I can't wait until large firms, or very rich people start throwing a lot of money at mining and start co-opting cryptocurrencies
Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
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Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#32I can't wait until large firms, or very rich people start throwing a lot of money at mining and start co-opting cryptocurrencies
You think they aren't? Mining is a multi billion dollar industry.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#33ROI of creating an investment portfolio 1 year ago, and selling today: - All Bitcoin: ~500% - Mix of top market: ~2800% - All Strat: ~13500% Meanwhile, stock investors call 12% a good year.
Eh, I don't really know where to start to explain how wrong this is.
The crypto market is still niche. There are stocks that make 100-1000% performance. But the stock market is "saturated" for representing assets, equities and companies. So its growth is limited.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#34ROI of creating an investment portfolio 1 year ago, and selling today: - All Bitcoin: ~500% - Mix of top market: ~2800% - All Strat: ~13500% Meanwhile, stock investors call 12% a good year.
Meanwhile, people said stuff like this before 2000 about all sorts of individual stocks.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#35ROI of creating an investment portfolio 1 year ago, and selling today: - All Bitcoin: ~500% - Mix of top market: ~2800% - All Strat: ~13500% Meanwhile, stock investors call 12% a good year.
Eh, I don't really know where to start to explain how wrong this is. The crypto market is still niche. There are stocks that make 100-1000% performance. But the stock market is "saturated" for representing assets, equities and companies. So its growth is limited.
I agree with:
> The crypto market is still niche. There are stocks that make 100-1000% performance. But the stock market is "saturated" for representing assets, equities and companies. So its growth is limited.
so I do not see how my post was wrong. These are the numbers. With such numbers, it would be foolish to discard the crypto market as "too volatile" and stick with stocks.
There are crypto coins that did way better than Strat, but there was not enough volume to make a decent profit. Even Doge did 260%. The only "loser" is STEEM with a 80% ROI.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#36ROI of creating an investment portfolio 1 year ago, and selling today: - All Bitcoin: ~500% - Mix of top market: ~2800% - All Strat: ~13500% Meanwhile, stock investors call 12% a good year.
All Strat?
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#37Earlier quoted context omitted.
Why not just buy ETFs?
Vanguard sells the very best ETFs (that are simply additional share classes of their mutual funds) exactly because they are so focused on indexing.
Schwab has the lowest cost index funds ETFs: https://www.schwab.com/public/schwab/investing/accounts_prod...
Additionally, Fidelity offers index funds at a lower cost than Vanguard: https://www.fidelity.com/mutual-funds/investing-ideas/index-...
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#38ROI of creating an investment portfolio 1 year ago, and selling today: - All Bitcoin: ~500% - Mix of top market: ~2800% - All Strat: ~13500% Meanwhile, stock investors call 12% a good year.
Meanwhile, people said stuff like this before 2000 about all sorts of individual stocks.
Agreed, and there probably will be a year where nearly all coins tank. It would be foolish to invest all your profits back into the market, year after year.
But should this stop you (or any investment firm) to seriously look at the profit potential here? What do you get for correctly calling the bubble in 3 years? Nothing.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#39ROI of creating an investment portfolio 1 year ago, and selling today: - All Bitcoin: ~500% - Mix of top market: ~2800% - All Strat: ~13500% Meanwhile, stock investors call 12% a good year.
All Strat?
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#40I can't wait until large firms, or very rich people start throwing a lot of money at mining and start co-opting cryptocurrencies
This is sarcasm, right?