Anonymous wrote:No. It's not an investment. It does nothing productive and has zero intrinsic value.
It is speculation that someone dumber than you will pay more than you did for it. It has some uses for organized crime, too, if you are into that.
If you are a non-criminal risk-averse investor, you should stay far away from crypto.
But do your own research. Getting your investment advise from random strangers on the Internet probably isn't the best way to achieve financial security and wealth.
Anonymous wrote:Buy a little bit of Bitcoin for long term, like forever and Solana for now before it starts running.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Nope. VOO is enough risk for me and it’s based on real (successful) companies.
Voo is risky because you don't choose the companies. 490 of them are no good.
The problem is if you bought the top 10 companies in one decade, almost none will remain in the top 10 the following decade. If you could consistently predict which companies will be in the top 10 of the S&P over multiple decades, you’d be a billionaire.
Anonymous wrote:Anonymous wrote:Nope. VOO is enough risk for me and it’s based on real (successful) companies.
Voo is risky because you don't choose the companies. 490 of them are no good.
Anonymous wrote:Buy a little bit of Bitcoin for long term, like forever and Solana for now before it starts running.
Anonymous wrote:Nope. VOO is enough risk for me and it’s based on real (successful) companies.
jsteele wrote:Anonymous wrote:Anonymous wrote:So I read Jeff’s front page article on crypto and its harms.
Yeah, I totally agree with all of it. But I hate to say it, I’m still buying bitcoin stocks because I like money. I’m buying ether ETFs because they are producing money. It’s here to stay. All of it. Congress has three new bills codifying new rules and sht. You might as well buy regular stocks but also crypto. But only Bitcoin, eth and Solana. Bitcoin will prob go to a million in time.
A word of caution - I love what Jeff has created via this site but there is a non-zero chance he receives special interest $ to promote certain viewpoints to his readers. There’s a lot of banking association $ flowing to bloggers, large BlueSky and X accounts, etc. to speak out against crypto right now.
I’d love for this NOT to be the case - would be great if he had a page listing the funding sources for this site for transparency.
I can assure you that nobody pays for my viewpoints (well, other than those who pay through their suffering from having to read them). I put a lot of effort into my blog posts and don’t really appreciate your allegation.
All revenue from the site comes through advertising. Advisers don’t influence the content beyond the normal requirements that advertisers have regarding adult content and a few other sensitive topics.
jsteele wrote:Anonymous wrote:Anonymous wrote:So I read Jeff’s front page article on crypto and its harms.
Yeah, I totally agree with all of it. But I hate to say it, I’m still buying bitcoin stocks because I like money. I’m buying ether ETFs because they are producing money. It’s here to stay. All of it. Congress has three new bills codifying new rules and sht. You might as well buy regular stocks but also crypto. But only Bitcoin, eth and Solana. Bitcoin will prob go to a million in time.
A word of caution - I love what Jeff has created via this site but there is a non-zero chance he receives special interest $ to promote certain viewpoints to his readers. There’s a lot of banking association $ flowing to bloggers, large BlueSky and X accounts, etc. to speak out against crypto right now.
I’d love for this NOT to be the case - would be great if he had a page listing the funding sources for this site for transparency.
I can assure you that nobody pays for my viewpoints (well, other than those who pay through their suffering from having to read them). I put a lot of effort into my blog posts and don’t really appreciate your allegation.
All revenue from the site comes through advertising. Advisers don’t influence the content beyond the normal requirements that advertisers have regarding adult content and a few other sensitive topics.
Anonymous wrote:Anonymous wrote:So I read Jeff’s front page article on crypto and its harms.
Yeah, I totally agree with all of it. But I hate to say it, I’m still buying bitcoin stocks because I like money. I’m buying ether ETFs because they are producing money. It’s here to stay. All of it. Congress has three new bills codifying new rules and sht. You might as well buy regular stocks but also crypto. But only Bitcoin, eth and Solana. Bitcoin will prob go to a million in time.
A word of caution - I love what Jeff has created via this site but there is a non-zero chance he receives special interest $ to promote certain viewpoints to his readers. There’s a lot of banking association $ flowing to bloggers, large BlueSky and X accounts, etc. to speak out against crypto right now.
I’d love for this NOT to be the case - would be great if he had a page listing the funding sources for this site for transparency.