• Assassassin@lemmy.dbzer0.com
    1531·
    14 days ago

    That’s my secret trick: if you never earn enough money to be able to afford to invest, you lose nothing when the market crashes

    • TankovayaDiviziya@lemmy.world
      1211·
      14 days ago

      if you never earn enough money to be able to afford to invest

      That’s a misconception. You can now buy shares in fraction depending on the investment platform. You can put however much money you want. Of course, the fewer shares you buy, the fewer the returns should the stock price increase (and fewer losses if share price goes down).

        • TankovayaDiviziya@lemmy.world
          129·
          14 days ago

          You can still invest $10 in a share price of $100, which means you own one-tenth fraction of a share. Even a broke person have $10 (unless you’re homeless, which is understandable, saying “I’m broke” is most of time a hyperbole and does not mean you only have your clothes on your back).

          I’m surprised I’m the only person yet on Lenmy who corrected that you don’t have to be rich to buy shares to invest; usually someone would have done so almost immediately when it comes to this thing. Even a blue collar worker throughout his entire career can be a shareholder with 97 holdings and eventually become rich, like literally.

      • lurch (he/him)@sh.itjust.worksEnglish
        2·
        13 days ago

        you don’t even need to. there are always cheap shares like these, for example:

        • KYG8701T1388
        • CA50077N1024
        • AU0000066086
        • IT0003073266

        … but there may be taxes and depending on your bank/broker there will be fees for buying and selling etc.

        • TankovayaDiviziya@lemmy.world
          2·
          13 days ago

          Some investment platforms usually don’t charge fees like Trading 212 (they make money from speculative trading instead).

          Penny stocks are usually riskier and their positive return on investment could take years to come depending on the business.

  • UnderpantsWeevil@lemmy.worldEnglish
    89·
    14 days ago

    People in 2020: “I’m buying at the bottom of a market, I hope I get 30% yoy returns for the next five years”

    People in 2025, last week: “Omg, it happened! I’ve more than doubled my money in less than five years!!! Crazy!!!”

    People yesterday, after a 5% market correction: “I’m destitute”

      • sfjvvssss@lemmy.world
        2·
        13 days ago

        Well, every second you “miss out” on going all-in on the highest leverage possible and win. Afterwards you always know better so don’t be sad about it. Back then it was probably even more risky than it is now, so depending on your risk tolerance and investment goals it was probably right to miss it.

        • HugeNerd@lemmy.ca
          11·
          13 days ago

          Well, thanks, I guess I’ll read that comment again when I eat my cold leftovers for supper tonight…

          • sfjvvssss@lemmy.world
            3·
            13 days ago

            Just imagine you invested sum X back then. Who knows if you would still hold it. Maybe you would have made 10 into 100 $ and quit or shifted some into another crypto and lost it there, maybe you would have gambled with derivates which then did not perform as well. Picking single investments is basically gambling. I know this won’t make your leftovers taste better but try not to blame yourself for decisions that were 50/50 bets at best.

      • InternetCitizen2@lemmy.world
        22·
        13 days ago

        if it wasn’t so hard to buy or pay with it tho, that’d be great.

        I think this makes it a funny thing about libertarian ideals. The way people interact with it is ultimately in centralized and KYC compliant exchanges. As far as I know its not illegal to not use them, but people do for simplicity. Microcosm of the idea that market winners entrench to promote their version at the detriment of the markets freedom.

        • Zetta@mander.xyz
          4·
          13 days ago

          Unfortunately, Know Your Customer has done a lot of damage to privacy, but there’s still a lot of exchanges where you can get Monroe with Bitcoin without Know Your Customer. And since Monroe is actually truly anonymous, you have a truly anonymous currency at that point.

          And the Monroe developers are working on making atomic exchanges work better, which are peer-to-peer trading of coins with low overhead and fees because it’s direct. No middleman.

        • stabby_cicada@slrpnk.net
          4·
          13 days ago

          If the Trump administration, and especially Project 2025, have taught America anything, it’s that libertarians don’t fucking have ideals.

          Libertarians spouted propaganda about small government and free speech and privacy until conservative authoritarians took power. And then they cheered while conservative authoritarians built the most extensive police state and government surveillance apparatus in American history and began arresting people for writing op-eds and posting memes.

          Libertarians, like Republicans, never actually supported small government or free speech or the privacy of citizens. They deployed the rhetoric of small government and free speech and privacy as weapons to attack liberals and prevent Democratic administrations from pursuing their policy goals. Now that conservatives are in power, those weapons are no longer useful, and libertarians have discarded them.

          Libertarian “ideals” were weapons against Democratic government, and they were never anything else.

          And to get back to your point: of course libertarians spout rhetoric about financial privacy while keeping cryptocurrency in centralized KYC exchanges. Because crypto was never about privacy as an ideal. It was about bypassing financial regulations, laundering money, dodging taxes, grifting, scamming normies, and gambling on pumps and dumps. Crypto bros talk a good game about privacy and independence to shield themselves from regulation and make themselves look legitimate. Anyone who actually believes that crap is a useful idiot that probably lost all their money in a cryptoscam.

  • x00z@lemmy.worldEnglish
    253·
    13 days ago

    At first cryptos had a true value, as in people wanted it and saw the potential of the coin itself, and not of the price it had, thus raising the prices. Then it changed. Capitalists with their huge capital started playing the market. So instead of the cryptos having a monetary value based on their actual value to society, they got their monetary value from previously monetary values. This means that the value of the cryptos shifted towards how much value it could provide to the people investing in them.

    At this point anybody with half a brain should have stopped caring about the actual monetary value of cryptos. Bitcoin was made for one thing and that was to be a decentralized alternative far away from any government. And now you have one government, that only consists of a mere 5% of all humans, that somehow made the market crash? Everybody that doesn’t think this is beyond crazy is getting played, hard.

      • LittleBorat3@lemmy.world
        4·
        13 days ago

        Depends on the time window you look, if the shorter time windows and volatilities get you exited, you are an idiot and should not invest in anything.

        BTC has an upward trend over the last 10 years. That’s what people should look at IMHO.

        • sfjvvssss@lemmy.world
          3·
          13 days ago

          Volatility can be measured. There is no way to say BTC is not volatile. Historic charts also will not help predicting the future.

        • ipkpjersi@lemmy.ml
          1·
          13 days ago

          Sure, I was just confused by the time period of which there was a 10% drop in BTC price - it’s now up 0.87% today, down 5.54% over the past 5 days, up 1.24% over the past month, and up 37% over the past 6 months, none of those are down 10%.