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It all depends on how much they are spending. If joe has $1k disposable income he can play the lottery,crypto,options whatever. I personally only ever bought a
by _8j50 4y ago
It all depends on how much they are spending. If joe has $1k disposable income he can play the lottery,crypto,options whatever. I personally only ever bought a few hundred dollars at a time only to sell at 5-10% profit. Even right now you can make a few bucks on the normal turbulence.
You seem to have overlooked my statement about rule #1 it has to be money you can afford to lose and of course people will tell you the risk is tol high, you have to learn the hard way if you think you know better.
- Eisenstein 4y agoYou seem to overlook the fact that you are comparing sophisticated financial instruments to 'investments' marketed at moms & pops sometimes as de facto bank accounts with FDIC markings on the marketing materials. Did I know people who made out well playing the crypto market? One. Did I tell him to not do it? Nope, because he knows what he is doing. The flipside of this is the 5 or so people in my direct personal sphere and hundreds if not thousands (if you count the lurkers who followed conversations I was having with individuals) online who have advocated for or expressed direct involvement or interesting in playing in crypto markets that I have advised against doing so, with a rare few heeding my warning but the overwhelming majority using circular logic, fallacies, personal attacks, and 'not-even-wrong' economic theories to justify putting a large portion of their income (sometimes even taking out loans) on it. Please understand that the perspective I am trying to show the readers of my comments is my own.