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

Tfw threw $$$ into crypto and stocks without any research and have made a few hundred dollars

👎

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

https://youtu.be/ivWqqfzunhI

@Jacob thats my concern. it seem like the .com bubble

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

@Jacob Is that how all crypto works, or just Bitcoin?

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

I'm talking about computing power

It sounds to me like it's either bullshit or overblown

It's not like Bitcoin transactions just hijack power from unsuspecting bystanders, the computers on the network have to supply that power

Large transaction fees are a problem, though, and I think Bitcoin will eventually be replaced by something with less insane fees and faster transaction

Of course not, but when the computing power required to complete one transaction is more expensive than the actual Bitcoin is when it will fail

oh, so I guess what you're asking is basically about transaction fees

ya those are an issue

It should not cost 16 fucking dollars to send money

More just the feasibility of an ever growing demand for power

Exponentially growing