What most fail to realize is the effects debasement has on the dollar. Inflation @ 7% means purchasing power of $1million in 2030 is $520k. Federal debt @ $30trillion & unfunded liabilities @ $163trillion guarantees inflation will be anything but transitory.
I am reminded of the Dutch tulip mania centuries ago. The trick to making money from one of these things is to jump into it when it's still brand new. Invest in it before most others have even heard of it. Maybe it will take off like a rocket, or maybe it will simply crash and burn. The other trick (if it does well enough) is knowing when to bail out, and to sell whatever it is for a big profit. Better to bail out a year too early than a day too late. But remember the saying "Don't put all your eggs in one basket." If you happen to have a few spare bucks to play with, then go ahead. Just don't bet everything you have on whatever it is. You'll probably put money on several losers before one of them becomes a winner.
Depends on how much money one has… is it volatile? Yes Have put 10% of my long term investible money yes …am I up 53% ? Yes, So listen to this gentleman if your sitting on enough money to last you 8 years and you want to leave a legacy…otherwise, take a flyer Did I at the beginning?No..did I when went pear shaped? Yes …am I up a few hundred thousand US $ ? Yep.. The only advice I may have is put what you can live without into it…or half…dip your toe
"Crack THE code." See, there's the rub. It's a game as Mr. Schmidt kindly reminds us and we do not have the advantage. Perhaps too early but I no longer play the market. I've been very successful in Cali homeownership. I may get property taxed right out of my retirement ideation. No indicators here but hanging on for Mr Toads wild economic ride🧐
So many tulip comments. Mostly from people that believe 30 seconds is enough of a time investment to understand this new asset class. Mocking is fun but earning 4% in other assets in a currency that depreciates at least twice that rate is what created the need for currency not manipulated by central banks. Mock or ignore if you will but it may only hurt yourself in the end.
I don't disagree with you here, but realistically, people don't understand the stock market or mutual funds either. They think they do, but they don't really understand it as well as a mutual fund manager does, nor as well as a market analyist. So, investing in the market is a bit of a fool's errand if you think you can do it as well as someone who has spent their careers researching and doing that kind of thing. Hence, the reason I trust my money to mutual unds mostly.
if you can afford to lose your pension then by all means invest your entire pension all thoes pensioners that invested there pension and 401ks that invested with bernie madoff all got wipedout they always go after the mom and pops and the pensions because that is were the most money is
Thanks a lot dude, for all the effort you laid, for making me smile when I was in blue, and for sacrificing you all to me, so blessed to deal with a dude like you
PThanks a lot dude, for all the effort you laid, for making me smile when I was in blue, and for sacrificing you all to me, so blessed to deal with a dude like you
Thanks a lot dude, for all the effort you laid, for making me smile when I was in blue, and for sacrificing you all to me, so blessed to deal with a dude like you
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Crapto currencies are proof of the greater fool theory. Proven not to be a hedge against inflation, not a hedge to crashing markets, not an actual hard asset, etc. Just another fiat currency backed by nothing. Just another trading vehicle like anything else. There's no controlling authority. If your "wallet" gets hacked or ripped off, how do you get it back? Who do you go to? Sure, you can make money short term by speculation but, as a store of value? Forget about it!
Buy and hold. In five years you will look like a genius.
Hey! I've got some tulips for you to buy!
What most fail to realize is the effects debasement has on the dollar. Inflation @ 7% means purchasing power of $1million in 2030 is $520k. Federal debt @ $30trillion & unfunded liabilities @ $163trillion guarantees inflation will be anything but transitory.
I am reminded of the Dutch tulip mania centuries ago. The trick to making money from one of these things is to jump into it when it's still brand new. Invest in it before most others have even heard of it. Maybe it will take off like a rocket, or maybe it will simply crash and burn. The other trick (if it does well enough) is knowing when to bail out, and to sell whatever it is for a big profit. Better to bail out a year too early than a day too late. But remember the saying "Don't put all your eggs in one basket." If you happen to have a few spare bucks to play with, then go ahead. Just don't bet everything you have on whatever it is. You'll probably put money on several losers before one of them becomes a winner.
so wise , Thank You.
Depends on how much money one has… is it volatile? Yes Have put 10% of my long term investible money yes …am I up 53% ?
Yes, So listen to this gentleman if your sitting on enough money to last you 8 years and you want to leave a legacy…otherwise, take a flyer
Did I at the beginning?No..did I when went pear shaped? Yes …am I up a few hundred thousand US $ ? Yep..
The only advice I may have is put what you can live without into it…or half…dip your toe
I worry about someone pulling the plug(s)
Thanks fo this n I also listened to my old school FA.
"Crack THE code." See, there's the rub. It's a game as Mr. Schmidt kindly reminds us and we do not have the advantage.
Perhaps too early but I no longer play the market. I've been very successful in Cali homeownership. I may get property taxed right out of my retirement ideation. No indicators here but hanging on for Mr Toads wild economic ride🧐
so … ya send somebody real money and get imaginary money ,,,, is that how it works ???
Thank you for posting this!
Or educate yourself, then decide. But if you do decide to educate yourself you may likely disagree with everything in this video.
So many tulip comments. Mostly from people that believe 30 seconds is enough of a time investment to understand this new asset class. Mocking is fun but earning 4% in other assets in a currency that depreciates at least twice that rate is what created the need for currency not manipulated by central banks. Mock or ignore if you will but it may only hurt yourself in the end.
AWESOME, thanks.
I have taken the orange pill and jumped into the rabbit hole. Roth IRA, 10-15% of retirement. Call me in 7 years I'll let you know how it worked out.
Thank you for helping me to understand this
I don't disagree with you here, but realistically, people don't understand the stock market or mutual funds either. They think they do, but they don't really understand it as well as a mutual fund manager does, nor as well as a market analyist. So, investing in the market is a bit of a fool's errand if you think you can do it as well as someone who has spent their careers researching and doing that kind of thing. Hence, the reason I trust my money to mutual unds mostly.
I tried trading on my main account after marketing profits in my demo account. I blew $5,000 and it hurts
The beginning of a scam comment thread. Cool
Historically, financial bubbles burst when people least expect it.
if you can afford to lose your pension then by all means invest your entire pension all thoes pensioners that invested there pension and 401ks that invested with bernie madoff all got wipedout they always go after the mom and pops and the pensions because that is were the most money is
Thanks a lot dude, for all the effort you laid, for making me smile when I was in blue, and for sacrificing you all to me, so blessed to deal with a dude like you
PThanks a lot dude, for all the effort you laid, for making me smile when I was in blue, and for sacrificing you all to me, so blessed to deal with a dude like you
Thanks a lot dude, for all the effort you laid, for making me smile when I was in blue, and for sacrificing you all to me, so blessed to deal with a dude like you
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Honestly I 👆👆can’t imagine why anyone would dislike this, this very clear and very helpful, KUDOS to you got a new client and recommended from me, thanks soo much sir🙏🙏
Yesterday I confirm BTC from ↖️↖️↖️ Them online
Crapto currencies are proof of the greater fool theory. Proven not to be a hedge against inflation, not a hedge to crashing markets, not an actual hard asset, etc. Just another fiat currency backed by nothing. Just another trading vehicle like anything else. There's no controlling authority. If your "wallet" gets hacked or ripped off, how do you get it back? Who do you go to? Sure, you can make money short term by speculation but, as a store of value? Forget about it!
Does the Holland tulip bulb craze sound familiar?