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Hmm... You seem very emotional, Overnight. Why do you tell me what you were doing at the end of 2009? This is out of context, as almost your entire post. I didn't ask about who did and didn't buy BTC in 2009, nor did I tell my personal story. I stated a fact. BTC/USD was @ 0.001 at the end of...

You are preaching to a converted, Aldrums. I know that bitcoin is not a scam. It's just an extremely volatile asset compared to others. And it was also the best investment of the last decade. By far. At the end of 2009, BTC/USD was 0.001. It is now $10,945. That's a 1.1 billion % profit in less...

Agree... We should then rephrase the question like this: Is it more likely to become rich by trading or by being a maintenance employee in a dot.com startup? We already know that these two former options are way more probable than winning at the lottery, which is literally a statistical miracle...

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. - Charles Mackay, from his book, "Extraordinary Popular Delusions and the Madness of Crowds".

Erm... Zero risk, eh? LOL! Have you savvy zeroriskoers looked at the US 2Y Treasury Note? Isn't it going down the drain beautifully? Crashing into the sewers of bull like a falling star? Isn't this a piece of art? Disclamer: It will reverse with a vengeance when it does. And it's gonna be ugly...

LOL! Well, what can one say? You can't buy class, Xela! :cool:

Ditto, DaveV. Perhaps the person who asked the question should ask first: "Is it possible to become rich by being an employee?"

Absolutely, Xela. And I'd add that some brokers allow you to trade small, very small lots. Oanda, for instance, where you can open a mini-position of €1 on the EUR/USD. Size perfectly playable with, say, a $100 account. But of course, BTC or XAU are definitely out of reach when all you can...

Do you know Charlie Burton? He told me recently that people can now copy his trades via one of his apps. I don't know the details, but you can get in touch with him at ezeetrader.com. There's also etoro.com, when you can pick your own traders and copy their trades, like if you were running your...

Absolutely, Xela. I would also add that it would make even more sense to take this small percentage and adjust it in function of the volatility of whatever one wishes to trade. For instance, you can go sit quite big and fatly on the SP500 or US T-Bonds, which are real slugs, while you have be...

Sad story, Brian. Trading is just a discipline, like everything else (basketball, chess, football, F-1 racing, etc...). Some people are not made for it, that's all. I would strongly advise you not to try to shadow other traders. That would be like trying to shadow Mike Tyson at his prime on a...

Hmm... Why is this funny? A weak currency is good for indebted economies like the US. The value of debt (more than $18 trillion now) remaining the same (which is untrue because the US debt grows all the time and most likely will never be paid off), a weak dollar is good for business. Which is...

Everything is hedgeable, InTheMaking. Show me the one thing in the Universe which you can't hedge and I'll show the first quadrillionnaire in history. The US dollar is going down like there is no tomorrow. To the point where the Mexican peso has become a great investment in the US. Why do you...

Very good question, Noddyboy. Of course it does! The market is run by the guts of the populace, not by the brains of the intelligentsia! If the guts think it's overvalued, it's overvalued. End of story! Whatever the brain thinks! What moves the market is a bunch of primal gut feelings, not a...

What can I say, Overnight? Even if you win a rat race, you're still a rat. No pun intended. Why do you say Davos is stupid?

I think you know once you stop losing money. Emotions never worked well for me, although I hear success stories about "artists of trading" all the time. I always lost money trying to find and trade patterns on the stock market. I'm from an Assets & Liabilities Management background. Statistics &...

I see Sig. You mean the wealthiest by nominal GDP. But the US has a population of almost 350 millions, which certainly makes it a very populated country. I personally think that the GDP per capita is a better measure of the wealth of a nation. Furthermore we all know that the wealth of the USA...

The US stock index is mostly compensating for the drop of the USD (which is right now at a 2 years low vs pretty much any currency in the world (including the Mexican Peso), and at a 3 years low vs the stronger ones (like the EUR). If the USD continues its fall, chances are there is no stock...

Ditto, Tom. This reminds me of Gustave Le Bon's Study of The Popular Mind, which was quite an enjoyable read to me, by the way. Here: http://www.gutenberg.org/ebooks/445

Wow. Just wow. All-Merican thinkin', what can I say. Weehaw. Git yar guns loaded and saddle yar harse, partner! Let's go drop some bombs somewhere! Erm... Seriously. 1) America is not a country. Canadians, Mexicans and Peruvians are as Americans as you are. You're just a US citizen, that's...