Investments

i'm on the oposite end but i am also jobless for now until i'm done with school and working on renovations at home

Realistically i want to not have to work after i retire. So i plan on taking my IRA up from 10% to 15-20% of my pay and at the same time invest. Im trying to work on my risk taking. Im not so much worried about the loss but the fact i could have gotten something else with it.

After a quick Google search i found that bitcoin while the returns short term are good long term you have the potential to lose money. I have always stayed away from bitcoin because all it takes in the internet to go down and you lost all your money. I might just go with gold like i said gold will always be valuable due to it being used to make certain devices.

“After a quick Google search i found that bitcoin while the returns short term are good long term you have the potential to lose money.” No, after a quick google search. Bitcoin returns are good in the long term. Over the last 5 years. The price of Bitcoin increased about 9800%. Likewise, over the last 5 years. The SP&500 grew about 94%. Gold grew about 60%. Which is greater 9800%, 94%, or 60% growth? Not sure where you found this misleading notion that Bitcoin is only good in the short term. Bitcoin has been one of the best performing asset classes over the last decade. Bitcoin is certainly the most volatile. Perhaps your confusing volatility with gains? Do you have the potential to lose money in Bitcoin? Yes, but you also have the potential to lose money in stocks and gold as well. There is no 100% guarantee that you’ll make money on anything. Regardless of what you invest in. There are always risk involved. People usually lose money because of bad portfolio management. Bought off at the highs and sold off at the lows. Yes, people do this all the time. Whether it be gold, stocks, or crypto. “I have always stayed away from bitcoin because all it takes in the internet to go down and you lost all your money” You asserted that if the internet goes down. Then you lose all your money in Bitcoin. This is completely false. The block chain which makes up Bitcoin. Is not stored on the internet. Technically the blockchain (bitcoin) is stored on the hard drives. Even in the almost impossible event that the entire world internet came crashing down. Bitcoin would still survive. As the blockchain is still perfectly intact within the hard drives. In order to completely destroy Bitcoin. You would have to wipe off millions of drives that contain the Blockchain. Those hard drives are scattered throughout the world. It is completely decentralized. No single government can destroy Bitcoin. If the entire world internet came crashing down. Trust me, Bitcoin would be the least of your worries. The entire world economy would collapse. E-commerce is completely dead. Logistics of all kind would be dead. Mobile apps would be useless. Every single website would be down. Debit and credit cards are now completely worthless pieces of plastic. It would be a banking crisis. If the internet goes down. People can’t withdraw money from their accounts. How many people have excess amount of cash in their wallet in case of an emergency? If people can’t get money from their account. Then they can’t buy food. Which would make things real interesting. Shit would hit the fan real quick. @Pandus Aight, enuf wit da serious shat. I'm bacc to trolling

@alephy literally off the front page of google? It says that its good short term, while yes it has the potential to be good long term as well you also have the potential to dip in the negative. Still in the case of the internet wide shut down gold still reigns supreme due to the fact i can have it with me in person. While yes bitcoin can be stored in harddrives its much harder to sell someone crypto currency when the internet is completely gone. On a serious note though with gold its the same way some people say you can even use mined bitcoin to buy gold both of these on their own are like side investments though. Im justing thinking about liquid assets i can use in the event the USD depreciates cuz these politicians wanna ignore debt and spend more.

Yeah, Elon Musk just hit the crypto market with the jesus stick today. I'm invested in a lot of bitcoin miners, bitcoin itself, and this month took an even bigger position in cannabis stock. I'm also in solar and energy. Kamila Harris's son? Yeah, he owns a renewable energy company. This company is also making bank on the stock market. I'm just following the money trail. Dems are really good at pumping money into their special interests groups.

"Literally off the front off of Google?" That is some deep level critical thinking. You can also dip in the negative for Bitcoin. How can I argue with that? Gold never dips in the negative? Gold always stays positive? Look up the charts of gold. See if their are any dips in gold. Then get back to me. Compare and contrast graphs for different asset classes. In the case that we went back to the stone age and the entire world internet went down. Your gold is not much use either. Whose going to be accepting gold as currency? How would you cut up the gold to use it as currency? How much gold would you need? @hell_hound7

Also, you guys should check out HVBTF. Might want to take a small position on that. Could get over 10. That's my most recent pick.