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TheSingulatarian t1_itosbdy wrote

Reply to comment by cy13erpunk in How should an individual best prepare for the next five - ten years? by BinyaminDelta

No, I actually want OP to become wealthy. Bitcoin is for suckers.

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cy13erpunk t1_itqjz1p wrote

bitcoin is for suckers huh? i guess that's why blackrock and the billionaires of the world are stocking up on it

XD

fwiw a total stock market index is probably the safest way to invest in that aspect of the market yes , but at this point in time it would be foolish to ignore the adoption of the next technological revolution in finance [the biggest in our lifetimes]

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TheSingulatarian t1_itqkwmq wrote

Have you been listening to Rich Dad podcast again?

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cy13erpunk t1_itqlepu wrote

nope ; too busy reading other stuff

is this something that kyosaki talks about?

EDIT - didnt even know he had a podcast , but ofc he does becuz why wouldnt he , there's a podcast for everything isnt there? XD

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TheSingulatarian t1_itqm3ws wrote

He did until Bitcoin crashed.

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cy13erpunk t1_itr1olm wrote

fair-weather friends dont seem like the best advocates ill give you that XD

this happens every market cycle , and expecting the adoption cycle of a disruptive technology to be a 45 angle upwards without volatility is naïve

i think its fair to compare the bitcoin/crypto markets to the early .com interwebs ; both overhyped too early on but grossly underestimated long-term

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TheSingulatarian t1_its4j7k wrote

Bitcoin has no intrinsic value. It is purely speculative. It depends on there always being a greater fool to pay more than you did. Eventually you run out of fools. No different than the Tulip Bulb Mania that gripped Europe 400 years ago.

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DeviMon1 t1_itpaq8c wrote

Bitcoin sure, but smth like NANO ( instant feelea crypto is the way

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DeviMon1 t1_itpb61f wrote

Bitcoin sure, but smth like NANO (instant feeless crypto) is the way

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