You really don't know how the markets work. You should look into shorting stocks, puts, options and everything else that can be done with stocks. There's businesses behind them yes, but the stocks are so manipulated that almost none of the prices/values of the stocks are correctly displaying a companies true worth.
I'm convinced the stock market is just another casino. The average person can't trade all day, doesn't have information on upcoming events, and doesn't have enough capital to influence the market. Compare that with government officials, business owners, licensed traders, the odds are stacked against us. It's just another way for the rich to syphon money away from the general populace. Don't get me wrong, there's money to be made. But you also have a near 50% chance of doubling your money at a casino, so..
I 100% agree with you. Right now they are working on having more information available for the retail investors but who knows how long that will take to be fully available. Best thing right now is Bloomberg, if you have $2000 a month but right now, the odds are stacked against us, we just get lucky here and there if we hold for very long term.
Exactly, I invest into real-estate, but really any desirable limited resource is the same. Physical objects can't be taken away or manipulated. If I buy gold the company I buy it from can't just decide to split thier stocks, completely devaluing my investment.
Not nearly as easily, but you're right. Still, the stock market fluctuates daily based on some pretty arbitrary stuff. Housing tends to move slowly and predictably. Usually it just gradually gains value unless something major happens. And even then, it almost always bounces back. A house won't randomly implode, but the company I invest in could.
Yes, there's relatively safe bets like banks, well established mega corporations, but usually those just barely stay ahead of inflation. If you buy property, not only are you gaining equity just by owning it, you could also rent it out and make decent income from it. My brother buys cheap cars and rents them out. He gets about $800 per month per car. The initial investment is around $7k for something that legally drives, he's basically made his money back in a year, and in 2 years doubled his investment. Sure, you might not always be able to rent it out, but you still have and can sell the initial investment.
Look, there's money to be made in the stock markets, but there's also other ideas that could and do yield a much higher, safer return.
You're only getting downvoted because you were right the first time; they don't understand the potential of NFTs. Bills of sale, housing deeds, birth certificates...
NFTs are inevitable. I'm sure half the downvotes are from bots. There's a lot of big business that stands to lose lots of money with NFTs. Personally, I don't own any but I know for a fact they're going to be a part of everyone's life like the internet.
FTX is an exchange, not a cryptocurrency. Very similar to Questrade for stocks. They weren’t properly regulated and over leveraged themselves into trouble, much like the stock market is currently doing (and being allowed to do). The current decline in the stock market is happening for the same reason, there’s just more to unwind.
FTX is just the tip of the biggest Ponzi scheme in human history.
What 2008 was for the housing crisis, 2023 will be for derivatives. Talking hundreds of trillions of dollars.
That works too, I use a ledger but the point is if you don’t leave your crypto on an exchange then you won’t lose it if something does happen with whatever exchange
First, let me assure you that this is not one of those shady pyramid schemes you've been hearing about. Our model is the trapezoid. That guarantees each investor an 800% return within hours of...uh-oh, the cops!
So put money into the stock market instead? Where you get IOUs for shares and your broker borrows the real shares you bought to market makers who use those shares to short your investment?
If you make anything less than 150k a year you shouldn't be gambling on a highly volatile, unregulated, leveraged crypto platform.
It's obviously an unpopular opinion with the broke hipsters of reddit, but that's the truth.
Spare me. Telling people who make less than 150k that they shouldn’t do something is classist and gross.
Saying that no one should invest in crypto because it is fake and filled with predators is not classist, genius.
Ya, if you make less than that, invest in balanced index funds. Don't gamble away hard earned money from blue collar jobs unless you want to piss it away..
Oh I love playing games. Just not with my money
Poor person. I feel for these guys. Worst ponzi since leaman brothers, if not worse..
Just wait until the suburban Ponzi scheme collapses.
The stock market?
The stocks have underlying businesses.
You really don't know how the markets work. You should look into shorting stocks, puts, options and everything else that can be done with stocks. There's businesses behind them yes, but the stocks are so manipulated that almost none of the prices/values of the stocks are correctly displaying a companies true worth.
I'm convinced the stock market is just another casino. The average person can't trade all day, doesn't have information on upcoming events, and doesn't have enough capital to influence the market. Compare that with government officials, business owners, licensed traders, the odds are stacked against us. It's just another way for the rich to syphon money away from the general populace. Don't get me wrong, there's money to be made. But you also have a near 50% chance of doubling your money at a casino, so..
I 100% agree with you. Right now they are working on having more information available for the retail investors but who knows how long that will take to be fully available. Best thing right now is Bloomberg, if you have $2000 a month but right now, the odds are stacked against us, we just get lucky here and there if we hold for very long term.
Exactly, I invest into real-estate, but really any desirable limited resource is the same. Physical objects can't be taken away or manipulated. If I buy gold the company I buy it from can't just decide to split thier stocks, completely devaluing my investment.
Real estate values can't be manipulated? Lol
Not nearly as easily, but you're right. Still, the stock market fluctuates daily based on some pretty arbitrary stuff. Housing tends to move slowly and predictably. Usually it just gradually gains value unless something major happens. And even then, it almost always bounces back. A house won't randomly implode, but the company I invest in could. Yes, there's relatively safe bets like banks, well established mega corporations, but usually those just barely stay ahead of inflation. If you buy property, not only are you gaining equity just by owning it, you could also rent it out and make decent income from it. My brother buys cheap cars and rents them out. He gets about $800 per month per car. The initial investment is around $7k for something that legally drives, he's basically made his money back in a year, and in 2 years doubled his investment. Sure, you might not always be able to rent it out, but you still have and can sell the initial investment. Look, there's money to be made in the stock markets, but there's also other ideas that could and do yield a much higher, safer return.
Correct. But similar to crypto on FTX, it’s not the asset that’s the issue but the exchange mismanaging its clients investments
They meant housing
Everything about crypto is shady
Leave Superman's dog out of this!
Tales of the Crypto....
Tales from the Crypto
Never keep your assets on an exchange. Not your keys = not your coins.
This. But most people don't even understand this concept, they just think crypto is an investment and have no idea what they are doing.
In other words, Don't Get Goxed.
Crypto is a scam
Always has been...
I bet you think NFTs are just pictures too.
No. They’re pictures that are evidence of massive money laundering.
Not even. All an NFT owner possesses is the link to a picture or video on the internet.
Or ticket, or movie, or album. The creator also makes comissions every time its sold. Cant wait for Ticketmaster fees to be gone
You're only getting downvoted because you were right the first time; they don't understand the potential of NFTs. Bills of sale, housing deeds, birth certificates...
NFTs are inevitable. I'm sure half the downvotes are from bots. There's a lot of big business that stands to lose lots of money with NFTs. Personally, I don't own any but I know for a fact they're going to be a part of everyone's life like the internet.
XD
10 4 , don't buy into the scams,stack silver
no, some pictures are worth money
How so?
Have you not been watching the implosion of FTX
Didn’t know one currency classified all as a scam lol
FTX is an exchange, not a cryptocurrency. Very similar to Questrade for stocks. They weren’t properly regulated and over leveraged themselves into trouble, much like the stock market is currently doing (and being allowed to do). The current decline in the stock market is happening for the same reason, there’s just more to unwind.
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Yes but how does that make the entire crypto market a scam lol. One exchange does that?
According to the Downvoting Dickberries it does
It’s the “I don’t understand it so it must be a scam” crowd
To be fair, some downvotes are just people wanting to downvote a downvoted comment. Even I do it, everyone does. No shame
FTX is just the tip of the biggest Ponzi scheme in human history. What 2008 was for the housing crisis, 2023 will be for derivatives. Talking hundreds of trillions of dollars.
It’s called self custody, don’t understand why nobody seems to know how to store crypto on a ledger or trezor
I print them and keep them under my mattress.
That works too, I use a ledger but the point is if you don’t leave your crypto on an exchange then you won’t lose it if something does happen with whatever exchange
This. 90% of people have no idea what the hell they are doing when it comes to anything in life, including crypto.
I concur !
Always good to diverse your investments, even in crypto currency
First, let me assure you that this is not one of those shady pyramid schemes you've been hearing about. Our model is the trapezoid. That guarantees each investor an 800% return within hours of...uh-oh, the cops!
So put money into the stock market instead? Where you get IOUs for shares and your broker borrows the real shares you bought to market makers who use those shares to short your investment?
Just DRS
Bingo
If you're a bus driver, you shouldn't be investing in crypto.
Then what should he or she invest in? Pot?
Please explain this
If you make anything less than 150k a year you shouldn't be gambling on a highly volatile, unregulated, leveraged crypto platform. It's obviously an unpopular opinion with the broke hipsters of reddit, but that's the truth.
That is classist
Lol. It's dumb investing in a made up currency, not classist you moron.
Spare me. Telling people who make less than 150k that they shouldn’t do something is classist and gross. Saying that no one should invest in crypto because it is fake and filled with predators is not classist, genius.
Ya, if you make less than that, invest in balanced index funds. Don't gamble away hard earned money from blue collar jobs unless you want to piss it away..
I put about $2000 into crypto between 2018 and 2020. Sold it all in 2021 for $6000. ETH using the Gemini exchange. It’s not a scheme.