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> We dream of reducing the gap around financial opportunities between the wealthiest and the rest. I know it's one of those lines that whoever is in the CEO ro

> We dream of reducing the gap around financial opportunities between the wealthiest and the rest. I know it's one of those lines that whoever is in the CEO role says really righteously over and over again whenever an investor pushes back on it. But is trading cryptocurrency really going to do that? Like normal people actually lost their life savings trading that. And it's rich people, like actual Silicon Valley supervillains of sorts, who generated a very large amount of these imaginary assets they're selling to normal people. And then, I'm not sure transitioning to stocks is any better, because anyone buying today is pretty much guaranteed to be buying at the top of the market--i.e., if you're making a market, you're making one for suckers. Are you just reducing the gap around financial opportunities to lose a lot of money instead of a little?

nodesocket 8y ago
> transitioning to stocks is any better, because anyone buying today is pretty much guaranteed to be buying at the top of the market--i.e., if you're making a market, you're making one for suckers. I am assuming you are bearish and overall negative given the sentiment of your comment. On Christmas eve when the market was at its lows, would you have guessed we would rally and explode up the first two months of 2019. It’s very easy to perpetually be a bear and shout that the market is overvalued. Eventually you will be right and a correction or crash will happen. I’ve be in the market over 15 years, and can without a doubt say it is the best wealth expanding tool rich or poor US citizens have.
- deleted 8y ago
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rohitgoyal 8y ago
We just started with cryptocurrency trading and plan to add equities and forex soon. What you are saying is right, investing blindly without research make people lose money. Having a disciplined hypothesis driven strategy prevents you from taking irrational trading decisions. Thanks for taking time to provide feedback.
- doctorpangloss 8y ago
  It's probably too late to follow up on this, but dude c'mon, that's not what I'm saying.
TaylorAlexander 8y ago
I would criticize the line more directly, in that it's typical silicon valley magical thinking. "The rest" means the slightly-less-wealthy, because these "financial opportunities" are only useful to people with large sums of spare cash. The line reads like a populist appeal, but working class people aren't sitting on HN thinking "finally, improved investment opportunity!" It's par for the course so I don't mean to call out this person directly, but I'm hitting that point where I don't feel optimistic by default with these claims.

nodesocket 8y ago

> transitioning to stocks is any better, because anyone buying today is pretty much guaranteed to be buying at the top of the market--i.e., if you're making a market, you're making one for suckers. I am assuming you are bearish and overall negative given the sentiment of your comment. On Christmas eve when the market was at its lows, would you have guessed we would rally and explode up the first two months of 2019. It’s very easy to perpetually be a bear and shout that the market is overvalued. Eventually you will be right and a correction or crash will happen. I’ve be in the market over 15 years, and can without a doubt say it is the best wealth expanding tool rich or poor US citizens have.

deleted 8y ago
[deleted]

rohitgoyal 8y ago

We just started with cryptocurrency trading and plan to add equities and forex soon. What you are saying is right, investing blindly without research make people lose money. Having a disciplined hypothesis driven strategy prevents you from taking irrational trading decisions. Thanks for taking time to provide feedback.

doctorpangloss 8y ago
It's probably too late to follow up on this, but dude c'mon, that's not what I'm saying.

TaylorAlexander 8y ago

I would criticize the line more directly, in that it's typical silicon valley magical thinking. "The rest" means the slightly-less-wealthy, because these "financial opportunities" are only useful to people with large sums of spare cash. The line reads like a populist appeal, but working class people aren't sitting on HN thinking "finally, improved investment opportunity!" It's par for the course so I don't mean to call out this person directly, but I'm hitting that point where I don't feel optimistic by default with these claims.