Sounds like you don’t have much left to say and can’t back up your point, so you get personal.
Beardwin
joined 1 year ago
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.
Mike Birbiglia
Lol ok.