Greed is Good. Gorden Gekko - Wall Street 1987
I know the dark side of investing so no,... I will not go all in on "the coin".
I made my fortune on...
Treasuries.
S&P 500
Index funds.
Mutual Funds
Commodities.
CD's, Money Markets
Investment properties
Owning businesses
Doing the hustle to get ahead.
Foriegn Investments.
Vulture Capitalist.
Have I played the Coin?... It's cute but it is too damned easy to get ripped off. Less than 5% of my portfolio was invested for a short while.
Too many people are thinking of they will all be rich and seeing the coin rise in "EPIC" levels.
Well I've got to tell you something.
Most of my conservative investments during the DoT.com era were at the 17.5% return rate.
My most aggressive investment in the DoT.com was 62%. Yes 62% return rate and yes it was HIGH RISK, but...
I... Made... Money...
It was an obscene wild ride, busting a hump to invest 25% of my portfolio into DoT.com stocks. I got an average of 3 hours per day of sleep during that time. Because there was money to be made and I understood the dangers of losing all of that hard work if the market suddenly went T!T's up.
I invested into the wildness of the DoT.com for 4 years. 4 long... hard... years... Then with the wonders of the super highway back then I cashed out 6 months before the Recession hit @2000.
I took my NET profits and put it in a fix rate of 7.5%. And that lasted for 7+ years.
Example If we take 100K for 7 years @ 7.5% Rate = 168K total amount in that account. My investment into that account was far far more than that. So yes. I know the game and I know it well.
But even though I did my research, I lost 4 years of my life. 4 hard years of financial insanity and I will never do that ever again. Ever...
There is NO SUCH thing as getting to be rich is easy. You have to work hard for it.
I'm far more conservative in my investments now since I'm older than dirt. And still making NET profit. I did it pretty much by the fundamentals.
NOW...
Can we remember ENron and what happen to that company?
Of course we can.
Can we remember Sam Bankman-Fried and what happened to him and his company?
Of course we can.
Paper stocks, digital coin are nothing until you cash it out and I don't care about how much money you can make on paper/digital. It's nothing until you cash it out.
Then, when you get reports of hundreds of billions of dollars suddenly disappear from Bitcoin, it's not safe.
BitCoin to me is similar to what happened during the 90's.
A way to make money by the very very few.
Here's a video on the subject and it's pretty much spot on.
It's Your money. You do what you want to do with it.
But as someone who has survived 5 economic down turns, do your research before you invest.
When you buy Gold on the market are you actually buying product?
Most of the time. No.
Which is why I do not invest into gold at this moment. I'll invest into other metals such as copper, nickle etc, when I get the urge to do something, but again if I wanted Gold or Silver I wanted it in my hands and not in a certificate.
Here's a video on scamming on precious metals.
). People are selling, right now. 1.3m BTC have been traded, just today. But for every sale there is a purchase..thus Market equilibrium. If more people are buying then selling, price goes up, opposite price down.
