Sounds like you don’t have much left to say and can’t back up your point, so you get personal.
Sounds like you don’t have much left to say and can’t back up your point, so you get personal.
I don’t understand your argument. Wall street was designed so that you and i could own actual shares in companies. Companies which produce goods and/or services. What is the backing value of bitcoin other than others possibly wanting bitcoin? What backs it other than demand?
I have owned crypto. I have made a lot of money off crypto. But to think it is safer than traditional investing i think is a bit naive. It’s, so far, a supposed solution looking for a problem.
In the short term, sure. In the long term the S&P 500 averages 8%/year for 100 years. I would argue that is a much, much smaller gamble.
Take your free money and put into something with real, actual backing value. Ignore the gambler side - it’s just the devil on your shoulder. This is free money. Let it work for you over the next couple decades.
Bonus: can also be applied to boomers.
That was a delightful 1.5 seconds of nostalgia.
Mike Birbiglia
Lol ok.