Crypto Market is a place for real speculators ;

Here4money said:
Nonsense, sure the market is turbulent right now but all this QE makes it impossible to speculate. Crypto remains intra day volatile albeit not as much as before. BTC doubled in price in what, the last two months?
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Btc doubled, while Wayfair stock went x6 for example... I think there is more juice in the stock market, probably better said, there are more pigs to be slaughtered.

My point is that stocks are not trading based on any fundamentals right now. So many people have gotten into stock market. Robinhood traders, trading from mobile phone, moms and pops... Never EVER in the history of mankind could you buy a stock in 5 minutes by swapping your phone, which literally anybody can do.

Name of the game is to rip everyone off their last buck.

Not so long ago, everyone wanted to be a doctor or a lawyer. Lately, kids want to become youtubers and what not. I think in the next years, people will aspire to become traders. It seems so lucrative. You are your own boss, you can trade from a phone on a beach and you make a lot of money. And it's accessible to everybody, everywhere.

It's a perfect trap.
 
orbit23 said:
...youtubers...
I think in the next years, people will aspire to become traders.
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They want that since Jesse Livermore & it's big dreams at the worst of times :

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(probably at 7 by now or worse)

It's becoming a question more of a patience than of intelligence.

If i question myself, what led me to the trading/investing ;
the fact that i could spend 300/400 hours on a single drawing (multiple times), was a part of that.
(not bragging, so ironic tho, when i would listen for the Jobs speech, where he would say : ,,Eventually the dots will connect and all of it will make sense'')

One also needs the ambition, it's like that dark matter/fuel, that pushes you forward.

Seen many friends, who are intelligent and we share same passions, but they simply have no desire to make it big.
They have - enough.
They have - ambition, but it's fueled by quick pleasures. If it was build on a long term vision of success, they could make it, but you rarely can give that. A man/woman has to be born/grown up in certain type of environment, to have it.

Pressure builds diamonds.
Very little of pressure among those 14 years youtubers. And lots of joints.
Pareto Distribution will always be in ,,control''. Even with symbiosis (Neuralink), as long as there is human element in it, some will always do better.
 
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