If you only had $100 what infrastructure company stock and what sector would you buy?
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Free registration at the forum removes this block.I wouldn’t brag about it on the internet. Just saying… I shit more $ than that every morning.If you only had $100 what infrastructure company stock and what sector would you buy?
But just stories are typical survivorship bias. If you treat as a lottery there is no issue. Nothing more than a lottery. Most people (active in Crypto) only heard about Shiba after it has done it's first 1000x-10000x.I wouldn't call $100 ridiculous to buy some shitty alt coins in this era, as it's basically the same as buying a lottery ticket. You'll almost certainly lose your money, but there are very rare cases you might also strike gold.
For instance, if our dear OP had put his $100 into Shiba Inu in August 2020, that $100 would be well over $10 million today
That said, it's not the most prudent path to take.
Define nice…If I only had $100 I would buy a nice pair of pants and a dress shirt and start applying to jobs...
On second thought, skip the pants. Apply to remote jobs. Interview on Zoom.
I would buy All 3 books of Legendary "MJ" and Read then Work my a$$ off till the day, I can purchase stocks for $1,00,000 rather than $100.If you only had $100 what infrastructure company stock and what sector would you buy?
Even 100 dollar is too ridiculous to get into crypto.You can always tell people who have no interest in business to free themselves and want to just buy something, sit around, and get rich. It's part of the crypto craze as well.
Why bust my a$$ for asymmetric returns in a business when I can just buy DOGE and chill my way to the penthouse?
If you only have $100 and this is your question, you really should use that $100 to buy a book on priorities.
Noted....Canadians eat moneyI wouldn’t brag about it on the internet. Just saying… I shit more $ than that every morning.
Even 100 dollar is too ridiculous to get into crypto.
I think 5000 is minimum to get started in crypto alt coins. And need to be lucky in getting the alt coin pumped.
But you are spot on that it attracts people with extremely low disposable income.
I have frequently seen transaction size below 20 dollar as initial investment in alt coin.
What is point in doing that? Spending hours reading white papers and chat with the developer in discord. Get a 5-10x return in six month for your total asset of $500 in the next six month? Literally far better time spent working in Macdonald.
I really wonder if there are people who aren't INSIDERS who won this cryptolottery tickets..But just stories are typical survivorship bias. If you treat as a lottery there is no issue. Nothing more than a lottery. Most people (active in Crypto) only heard about Shiba after it has done it's first 1000x-10000x.
In some ways it could be worst than lottery if you don't play the game that well. Most successful projects are schemed by big money pumping it, doing all sort of things that are illegal in the security market. It creates a false hope that you could even "get it early by luck" but in reality that's almost harder than lottery because at least lottery is fair. Big money create their own "anonymously project" and pump it. INSIDERS are almost more likely to win. A few millionaires working together decide to pump a project they created on Monday, and you wonder if you could happen to know it and buy on Monday before the pump? That's kind of fat hope right.
Because it's such a small amount of money, it's like not what you only have.If you only had $100 what infrastructure company stock and what sector would you buy?
But just stories are typical survivorship bias. If you treat as a lottery there is no issue. Nothing more than a lottery. Most people (active in Crypto) only heard about Shiba after it has done it's first 1000x-10000x.
In some ways it could be worst than lottery if you don't play the game that well. Most successful projects are schemed by big money pumping it, doing all sort of things that are illegal in the security market. It creates a false hope that you could even "get it early by luck" but in reality that's almost harder than lottery because at least lottery is fair. Big money create their own "anonymously project" and pump it. INSIDERS are almost more likely to win. A few millionaires working together decide to pump a project they created on Monday, and you wonder if you could happen to know it and buy on Monday before the pump? That's kind of fat hope right.
Is impostor syndrome a sign that a person is actually an amateur?Sometimes amateurs believe they are professionals, but professionals never believe they are amateurs.
It is possible but just very difficult. Especially when the alpha is eaten up mostly by INSIDERS.I really wonder if there are people who aren't INSIDERS who won this cryptolottery tickets..
Unless you really go 6 feet deep into the topic it seems that when you hear about this "new" crypto coin its always too late..
Also I wonder what the creators get and what role they have in pumping this up
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