John McAfee is using some sort of black magic to try to justify not eating his own dick.
Seriously wtf is wrong with people? How have all the rubes willing to buy at that price not lost all of their money already? Also interesting that this coincides with Tesla's boom, which is also famously volatile.
Bitcoin and the stock market is 100% legal gambling. I started a little investing in the stock market recently. It brings the same anxiety gambling does. I hate that I’ve been forced into it because “yoU NEed To InVESt FoR YouR FuTURe.”
"investing for the future" should be an index fund of the biggest stocks that you don't touch for 40 years. If anyone tells you otherwise, they're selling something
ICLN because line go up.
I think it's reasonable to have like 5% of your portfolio in hedges against the stock market like gold or bitcoin or REITs or bonds or whatever.
Why hedge there when you can buy far dated puts on a stupidly overpriced ipo like doordash. These companies that have demonstrably terrible business models that are propped up by vc money are going to crash hard if it all comes tumbling down AND betting on doordash losing value is likely just a sure bet regardless. It's a safe bet either way. This is the way I'm choosing to hedge my portfolio right now
That's actually a pretty good strategy. Food delivery and the gig economy is entirely unsustainable imo. I love how it's been revealed that Uber is basically a money laundering scheme for the House of Saud and nobody cares.
The only use for Bitcoin besides gambling is buying illegal drugs on the dark web
To be fair, it has also been used by Venezuela to circumvent sanctions.
I think that is actually one of the things driving the price up. I guess that's good for Venezuela? Spending BTC makes their money more valuable for a while lol
thats not true, they also use it to buy child porn
But the thing is that drugs are cool. Child porn not so much