Do you think cash has value? Is a depreciating asset that gets printed. The idea of a currency where no more will be printed during a time where the entire world is losing value is a smart idea. Cash was backed by gold in the 70s. When that stopped, cash started it's road to zero. Moose, I'm a fan, but a video bashing a investment that has lead the stock market over a decade is silly.
@cobb1434 every bubble eventually pops. I'm here because I'm a fan of increasing dividend returns and capital gains from a quality portfolio. Why invest in the modern tulip when (and I'll paraphrase Warren Buffet here) you can have the returns of the greatest companies on earth as the basis of your wealth? To carry on with the Buffet paraphrase at least with gold you have a pile of shiny metal while crypto leaves you with a series of bits and bytes on a hard drive.
Bashing is a big word IMO. I even mentioned it makes sense to have a small investment in bitcoin would make sense. If we based our investment decision on what beat the market in the past 5 and 10 years, we must add GME to that list... We'll see if one day we will buy stuff at the grocery and price will be in BTC. Who knows :-)
@cobb1434 funny how YT seems to have deleted my comment referring to Warren Buffet's comments on gold as my reasoning behind preferring owning stocks over crypto. Does the platform not like Warren? 😆
You'll have to tell Royal Bank then. www.rbcroyalbank.com/healthcare-financial-solutions/royal-college/advice-and-learning/article/?title=a-tale-of-tulips-the-first-ever-market-crash
No...fear of losing everything...
1 part FOMO plus 1 part fear of stupidly throwing money away
Im doing great, but will be dollar cost averaging out half my holdings over the next couple of months!
With an intrinsic value of $0 I'm not interested in ever putting money into crypto.
Do you think cash has value? Is a depreciating asset that gets printed. The idea of a currency where no more will be printed during a time where the entire world is losing value is a smart idea. Cash was backed by gold in the 70s. When that stopped, cash started it's road to zero. Moose, I'm a fan, but a video bashing a investment that has lead the stock market over a decade is silly.
@cobb1434 every bubble eventually pops.
I'm here because I'm a fan of increasing dividend returns and capital gains from a quality portfolio.
Why invest in the modern tulip when (and I'll paraphrase Warren Buffet here) you can have the returns of the greatest companies on earth as the basis of your wealth?
To carry on with the Buffet paraphrase at least with gold you have a pile of shiny metal while crypto leaves you with a series of bits and bytes on a hard drive.
Bashing is a big word IMO. I even mentioned it makes sense to have a small investment in bitcoin would make sense. If we based our investment decision on what beat the market in the past 5 and 10 years, we must add GME to that list... We'll see if one day we will buy stuff at the grocery and price will be in BTC. Who knows :-)
@cobb1434 funny how YT seems to have deleted my comment referring to Warren Buffet's comments on gold as my reasoning behind preferring owning stocks over crypto.
Does the platform not like Warren? 😆
educate yourself. the tulip story is fake.
You'll have to tell Royal Bank then. www.rbcroyalbank.com/healthcare-financial-solutions/royal-college/advice-and-learning/article/?title=a-tale-of-tulips-the-first-ever-market-crash
The BBC says otherwise.