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I was replying to the comment that stated that you need a significant amount of capital in order to make life altering gains, even if you had a crystal ball. I
by didgetmaster 2y ago
I was replying to the comment that stated that you need a significant amount of capital in order to make life altering gains, even if you had a crystal ball.
I was arguing that with the right information, you could turn a few bucks into a massive fortune (bitcoin being a single example).
- ghaff 2y agoRags to Riches and all that given a sufficiently long time horizon and the right drive and savvy, and luck. I do think there are relatively few cases where you can just drop someone in the right place at the right time with a few dollars and expect them to succeed, especially in the short-term.
- didgetmaster 2y agoOf course MOST rags to riches stories are accumulated over decades of hard work with some luck sprinkled in; but almost every day you hear of a few turning a few bucks into a fortune overnight. Lottery winners, meme stock traders, and sports betting are just a few examples. Everyone knows it can happen. That is why get-rich-quick schemes work.
- ghaff 2y agoSure, if I know the Powerball winner or some weird meme stock spike a day in advance, but that's getting a bit off the topic of seeing the front page of a major news source a day earlier for the most part. (And even the meme stock takes money to really take advantage of)
- Terr_ 2y agohttps://xkcd.com/1827/ https://xkcd.com/1827/