Dissident Sound on Nostr: learn the difference between trading and investing. investing is when you know ...
learn the difference between trading and investing.
investing is when you know something has fundamental value, like land, and you buy it because you know it will hold that value.
trading is when you buy something because you believe it will go up in price, whether or not it has any fundamental underlying value or not. another words for this is speculation.
B1tC0iNers are traders LARPing as investors. they buy B1tC0iN because it's going up then make up mythical explanations for why it fundamentally has value.
i cannot advise you either for or against buying B1tC0iN - just make sure you understand the difference between Trading and Investing and make sure you can remain dispassionate and don't get emotional or get sucked into cults which always form around any asset that has been going up for a long time such as B1tC0iN, Tesla or Apple.
buying a fundamentally worthless "asset" can be a rational decision if you can be certain that there are enough idiots who will keep buying it ( because they believe it has value ) to drive the price up further. but you can only be truly certain of that if you're not one of the idiots yourself.
if the only other people buying the worthless "asset" are all also rational and all also know it is worthless and buying it only because it's going up - that is a very dangerous situation - because it can reverse on a dime.
this is why B1tC0iNers always lie and tell gullible children that B1tC0iN is fundamentally valuable because they need somebody to hold the bag when it's time for them to cash out ...
a teen lifeguard at my pool was telling everybody proudly about how he is investing in B1tC0iN and Tesla and it was clear that has had no understanding of anything i just said ... people like him are the ultimate victims of charlatans like the ones we have here on NOSTR
Prince Aleph (npub1xy6…8w7v)
investing is when you know something has fundamental value, like land, and you buy it because you know it will hold that value.
trading is when you buy something because you believe it will go up in price, whether or not it has any fundamental underlying value or not. another words for this is speculation.
B1tC0iNers are traders LARPing as investors. they buy B1tC0iN because it's going up then make up mythical explanations for why it fundamentally has value.
i cannot advise you either for or against buying B1tC0iN - just make sure you understand the difference between Trading and Investing and make sure you can remain dispassionate and don't get emotional or get sucked into cults which always form around any asset that has been going up for a long time such as B1tC0iN, Tesla or Apple.
buying a fundamentally worthless "asset" can be a rational decision if you can be certain that there are enough idiots who will keep buying it ( because they believe it has value ) to drive the price up further. but you can only be truly certain of that if you're not one of the idiots yourself.
if the only other people buying the worthless "asset" are all also rational and all also know it is worthless and buying it only because it's going up - that is a very dangerous situation - because it can reverse on a dime.
this is why B1tC0iNers always lie and tell gullible children that B1tC0iN is fundamentally valuable because they need somebody to hold the bag when it's time for them to cash out ...
a teen lifeguard at my pool was telling everybody proudly about how he is investing in B1tC0iN and Tesla and it was clear that has had no understanding of anything i just said ... people like him are the ultimate victims of charlatans like the ones we have here on NOSTR
Prince Aleph (npub1xy6…8w7v)