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Can i do both?
Can i do both?That would make you a pest and feeding on other people's misery and pain. Just buy some RE and do the same and you will be a hard worker and smart investor instead
Can i do both?
Should I have speculated in a Bitcoin position 10 years ago, no doubt. Should I or anyone else speculate in it now is a more relevant question. When I invest, I like to understand the underlying value proposition and business model in addition to price movement. Take Tesla as one example, on the surface it's primarily an EV company yet it's their energy business that has the greatest profit potential going forward. So no, I don't invest in unsustainable business models, meme stocks or ramped startups etc. even when the price is rising due to irrational exuberance. Therefore, I don't speculate at the crypto casino even after many hours of listening to its greatest spin doctors try a sell me on the forecast that all roads lead to Bitcoin as a proxy for fiat currency so hodl and never sell because, among other claims, it's an inflation hedge and store of value???But I'll trade caterpillars if I can make a profit.
What the hell are you doing?
Standing back for a decade saying "It's not sustainable, it's going to crash". That to me is worse. Why wouldn't I want to learn the basics of the space with the returns on offer.
Forget crypto a new product has entered the investment space:Should I have speculated in a Bitcoin position 10 years ago, no doubt. Should I or anyone else speculate in it now is a more relevant question. When I invest, I like to understand the underlying value proposition and business model in addition to price movement. Take Tesla as one example, on the surface it's primarily an EV company yet it's their energy business that has the greatest profit potential going forward. So no, I don't invest in unsustainable business models, meme stocks or ramped startups etc. even when the price is rising due to irrational exuberance. Therefore, I don't speculate at the crypto casino even after many hours of listening to its greatest spin doctors try a sell me on the forecast that all roads lead to Bitcoin as a proxy for fiat currency so hodl and never sell because, among other claims, it's an inflation hedge and store of value???
Looking at how crypto is trading now is very indicative of the high risk tech space in general, any hint of interest rate rises is a risk off event for their stratospheric prices. With Bitcoin now down 32% from its high of 10 November and inflation soaring, I think it's safe to conclude that it's not an inflation hedge. What "returns on offer" remain in crypto remains to be seen, at the moment those returns look negative.
I see your farts and raise you bath water:Forget crypto a new product has entered the investment space:
US reality star makes $70,000 selling her farts in jars
Reality star makes $70k selling her farts in jars
Thanks to the internet the ways you can make money are pretty much limitless these days — as one US reality star has learnt after making more than $70,000 for selling an, ahem, interesting personal product.www.news.com.au
Registering a domain name and charging someone else a fortune to use it?I wonder what they put down as "occupation" or "Business description".
I see that: isellfarts.com domain name isn't registered yet.
I could be early on this trend.
I meant moving into the "celebrity air" business. Only A list or above.Registering a domain name and charging someone else a fortune to use it?
You're about 25 years too late there moxy
I meant moving into the "celebrity air" business. Only A list or above.
Memes are so prolific and powerful these days that I'd probably end up with a multimillion dollar business.Get into the counterfeit farts niche before chinese start doing it
Anyway before traderx lowered the bar by making me talk about flatulence based business, I was going to mention most trading is the same greed/fear cycle for most chartists. Fundamentals and value based investing as of late seems to have gone out the door.
Except the excellent value of isellfarts.com!
It's a true 10bagger in the jar at only $3k
I think this is a pretty well established business on the asx with many on offerYeah and I like to look into the future, if farts are a boom maybe should move straight onto selling turds
Forward thinking at its best. Unfortunately the government seems to be doing it for free.Yeah and I like to look into the future, if farts are a boom maybe should move straight onto selling turds
A bit of grist for the mill
Agreed. It's kind of why I posted that, to get some discussion on the very points you have made.I'm no fan of cryptocurrencies, but it's interesting the way that the powers that be (high profile corporate types, politicians, bureaucrats, and now institutions) continue to undermine cryptocurrencies, particular Bitcoin, in an ongoing attempt to remove confidence and spook the crypto market. This isn't being done for the benefit of the crypto HODLers; the anti-crypto crowd would, I'm sure, love to see all those heavily invested in cypto lose their shirts in a crash. That would help their agenda no end.
I'm sceptical of cryptocurrencies, but I'm just as sceptical of the anti-crypto crowd who are simply trying to maintain the status quo for their own benefit. If ever there was a case of self interest disguised as altruism, this is it.
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