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Watched Wall Street a while back and thought about all the guys who fired up Robin Hood and coinbase accounts who want to be Gordon Gecko.

Watch the movie. The whole point of the movie was that the only way to make any profit was to be an insider and cheat your way to information.

If you’re using an app to trade. If you’re using your finger to trade. If you’re not part of an institution trading, you’re probably not going to win against the house.

If you’re just an individual, stocks should just be viewed as just a shitcoin with mainstream acceptance. Just save in Bitcoin and let everyone else worry about “the markets”.

I’m not saying stocks have no value. They probably do but not to me as an individual who would be with all the other suckers in retail.

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Discussion

Surfyogi 2y ago

There is no way to get in as early in Wall Street, as there is in Virtual Asset markets. Companies have to go public; are highly VC’d and the VCs already made most of the money; except for Amz, apple, and a few others; it can be hard to make money with stocks for this reason. The Fed controls Wall /street, so whoever has first/inside info, wins. Not my bag baby! Meanwhile, Virtual Assets open up a big market, that has some potential, if you trust the people you are investing in, not easy but not impossible either. A good way to increase the BTC bag, is to invest in really good projects that will rival BTC, and steal some of it’s market share in years to come ;-) - Surfyogi

Steven Day 2y ago

You may be right but trust is expensive. It’s an expensive game to research and invest.

My bigger point that I’ve thought about for a while is that a lot of people getting into “investing” don’t have firm footing on the basics.

They live pay check to paycheck. Something catastrophic can wipe out their quality of life.

Not saying you have to be Jeff Bezos to invest just that most plebs need to make sure their house is in order and figure out why they are investing. High time preference chasing gains? Are they meaningfully looking to put money into something they believe? Etc.