71–80 of 177 posts
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Yes. This is also why Market Cap is a problematic metric in the cryptocurrency space.
What's wrong with it? Seems like a perfectly normal metric for coins just like for stocks and bonds.
I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
Depends on what you want in life. If all you care about is money, then yes, your post makes sense.
[1]: http://money.cnn.com/2017/10/26/technology/business/amazon-e...
I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
Depends on what you want in life. If all you care about is money, then yes, your post makes sense.
Earlier quoted context omitted.
Depends on what you want in life. If all you care about is money, then yes, your post makes sense.
Caring solely about money often has the side effect of making others' lives better. Amazon gainfully employs over 500k [1] people, giving them means to put food on the table. Not saying that wouldn't happen without Amazon, but more job availability is always better than less. Bezos just became the richest man ever recorded [2]. [1]: http://money.cnn.com/2017/10/26/technology/business/amazon-e... [2]: https://news.yco…
With a bit of help from the taxpayers: http://www.dispatch.com/news/20180105/amazon-makes-list-of-l...
Earlier quoted context omitted.
Caring solely about money often has the side effect of making others' lives better. Amazon gainfully employs over 500k [1] people, giving them means to put food on the table. Not saying that wouldn't happen without Amazon, but more job availability is always better than less. Bezos just became the richest man ever recorded [2]. [1]: http://money.cnn.com/2017/10/26/technology/business/amazon-e... [2]: https://news.yco…
> means to put food on the table With a bit of help from the taxpayers: http://www.dispatch.com/news/20180105/amazon-makes-list-of-l...
So, 0.14% of their workforce.
Earlier quoted context omitted.
Depends on what you want in life. If all you care about is money, then yes, your post makes sense.
Caring solely about money often has the side effect of making others' lives better. Amazon gainfully employs over 500k [1] people, giving them means to put food on the table. Not saying that wouldn't happen without Amazon, but more job availability is always better than less. Bezos just became the richest man ever recorded [2]. [1]: http://money.cnn.com/2017/10/26/technology/business/amazon-e... [2]: https://news.yco…
"Oh, Father. You're so wrong. Let me explain.
[Puts and empty water glass on his desk]
Life, which you so nobly serve, comes from destruction, disorder and chaos. Now take this empty glass. Here it is: peaceful, serene, boring. But if it is destroyed
[Pushes the glass off the table. It shatters on the floor, and several small machines come out to clean it up]
Look at all these little things! So busy now! Notice how each one is useful. A lovely ballet ensues, so full of form and color. Now, think about all those people that created them. Technicians, engineers, hundreds of people, who will be able to feed their children tonight, so those children can grow up big and strong and have little teeny children of their own, and so on and so forth. Thus, adding to the great chain of life. You see, father, by causing a little destruction, I am in fact encouraging life. In reality, you and I are in the same business.
But can I do Dollar Cost Average with BTC?
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They were irrational because if you analyzed all the coins in the top 100-200 you'll realize that it was primarily cheaply priced coins that were making the outsized gains and a lot of it can be attributed to market psychology. It feels better to own 200 of something you don't understand than 0.00159. But at the end of the day returns are returns and it makes no difference if you have 200 of a coin or 0.00159.
Isn't the worth of any crypto-currency down to market psychology though? By that metric any price movement is irrational.
Birds, for example, don't really care how much you paid for those 3000 tonnes of wheat, only that there's a hole in one of the train carriages transporting it.
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When you play the stock market (telling phrase there), are you not making a bet that your stock will increase in value?
Not necessarily, and not in the long term. You can buy stocks with no expectation they will increase in value (or even maintain value) if the dividend yield is high enough. And stocks have value because of this - the assumption in any stock, even one currently without a dividend, is that eventually it will pay out some form of a dividend to its holders. You may buy a stock hoping it will will rise in value, but that…
No one knows what going to happen tomorrow let alone in ten plus year.
My bet is: it all comes down to risk tolerance. In the long term some forms of investments have shown, historically, to be consistently less risky, or more risky, than others.
Earlier quoted context omitted.
Depends on what you want in life. If all you care about is money, then yes, your post makes sense.
Caring solely about money often has the side effect of making others' lives better. Amazon gainfully employs over 500k [1] people, giving them means to put food on the table. Not saying that wouldn't happen without Amazon, but more job availability is always better than less. Bezos just became the richest man ever recorded [2]. [1]: http://money.cnn.com/2017/10/26/technology/business/amazon-e... [2]: https://news.yco…