it is a gambling addiction first and foremost. and that is why crypto absolutely must be outlawed, as capitalists love to exploit people with vices like this.
Yes and the lottery along with that. Where I live (and I'd imagine all over) there are ads everywhere for the lottery. Shit's evil
Good rule of thumb is to put only ~5% of your life savings in any investment.
Another good rule of thumb is to invest in those index funds which average the major businesses because our capitalist overlords will never allow them to fail or not see profit so your only realistic hope for retirement is to ride their coattails. Making individual investment decisions that are consistently contrarian might net you some wins but the consensus opinion will self actualize because they actually control the economy.
Edit: also real estate is rapidly being priced to the point where only massive investment rent collection corps can buy anything, which is already who is buying most of the property in places like London and New York. It’s coming to your town soon too. So get into property if you can and stop giving money to a goddamn landlord as soon as you can before it’s too late to escape that rung of feudalism.
Still a good idea to track multiple indexes unless you are super conservative and going super broad like VTI.
Also, as much as fees suck mutual funds are usually a good stress-free way of saving. Just drop some money in there and don't look for years, lol. Oh my investments are down? That's none of my business.
considering no one actually knows where bitcoin came from, just some mysterious developer called 'satoshi', its very possible
as a centrist i merely don't care whether they do or not.
especially because we've been warning them for years this shit is so stupid I can't believe it's not medicalized.
every time the market crashes we (by which i mean very online marxists) tend to gloat about how porky lost all his cash, but really it's mostly these guys. Libertarian dorks who took out loans. Porky sells, sends waves of panic through the market, causes all the meek little retail investors with 100 or 200 dollars to jump ship, waits for the price to crash, buys it back up for cheaper than ever, and rides the "recovery" wave knowing there'll be a new crisis to capitalize on later. Porky is the house, and the house never loses.
Crypto Market crash as a whole, yes.
But Luna, specifically, is not recovering. And a lot of rich people just lost a lot of money they aren't getting back.
Absolutely grim. They don't even have the dignity in losing all their money to something that sounds professional. Instead they had their lives ruined and killed themselves over le funny ape memes.
Countless
WHAT THE FUCK ARE YOU TALKING ABOUT JACK, THIS ENTIRE FUCKING POST IS ABOUT COUNTING
We aren’t going anywhere. Neither is crypto.
jesus fucking christ, how do come out of this and learn literally nothing :internet-delenda-est:
Well it's been like a century since the stock market destroyed the world economy and the stock market's still around
'buy the dip' is literally this, when their coin fails to moon all the cultists proclaim this is the time to double down in faith and devote more money.
We aren’t going anywhere. Neither is crypto. And this isn’t as important as you think it is.
the sound of their brain hitting the walls of capitalist realism and not making a dent
It actually sucks so hard now people base themselves off their so called net worth,,, society sucks ass to think net anything is cool. We're all just dumb ass flesh puppets
dumb ass flesh puppets
flesh automatons powered by neurotransmitters.
But yeah, net worth is a stupid fucking concept that leads to some absolutely retrograde thinking. I have friends talking about being millionaires because of their housing value going bonkers in the last two years. Of course, the gains are unrealized and I'm sure they'll be upset when the value goes down as if anything real was lost.
:agony-shivering:
No copypasta today but it would be nice to have a source on the 8 suicides - it's absolutely plausible, but I haven't seen anything reliable supporting it.
In any case, this is why we don't do Ponzi schemes folks! Absolutely tragic.
Yeah every time I checked the price of $LUNA yesterday I felt vaguely sick thinking about how many people were riding high just a week ago when it was trading at $80+ and must be just devastated now that it's effectively worthless.
these people are unironically victims of capitalism. capitalism makes people destitute and desperate, and makes people feel like money--an imaginary concept--matters more than life itself.
