i can sell you snake oil for $50,000 a gram and as long as theres some sort of complicated mystery to it like "decentralized, trustless , blah blah blah"
then you can convince millions of people to buy into your ponzi scheme for years
and pay any amount you want as long as its that convincing to enough people
and most people are stupid retards
bitcoin should have came out and never gained popularity it would be runescape gold. like wtf why the heck would i care about someone printing their own money when its not backed by gold
thats worth less than paper
because now its just digital. digital coins are worth less than the paper its printed on
satoshi should have just handed out pieces of paper with the word bitcoin on it it would have more value than a bitcoin
I hope you’re at the very least mostly cash, my brainlet bullnigger bros. They’ll bait you with a green Monday and Tuesday but the * clack * is getting REALLY loud now...
It's sad driving by closed down businesses A movie theater near my work had "Thanks for the memories" on the sign where they would normally be telling you what movies they're showing.
Lots of houses for sale already, lots of businesses with "for lease" signs in front. I'm still making as much money as ever, but it makes me stop and think about the smaller men, who are having their hopes and dreams crushed. It's a sad time for some people...
> Bill Gates never diversified Why does Bill Gates own Berkshire-Hathaway stock? Why does Warren Buffet diversify? Has Mister Rogers here ever heard of survivorship bias?
Joshua Mitchell
He started the Quantum fund with George Soros, they made 4200% return in 10 years.
Gabriel Evans
satoshi should be arrested for the biggest ponzi scheme of all time
oh dont worry its just a decentralized currency not something that im trying to increase the value of and attract new investors and increase the price of it
soros is terrorist might as well praise rothschild
Christian Green
Stocks up or down... buy or wait... Huge crash or pump... Cant stop thinking about it it drives me nuts
Oliver Harris
>he hasn't taken the "buy stocks at a decent price then forget about them for 10 years" pill
Adam Lee
I'm not agreeing with Soros politics but no reason I shouldn't learn from them.
Thomas Scott
they can get low interest loan next year and start another business that's what the money printing is for
Henry Sanchez
remember folks, you technically haven't lost until you sell
Carter Edwards
Low interest is only for the banks. The little man gets huge interest so that the big man can get a slightly smaller interest despite being a zombie on the verge of bankruptcy.
Jordan Murphy
>he doesn't use margin to maximize gains or go bust since middle ground isn't an option
Brayden Flores
Consider paper gold. You will never see “your” gold, you just have to trust that it is there, safe in the vault. Now consider a fictional paper gold company that started selling portions of the identified gold in some asteroid. The gold is quite safe there, and it exists, essentially this should work like any other paper gold. Imagine that such a company started, and took off. The most important part of such a scheme, if it worked, would be the tech they used for keeping track of gold ownership. Havking their database would be a much more realistic threat than somebody going up to the asteroid and stealing the gold. For normal paper gold companies, the same is true. It seems like their big asset is the gold, but the big risk to investors is not that the gold is stolen from vaults, it’s that the database is hacked, or destroyed, or that the paper gold company exit scams. In other words, the value of a paper gold company is almost entirely in their infrastructure rather than in the physical gold, regardless if investors understand this nuance or not. Bitcoin is the realization that the physical gold inbthis scheme is so irrelevant, it can be evicted from the equation entirely, the gold doesn’t even have to exist on an asteroid, much less in a vault. Instead, the bitcoin paper gold project is about creating the most secure database infrastructure in the history of mankind, and having that be the actual asset. To my mind, that means it is less risky than a paper gold investment. If you think all paper gold is useless, then yeah, I’m not going to sell you on bitcoin. But I prefer physical gold > bitcoin > paper gold, and since bitcoin and gold are the inverse of each other (physical gold is a distributed SOV that doesn’t need a ledger tracking ownership, bitcoin is a distributed ledger that doesn’t need an underlying asset) there are use cases where one is sometimes better than the other.
Noah Stewart
why did you zoom in to make it bigger than it is this drop is smaller than any of the previous ones on the recovery
Samuel Rodriguez
Buy and hodl is dead is apparently the new pill
Brody Sullivan
Why are you desperately trying to cope, you retarded poorfag?
Nathan Moore
Warren has explicitly said he is against diversification as a principle.
Aiden Collins
>cope but it's literally a smaller drop than any of the previous ones. do you know what cope means retard??
Josiah Long
This is the nature of our life user, some people are born to sheep and will die sheep. My eyes were opened to this when I first started learning to invest and trade - during the prelude to the March crash I came to the realization that maybe a quarter of the I will walk across today may be out of a job next month, homeless or even dead and they just don't it. This is probably how God thinks everyday. Soon you will grow detached to it all - same as you would to all trap and gore posting on this site - and will eventually come to understand that you're not the bad guy in this story.
Then why is he diversified? Why does he diversify BRK's holdings?
Elijah Collins
TVIX
David Gray
Buffet is Bill Gates' mentor. And Warren Buffet missed so many winners at this point.
Gavin Richardson
If you aren't meming, it's far enough off that you ought to try investing in cutting edge ML in general. For that, try NVDA (best set-up for deep learning), GOOG, FB, and dig through the underlying assets of BOTZ with the etfdb website. BOTZ itself is shit. Massive expense ratio and some stupid pics in there.
well when you have a currency backed by gold youre supposed to be able to go redeem it at any bank you want like many different banks
theres not just going to be one bank
if a bank exit scams then the whole society can punish you if they find you
thats the only way currency is supposed to work
this fiat it doesnt matter what you think its still worth zero
you could have terry davis program 10 trillion different bible games in his OS and make it the most fully functioning bible OS and have it still be worth zero dollars
Right, but despite what many people will claim, bitcoin is not a currency and is not treated like one by the IRS. Bitcoin is an asset, just like paper gold, and that’s what it should be compared to.
Jacob Bailey
i am so terrified to die or see all my family die because i am the youngest, my life has been comfortable my entire life, i just cant. yet i am also terrified at living forever and eventually forgetting most of my memories
