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AI agents for trading, as well as 24/7 trading are no different than offering sports gambling and prediction markets to the masses; it is a vacuum for the fiat
by toomuchtodo 5mo ago
AI agents for trading, as well as 24/7 trading are no different than offering sports gambling and prediction markets to the masses; it is a vacuum for the fiat of the unsophisticated. The goal is more trading volume to generate more fees, similar story with private equity wanting access to 401ks to unload PE at peak valuations to bag holders.
https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window
- kingleopold 5mo agowell said truth
- snek_case 5mo agoMaybe synergistic with tokenmaxxing. You should be burning more tokens, and you should also be making more trades.
- toomuchtodo 5mo agoThe only way to win is to not play. https://www.bogleheads.org/wiki/Getting_started https://www.bogleheads.org/wiki/Getting_started
- thunky 5mo agoBogleheads are still playing.
- toomuchtodo 5mo agoBogleheads is maximizing potential economic gains from investing in the capital market while minimizing costs from the exposure attempt. The results from dollar cost averaging into VT or a target date fund for the next 30-50 years is likely superior to gambling on single named securities or options, for the unsophisticated.
- thunky 5mo agoRight. But you're still putting your money at risk seeking reward - aka playing the game. Outside of FDIC insured cash accounts, the most anti-gambling way to play would be to buy nothing but TIPS. But even those have a (small) risk.