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Is this really the line you are going to use to convince people to avoid scams? I'd like you to meet Sam the Scammer: "If you would have bought bitcoin on thi
by sillyfleece 4y ago
Is this really the line you are going to use to convince people to avoid scams?
I'd like you to meet Sam the Scammer: "If you would have bought bitcoin on this date in 2019 you would have been up 200% by now. You would have doubled your money in 3 years. literally."
- dymk 4y agoLong term investment in the S&P500 has proven to be a good idea over decades. Things go up and down, but S&P generally has gone up on average for at least the last 50 years.
- sillyfleece 4y ago
- dymk 4y agoIf you think people only care about the next 3-5 years, unequivocally, then your knowledge on how people invest is questionable. Long term investing (10+ years) is an absolutely massive industry. The market works in approximately 10 year cycles. Invest long term, ignore short term sideshows. It's simple, even a layperson can do it.
- sillyfleece 4y agoIf you think lay people are going to be able to stomach being in the red year after year for 3-5 years without desperately looking for an out, I think you may need to reconsider your understanding of human psychology.