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Posted on 4/21/21 at 7:16 pm to finchmeister08
quote:
they have made a lot of money this year. A lot of money. But they also make a lot of money on cocaine, playing futures, betting on football games. But these are not investment strategies.”
If I could legally invest in cocaine, I would be all in.
Dave sells basic advice to stupid people, so he’s probably correct for his core audience.
Posted on 4/21/21 at 7:19 pm to Yellerhammer5
Exactly, bitcoin is an intelligence test.
Posted on 4/22/21 at 7:00 am to 21JumpStreet
quote:
Can anyone find Dave's opinion on the internet back in the day?
He said to stick with encyclopedias, phone books, and wisdom passed on from gramps to get info...internet too risky.
Posted on 4/22/21 at 8:12 am to Gpfather
Everyone knows these aren’t currently “sound” investments. They are “plays”. Much like a gambling play. I doubt anybody is dumping their entire 401k into this shite. Just a couple Gs here and there to see where it all lands.
Posted on 4/22/21 at 8:21 am to MileHighDraw
quote:What are you referring to here?
Everyone knows these aren’t currently “sound” investments. They are “plays”. Much like a gambling play. I doubt anybody is dumping their entire 401k into this shite. Just a couple Gs here and there to see where it all lands.
Posted on 4/22/21 at 8:51 am to MileHighDraw
quote:
Everyone knows these aren’t currently “sound” investments. They are “plays”. Much like a gambling play. I doubt anybody is dumping their entire 401k into this shite. Just a couple Gs here and there to see where it all lands.
bitcoin isnt sound? WTF do you call 32,000% gains in the last decade. A decade of steady gains. Sure there are pull backs, who gives a shite? overall it has went from pennies to a market cap that rivals gold.
Not a sound investment? It is the most sound investment any person can make. Go ask CE Tiger is Chainlink was a sound investment or not.
Keep taking your finacial advice from a boomer who thinks its a good idea to take cash and put it in labeled envelopes to pay bills.
I like dave but he is catering to retards most of the time and his advice doesnt apply to anyone with any semblance of a fricking idea on how to manage money. Nor does his advice make sense from a math stand point. He is simply catering to dumbasses that need to change habits, but that doesnt mean crypto isnt a sound investment.
Not dumping a portion of your 401k into crypto is stupid if you are able to do so.
Posted on 4/22/21 at 11:04 am to finchmeister08
Dave is great at "get out of debt" advice which many need.
He is not good at investing.
Look, I think I'm a pretty decent CPA when it comes to maximizing your after-tax income.
If I had to audit a company's financials, yeah, I could probably fumble through it, but it would not be very good at all. In fact, I know this, and so I don't do any audits.
Dave needs to go back to focusing on the thing he is good at. And people need to stop calling his show asking for investment advice.
He is not good at investing.
Look, I think I'm a pretty decent CPA when it comes to maximizing your after-tax income.
If I had to audit a company's financials, yeah, I could probably fumble through it, but it would not be very good at all. In fact, I know this, and so I don't do any audits.
Dave needs to go back to focusing on the thing he is good at. And people need to stop calling his show asking for investment advice.
Posted on 4/22/21 at 11:38 am to lsu777
A couple govt regulations could cripple Bitcoin and crypto. In the grand scheme of things crypto is still in a “beta testing” phase. Don’t get me wrong. Lots of money to be made but idk anyone who is 100% comfortable “investing” in crypto. Everyone is “playing” with crypto though.
Posted on 4/22/21 at 11:42 am to MileHighDraw
A year of shutdowns could crush the stock market
Posted on 4/22/21 at 11:46 am to jimbeam
Didn’t the stock market just grow at record highs the past year?!
Posted on 4/22/21 at 12:04 pm to MileHighDraw
Every time crypto is regulated, in a Negative fashion by national government, the price spikes and usage goes up. Isn’t BTC near an all time high right now?
Posted on 4/22/21 at 12:21 pm to MileHighDraw
quote:
Didn’t the stock market just grow at record highs the past year?!
*Joker “And. Here. We. Go!” gif
This post was edited on 4/22/21 at 12:22 pm
Posted on 4/22/21 at 12:50 pm to MileHighDraw
quote:
A couple govt regulations could cripple Bitcoin and crypto
you mean like when other countries have tried to regulate????
yea how has that worked out?
If you dont understand decentralization that is ok, but no government on earth can outlaw or ban crypto. What they going to do....tax it? Newsflash....they already do. WTF they gonna regulate?
quote:
In the grand scheme of things crypto is still in a “beta testing” phase.
well in that case so is every stock you buy. As 99% of the tokens on the market (especially erc-20 tokens) are nothing more than funding mechanisms behind protocols offering services....you know like a company
quote:
s of money to be made but idk anyone who is 100% comfortable “investing” in crypto
HI
Now you have. I assume you have prolly heard of that guy Elon musk, he seems pretty comfortable enough...I mean enough to invest tens of millions. Citibank seems to be pretty damn comfortable considering the leaked memo showing what they think BTC will get to by years end.
Its ok you dont feel comfortable, there was a time when my dad was uncomfortable with the internet. My grandpa even thought the internet was the devils work at first....they eventually saw the light. Im sure you will be too.
quote:
Everyone is “playing” with crypto though.
considering i bought my first btc at $0.13, I think I am doing a little more than playing at this point. I mean a decade ago when i was buying and selling just doubling my money I was playing, but a decade of expierence means I am doing a little more than playing.
I play with my dick and I promise that doesnt last 10 min much less 10 years.
as far as the stock market being at record highs...tends to happen with government manipulation of fiat currency, which defi aims to stop.
Posted on 4/22/21 at 1:20 pm to lsu777
Sorry buddy. Didn’t mean to hurt you feelings. Just saying crypto isn't seen as an “investment” to most of the people buying it up. It’s mostly millennials depositing a few hundo at at a time.
Let me know when people start tying crypto in mutual funds and retirement funds.
Let me know when people start tying crypto in mutual funds and retirement funds.
Posted on 4/22/21 at 1:35 pm to MileHighDraw
quote:
Let me know when people start tying crypto in mutual funds and retirement funds.
Be ready for it. Big banks and hedge funds are moving in now.
Posted on 4/22/21 at 1:56 pm to MileHighDraw
quote:
Sorry buddy. Didn’t mean to hurt you feelings.
You didnt trust me
quote:
Just saying crypto isn't seen as an “investment” to most of the people buying it up
then wtf is it? something that has gone up 32,000%, yes 32 thousand percent, isnt an investment? Why because it isnt what boomers traditional invested in?
quote:
It’s mostly millennials depositing a few hundo at at a time
97% of americans are not even putting a couple hundred into 401k per month yet you are saying millennials that are putting that much into crypto are not investing? WTF are they doing then? It sure isnt gambling when these investments overtime have been going up. How is it different than the guys on here buying stocks? or anyone buying stocks?
Is it just not an "investment" because boomers arent doing it? or is it because its too new for you and you dont understand it?
quote:
Let me know when people start tying crypto in mutual funds and retirement funds.
pay attention then because there are already trust you can by and etfs are coming soon.
I can have my ira buy trust that and companies that are tied to bitcoin and with greyscale other trust are approved already. So just because you dont know how to do it or are satisfied with your annual 6% growth its not investing?
Imagine being satisfied with the kind of growth Dave Ramsey brags about, fricking laughable. 6-8?
:rotflmao: Yea you have made much more than that this year, but 6-8% is what Dave preaches, yet you have the nerve to call an investment that has expierenced over 4 thousand times as much. hell that measily couple hundred dollars put into bitcoin on this date 5 years ago would now be worth over 50k. But yea its not investing
Posted on 4/22/21 at 2:01 pm to lsu777
Just relax buddy.
Posted on 4/22/21 at 2:55 pm to lsu777
quote:
hell that measily couple hundred dollars put into bitcoin on this date 5 years ago would now be worth over 50k. But yea its not investing
The same could be said about some penny stocks, but for everyone that is now worth $50k there are tens of thousands where that couple of hundred bucks is now worth from $0 to a $.05. It’s the difference between actual investing and gambling, 5 years ago Bitcoin was the latter.
Posted on 4/22/21 at 3:08 pm to EA6B
quote:
The same could be said about some penny stocks, but for everyone that is now worth $50k there are tens of thousands where that couple of hundred bucks is now worth from $0 to a $.05. It’s the difference between actual investing and gambling, 5 years ago Bitcoin was the latter.
was it? 5 years ago on this date it was right at $250. if you take out the big gain in july of 2010 and say you bought at 0.08 that would be a over 3000x
how is that not an investment?
quote:
The same could be said about some penny stocks, but for everyone that is now worth $50k there are tens of thousands where that couple of hundred bucks is now worth from $0 to a $.05
look at bitcoin over last decade, if you held for any 3 year period. no matter if you bought at a peak right before a crash, you would be better off today than before. pretty damn solid investment and not really like a penny stock at all. more like grabbing google when it went on IPO.
But hey yall do you, i dont really care. I believe history has already shown me to be right. But dont believe me...call WIKI, he is on his super yacht though so maybe hard to get ahold of him.
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