complicated

If it was so easy anyone could do it

the ¨just graduated college and i know how to play the stock market¨ phase

which isnt the case

im kidding but

we all have those days

Google what exactly

lol but I knew how to do it in college too

anything you don't understand?

That makes sense

I'm 16 rn want to get a part time job and invest, what do you guys recommend i invest in

how much do you have to spend?

like 250$ a month

lol you need at least 5k

eh if i do it every month