Regarding the SEC's crackdown on cryptocurrency, it's important to remember that regulations are put in place to protect consumers and prevent fraud. While some may view it as limiting the freedom of the market, regulations can also bring legitimacy and stability to the industry.
It's important for individuals to be aware of the risks and potential consequences of their investments, and to make informed decisions based on their own research and understanding
Topic: forget about value investing, you are not the house, you cannot win. (Read 374 times)
March 18, 2023, 10:02:36 AM
March 18, 2023, 09:57:21 AM
...If a share regularly trades between $1 and $2 dollars, maybe over the span of several years, then it obviously makes sense to buy in at $1 to sell it at $1.5 or $2. There is often little rationale in these movements, but I've seen it occur many times over the last few years...
it is an analogue to a slot machine in the casino, you would see the colour flashing bright randomly, or it also produce number randomly, does it mean you would win the bet by reading the pattern? very high odd?
March 17, 2023, 11:03:20 AM
A house or land is a good investment and is always the first choice, because a house has legality so when we really need money we can pawn it or use it to guarantee debt, of course not all houses are always profitable, but choosing a location is the most important key to success in the home business .
In the last two years I have very often seen housing complex developers increasing now and the developer first bought a large area of land to build several housing units so that they could be sold to people who needed houses and some were made for rent. Actually it's a very good idea for thinking like the developer, but for thinking like what you said I think it's still very risky if someone can't pay off their debts in a timely manner. Because the party giving the debt can of course immediately confiscate your land or house if their warnings are not heeded. So buying land or a house as an investment asset is indeed good, but I think using it to make debt is still not good because the risk is not small.
March 17, 2023, 10:16:14 AM
A house or land is a good investment and is always the first choice, because a house has legality so when we really need money we can pawn it or use it to guarantee debt, of course not all houses are always profitable, but choosing a location is the most important key to success in the home business .
March 16, 2023, 05:20:59 PM
...so I guess what they say is true but our level is different and can't fully follow what they say, sometimes rational thinking is also important.
of course we are not warren buffett. someone like to tell you can be wb, but copying anyone else is a frustrating effort, because you are not them you cant copy them exactly. you are not the house not matter how you copy them you still is not the house!
on things around because copying or trying out to achieve on what others attain would really be just messing up the things forward.You cant think off well because of the desperation that you should
really be able to precisely follow on what they had said or to those known billionaires and trying out to make yourself on the same path.This isnt
how things to be simple.
March 16, 2023, 07:49:34 AM
If you aren't the house, you can't consistently win, unless it's a very skill-based area, but if you are the house, you can also lose if you don't arrange everything right.
Anyway, I clearly lack some context with the op here, it would be nice for the op to add links to sources for that. For example, I'm not sure what Buffett's position is, and, more importantly, where is evidence of the SEC cracking down on cryptos? They've repeatedly reiterated that Bitcoin isn't a security, so it doesn't have to do with them, and that's not something an authority who wants control would do. As for other cryptos, they aren't as important, and we should then talk about specific cases of where the SEC is making things worse.
Anyway, I clearly lack some context with the op here, it would be nice for the op to add links to sources for that. For example, I'm not sure what Buffett's position is, and, more importantly, where is evidence of the SEC cracking down on cryptos? They've repeatedly reiterated that Bitcoin isn't a security, so it doesn't have to do with them, and that's not something an authority who wants control would do. As for other cryptos, they aren't as important, and we should then talk about specific cases of where the SEC is making things worse.
March 16, 2023, 04:42:41 AM
...so I guess what they say is true but our level is different and can't fully follow what they say, sometimes rational thinking is also important.
of course we are not warren buffett. someone like to tell you can be wb, but copying anyone else is a frustrating effort, because you are not them you cant copy them exactly. you are not the house not matter how you copy them you still is not the house!
March 13, 2023, 11:42:57 AM
I don't agree with you, because what I invest proves to grow and provide benefits for me.
the point is I get a return from my investment or trading.
So I do not agree with you, whatever theory you put forward.
bout that your opinion and all people feel free to share their thought
the point is I get a return from my investment or trading.
So I do not agree with you, whatever theory you put forward.
bout that your opinion and all people feel free to share their thought
March 12, 2023, 06:34:00 PM
Invest in the things you need is about the best you can do, housing being the most obvious and a few other things like energy perhaps. Most people do best by forming their own business, operating efficiently and doing well in a growth sector hopefully. Trying to do as well while investing is hard to do, it is biased to the house or market makers I tend to agree and they can trade out of hours and other tricks I guess.
March 12, 2023, 06:12:51 PM
I guess you just go against the wave in term of investing and just hoping for the best, here's the thing, we as small investors have small capital meaning we couldn't really do much against the market what we can do just finding some opportunities here and there, that's just the fate of those moneyless like majority of us, even though we gonna have hard time earning profit out of value investing but there's nothing much we can do, i'd say just keep trying finding some opportunities yourself.
what makes many lose money in investing is because some of them get that biased understanding that every investment will turns out good meanwhile many investment is just gonna make you lose money because there's whales ready to manipulate the market to their will eventually.
what makes many lose money in investing is because some of them get that biased understanding that every investment will turns out good meanwhile many investment is just gonna make you lose money because there's whales ready to manipulate the market to their will eventually.
March 12, 2023, 06:00:38 PM
Many people always recommend investing because they hope to make a profit one day, this cannot always happen due to many factors, what many people think above is normal and we as humans who have reason can of course choose which is the best for us. do, in investing of course there are profit and loss opportunities, if we want to have fixed money then keep money under the pillow, but remember there is inflation that can occur and make the value of our money decrease.
Investing is one way to earn more money in the future. But of course, not just any investment can provide money because if the investment is not right, we will not be able to profit.Crypto is one of the most popular investments and even if we don't have big capital, we can buy it with the money we provide to invest. And by using the DCA method, one day, the value of our investment will increase, especially if we invest in bitcoin. And even though some people doubt that we can get big profits, we don't need to listen to them because we believe that bitcoin can provide those benefits.
I am not good with my finances so I only live within my means.
March 09, 2023, 04:30:01 AM
Many people always recommend investing because they hope to make a profit one day, this cannot always happen due to many factors, what many people think above is normal and we as humans who have reason can of course choose which is the best for us. do, in investing of course there are profit and loss opportunities, if we want to have fixed money then keep money under the pillow, but remember there is inflation that can occur and make the value of our money decrease.
Investing is one way to earn more money in the future. But of course, not just any investment can provide money because if the investment is not right, we will not be able to profit.Crypto is one of the most popular investments and even if we don't have big capital, we can buy it with the money we provide to invest. And by using the DCA method, one day, the value of our investment will increase, especially if we invest in bitcoin. And even though some people doubt that we can get big profits, we don't need to listen to them because we believe that bitcoin can provide those benefits.
March 09, 2023, 03:14:08 AM
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life?
I think you pay attention to the news or follow the cryptocurrency market. I'm sure there are many people in this forum who are also interested in the concept of cryptocurrencies because of the advantages they can have in the market. Value investing will never be the only way to become a successful trader, as it is still necessary to know how to trade, anyone can speculate and do it often. And I agree with your statement about young people who end up losing everything and some taking it for themselves.
There will always be people who discredit value investing, but if we are honest with ourselves, it is clear that it works for some people and not for others. It depends how disciplined you are and what your risk profile is like. However, keep in mind that the market has shown a tendency to be profitable in the long run regardless of the investment strategy you adopt.
March 09, 2023, 01:31:00 AM
Many people always recommend investing because they hope to make a profit one day, this cannot always happen due to many factors, what many people think above is normal and we as humans who have reason can of course choose which is the best for us. do, in investing of course there are profit and loss opportunities, if we want to have fixed money then keep money under the pillow, but remember there is inflation that can occur and make the value of our money decrease.
March 07, 2023, 03:18:33 PM
if you are not the house, and have full control you cannot win. and you would also loss everything.
the 1933 incident tell me only one lesson, the reason president potus going full crack down on gold bars and gold certificate is all due to the government want to have control over the gold, by confiscating every gold bars they can have the control over the gold, also the control price of the gold, by having the control, the government can be the house of this gold market, price and the volume. Yes just three element they want to control to be the house, price, volume and the market, market is also called the buyer and seller, or called it bidder and asker market. Did the governemnt suceed in controlling the gold market to date? They seem to be having some success, but the gold is always unregulatable. Government confiscate gold bars is a certainty, unlike value investing which is a made up intellectual assumption and a lie.
what about the warren buffett always sing about his philosophy of value investing wherever he goes? A lot of young people on the /biz follow his books and some of them invest his life saving many of them even take out home loan to invest based on his value investing philosophy, some of the kill himself over the loss?
well in my opinion, warren buffett is a senile old man, and irresposible with his political views, he is politician in nature. For his value investing student, they become the victim of natural selection, by foolishly listen to a well known oracle of the omaha, they ended up commit a sin of crime without a victim but themselve to be blamed, they kill themselves over the loss and become part of a statistic to the eduacted one, despite many have been killed it would not changed the warren buffett opinion on his irresponsible advices.
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency, by being the house in cryptocurrency they can always win, there really isn't much lesson to be learnt, it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life? they are good and decent people who follow rules obediently but they end up having to kill themselves? idk I didn't create this society, I am unable to change this world, but the very little I can do is try to educate people on what is absolutelt wrong about this world, and I try not to be keep all to myself, and share as much as I could, so some can be saved, although many would still fall victim.
the 1933 incident tell me only one lesson, the reason president potus going full crack down on gold bars and gold certificate is all due to the government want to have control over the gold, by confiscating every gold bars they can have the control over the gold, also the control price of the gold, by having the control, the government can be the house of this gold market, price and the volume. Yes just three element they want to control to be the house, price, volume and the market, market is also called the buyer and seller, or called it bidder and asker market. Did the governemnt suceed in controlling the gold market to date? They seem to be having some success, but the gold is always unregulatable. Government confiscate gold bars is a certainty, unlike value investing which is a made up intellectual assumption and a lie.
what about the warren buffett always sing about his philosophy of value investing wherever he goes? A lot of young people on the /biz follow his books and some of them invest his life saving many of them even take out home loan to invest based on his value investing philosophy, some of the kill himself over the loss?
well in my opinion, warren buffett is a senile old man, and irresposible with his political views, he is politician in nature. For his value investing student, they become the victim of natural selection, by foolishly listen to a well known oracle of the omaha, they ended up commit a sin of crime without a victim but themselve to be blamed, they kill themselves over the loss and become part of a statistic to the eduacted one, despite many have been killed it would not changed the warren buffett opinion on his irresponsible advices.
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency, by being the house in cryptocurrency they can always win, there really isn't much lesson to be learnt, it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life? they are good and decent people who follow rules obediently but they end up having to kill themselves? idk I didn't create this society, I am unable to change this world, but the very little I can do is try to educate people on what is absolutelt wrong about this world, and I try not to be keep all to myself, and share as much as I could, so some can be saved, although many would still fall victim.
It some ways, I thank you because these sort of bad warnings and misguided opinions make it easier to find bargains in the market. Anyone who has been investing sensibly for some time will see that prices fluctuate for a company based on very little but random whims. If a share regularly trades between $1 and $2 dollars, maybe over the span of several years, then it obviously makes sense to buy in at $1 to sell it at $1.5 or $2. There is often little rationale in these movements, but I've seen it occur many times over the last few years. It is still alive and well, but don't for a minute think you can rush in and identify these assets without any losses, like anything - buying stocks is an art and sometimes you will rack up failures on the way.
March 07, 2023, 11:00:01 AM
actually some successful motivators or investors on a large scale give their way without seeing the difference between them, for example someone with an income of say 1000 $ / month follows the lifestyle or style of a very rich person or runs their system with their very much different circumstances that is suicide .
so I guess what they say is true but our level is different and can't fully follow what they say, sometimes rational thinking is also important.
so I guess what they say is true but our level is different and can't fully follow what they say, sometimes rational thinking is also important.
March 06, 2023, 01:50:16 PM
You can win, as long as you pretend dead.
https://www.businessinsider.com/forgetful-investors-performed-best-2014-9
...
"They were dead."
...
...forgot that they had any bitcoins or died long time ago.
... then it is just going to be another story.
https://www.businessinsider.com/forgetful-investors-performed-best-2014-9
Quote
...
"They were dead."
...
...forgot that they had any bitcoins or died long time ago.
... then it is just going to be another story.
satoshi too once quoted, "lost bitcoin made everyone else bitcoin slightly more valuable", i agree, that is also the only reason i find bitcoin appealing, i'm not saying i am in to make lot of money, i'm saying it is a war, the died soldier collapsed and so that all other soldier can live to fight another day. no soldier is getting filthy rich from the struggle anyway. the prize we all want is the victory which is priceless, not about taking profit, not about making money. btw i do not like to talk about all the awful people on the wall street, they are chilling on the dead people for the profit, that is completely morally corrupted, moral crisis.
Oh no, it's Broly46!
...far longer than I thought any government would allow. That's not to say that I'm for regulation, but when you've got the average Joe getting scammed by exchanges like FTX, it becomes a spectacle that those awful human beings on capitol hill can't ignore.
... Buffett did and still does it, so that should be proof enough for you.
...far longer than I thought any government would allow. That's not to say that I'm for regulation, but when you've got the average Joe getting scammed by exchanges like FTX, it becomes a spectacle that those awful human beings on capitol hill can't ignore.
... Buffett did and still does it, so that should be proof enough for you.
i have a bad feeling, the SEC are now on steroid, they are going one after another big exchange routinely, it is unprecedented! i had no idea what could be the reason behind their aggression. it seem they are determined to crack down everything back to the stone age.
There are many that have made lots of money with investing and they aren’t rich either...
...It’s those who trade options or with margin that usually lose money and blame everybody.
...It’s those who trade options or with margin that usually lose money and blame everybody.
it is fine to blame everybody, i wouldn't have interested on bitcoin until i start to blame, i basically blame to heart content, i loss the money on investing stock and my friends all call me stupid for making loss and mistake. they introduce me to stock investing hence i follow their advice to invest next i got blame for being idiot and loss money that is some joke isn't it and i got pranked for being obedient? i am still bitter about it today.
i feel sorry to the guy who was given advices to not blame anyone when they loss money in investing, instead they pay the tuition fee after making bad trade just like the gentlemen and warren buffett also tell all student to pay the price for making mistake and stfu get smarter and keep playing until they win, now i can see how horrible wb is, he has become more feminazi than woman is, to protect his child's interests he could go as far as turn entire world into chaos, i see all of them are unable to make noise, follow the warren buffett obediently, didn't invest in bitcoin due to wb and also call me idiot for being stupid loser, they have all their freedom stolen from them and being lock up in a cage, a fangless lion, not allow to blame, not allow to stop paying tuition fee for making mistake, not allowed to quit gambling(investing), and their wife keep wasting their money on trivial and stupid thing and won't allow them to meet another woman online, poor soul to me, what a married happy ending life for the guy. btw i won't stop here, i would double down and insult them for the past humiliation they push on me, an eye for an eye? huh? btw i am lucky enough to start blaming as soon as possible, a lot of people having to kill themselves but not allow to blame anyone else after making a lifesaving of loss listening to the scammer and their financial advices. the generational wealth, this time is different, wagmi, lamborghini, fast car fast house fast woman orgy party.
March 06, 2023, 12:48:35 AM
There are many that have made lots of money with investing and they aren’t rich either. However they were patient and held unlike most who started to trade in 2021 for the first time and got a rude awakening when the bear market came.
Many invest for their retirement and they come out ahead. Even investing some of your portfolio in bonds would pay out. It’s those who trade options or with margin that usually lose money and blame everybody.
Many invest for their retirement and they come out ahead. Even investing some of your portfolio in bonds would pay out. It’s those who trade options or with margin that usually lose money and blame everybody.
March 05, 2023, 11:16:16 AM
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency
Oh no, it's Broly46!Of course the SEC wants to dip its fingers into crypto regulation, and aren't you surprised that it's actually taken this long for them to do it? Bitcoin has been around for well over a decade now, and the wild west days seemed to stretch on forever--far longer than I thought any government would allow. That's not to say that I'm for regulation, but when you've got the average Joe getting scammed by exchanges like FTX, it becomes a spectacle that those awful human beings on capitol hill can't ignore.
I've not been following the situation as far as what they're doing, but I'm hoping they don't crack down too hard on crypto. And as far as value investing goes, that's a very niche style of putting your dollars to work. Only people with a lot of patience and knowledge of business can do it successfully--but it can be done. Buffett did and still does it, so that should be proof enough for you.
March 05, 2023, 06:39:07 AM
You can win, as long as you pretend dead.
https://www.businessinsider.com/forgetful-investors-performed-best-2014-9
You know this was also the case with bitcoin. Those who got super rich from bitcoin were the same people which either forgot that they had any bitcoins or died long time ago.
If you are one of those guys that stare at the charts alk day, make trades etc then yes you are not going to be the winner in the long run.
If you just forget that you had assets... then it is just going to be another story.
https://www.businessinsider.com/forgetful-investors-performed-best-2014-9
Quote
Fidelity Reviewed Which Investors Did Best And What They Found Was Hilarious
O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..."
Ritholtz: "They were dead."
O'Shaughnessy: "...No, that's close though! They were the accounts of people who forgot they had an account at Fidelity."
O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..."
Ritholtz: "They were dead."
O'Shaughnessy: "...No, that's close though! They were the accounts of people who forgot they had an account at Fidelity."
You know this was also the case with bitcoin. Those who got super rich from bitcoin were the same people which either forgot that they had any bitcoins or died long time ago.
If you are one of those guys that stare at the charts alk day, make trades etc then yes you are not going to be the winner in the long run.
If you just forget that you had assets... then it is just going to be another story.
March 05, 2023, 06:30:46 AM
I don't understand how value investing is bad ...going bust. ...never something that has literally zero risk.
And don't even get me started ...part.
And don't even get me started ...part.
investing is for having higher life standard. as i doomday prepper, i don't fancy a life with having fast car fast house fast woman, why should a doomday prepper need to invest into anything, or to improve the life standard? in the end only the rich can enjoy all the wealth of higher life standard too. btw it tiring to enrich the corrupted rich people, they are all born rich, also they do not need you to make their life better, all they need is fast car fast house and fast woman, just like the typical wall street broker. so value investing is better than investing, but why do you need it again, to improve living standard, to a doomday prepper?
...the financial systems because they are the causes of economic problems in ... that the poor have rich people in other countries, but this is what happens. .
So education and more of it is the solution.
So education and more of it is the solution.
don't blame the financier, all the banker are hardworking and decent human being, they are just the typical wageslave too, they also follow the system go to school get good grade and get good paying job with benefit and they also hoping a happy ending in life just like anyone else, they can also occassionally fall victim into ponzi and online scam and loss their lifesaving and loss their job, i am telling you not to hate anyone, as a doomday prepper, and peasant also lowest class unimpressive netizen, i should be happy by own nothing and be happy and blame nobody for our loss.
....then definitely you can never beat the house and win over it.
as a doomday prepper, we never have the desire to beat the house. also a peasant who is lowest class hardworking wageslave, we should never dream of beating a house who is known to be above us in social class. every house is upper class human who is filthy rich and powerful.
...And always understand what you are investing in the first place, so you will never fall on wrong decision making that will eventually lead to an investment failure.
yup, don't even thinking of beating the house. not a doomday prepper nor a peasant stand a chance to beat the house.
...energy wither - people worn out too. the pride break. At the end the only thing stand by you is good deed.
it is good to have your name circulate all over the internet, and be recall again and again. you would see the name of bitcoin founder become everybody else inspiration, the name and statue of bitcoin founder getting built, not for the cause of getting filthy rich, not for the cause of amass 99.9% of all wealth.
March 05, 2023, 12:20:05 AM
I guess you need to explain what "being the house" means in this context.
allow me to do a little history briefing, it is wall of text btw. you may skip to avoid any mental agony.
Quote
in my opinion, there is very few house, there is only three items which i can consider it is the house, yup just three and there won't be a lot of house, it has been true since medieval age. the term "house" derived exactly from the word "house" in the oxford dictionary, house being a concrete box, where you can live and start a life or family, that's it, it is just as boring as it sound, there is nothing complex in content or context on it. the three items mentioned as house being the gold(house of money) real estate(house of land) and the casino owner(house of card), all three of them are called the house, all three of them have existed for more than a few thousands years, fyi gold and real estate and casino owner(aka the house of card) has been rooting to a history of over a few thousands years. and you would wonder why there are just three items, because that is the bare minimium for a prepper(or a peasant, a peasant without a political title, a farmer, the lowest rank/class human) to survive under any extreme condition, it has been true for thousands years and never once failed where ruling class is all filthy rich upperclass amass 99% of all wealth and peasant are all dirt poor and there is also middle class who work for upperclass, when you look at society today do you see similarity, the modern feudalism where 99.9% population is peasant while the 0.01% is elected vp, congressmen?
gold, real estate, and the casino owner. only this three "property" is the house, and these house must always win. would i reconsider whether bitcoin could be a "house" too. it is complicated to me, bitcoin only existed in less than ten years, but gold and real estate and casino owner has been around for longest time ever, they are all time tested "house" and they are also time tested always win (they have win rate 100% in thousands years), human races has been visiting casino for gambling and living in real estate and trading gold for many thousands years. yes, all gold and real estate and casino owner can never loss, 100% win rate, even during world wars they still must win 100%! for over too many years, thousands years of civilization, they are still relevant today. i'm unable to decide whether bitcoin can be considered a house, it hardly existed more than ten years and hardly thousands years time tested, not to forget bitcoin need to run on top of a computer, without computer there is no need for bitcoin too. it is hard to decide, i would like to consider bitcoin, but it has a lot of counterparty risk such as electricity, mining, icann, internet, and computer, it is hard to justify bitcoin can be a house, just simply illogical to think so.
although i didn't consider bitcoin a "house", but it is indisputable bitcoin does successfully in changing my perception on "money", a hard money, a money that is as hard as a rock, for your knowledge, money is not time tested, every money during the civilization do not last more than 200 years, (a lot of paper money come and go and never get mentioned again today in the last thousands years, nobody care about the paper money that is traded during the world war II, no bank want to accept the old world war II paper money too), bitcoin can be considered a new form of money, which is in line with the mainstream news perception on "bitcoin is the evolution of money, bank has to adopt it or getting phase out." am i trying to assert the definition that bitcoin is a money and would not last more than 200 years? well i hope i can make it clear, i would hope bitcoin to last forever, but in my lifetime that won't be my concern, i won't be living 200 years in this world to see bitcoin still existed in the future society, but that is more than enough for me survive without having to worry too much on bitcoin getting obsoleted, my only concern now is fiat would face the same fate very soon and in 200 years fiat would die and it is very near to its dead, it is too near to be honest, i need to escape or i would die too, which make bitcoin much appealing, better alternative to fiat which is about to die, bitcoin could last another 190 years that is enough for me to feel safe since i would have likely died by the time bitcoin getting obsoleted in the next 190 years.
back to topic, "you are not the house, you cannot win", it stand very true, you can never dream of beating gold, real estate and casino, even though you risk your life to try, you would still loss, you simply stand no chance to beat them. many try to beat the house, many have failed, many have died trying to beat the house, do not believe me, a lot of gamblers commit suicide trying to beat the house, read the news and horror story, do not just believe me.
about why it has to be 200 years? in my opinion, money is a form of memory in our mindset, in other word a perception "fiat is money" that live rent free in our mindset, we spend time resource and energy (opm opt opr) to make a piece of paper money work, "buying a piece of memory" make a lot of sense, fiat has value on our hand, because the bank spend a lot of time resource and energy to combat the counterfeit fiat, it is said "visa spend more energy on running the fiat currency than bitcoin protocol," it is true, the vast amount of energy on visa transaction is spend on combating the counterfeit digital fiat money, visa did a lot of verifying in their computer system to ensure the digital money they received through the mechant is "valid and genuine", all the anti counterfeiting digital fiat procedure required a lot of computing energy that's also why visa is a very energy hungry money, (that sound like fiat is also a Proof of Work), when it come to oversea money remittance the energy used to combat counterfeit fiat get more tedious, and bitcoin protocol make a better alternative to visa in comparison, "bitcoin consume less energy than visa in the same hundreds of billions dollar transacted with POW" which is a very big milestone to the money transfer system, because the energy saving is jaw dropping! and why money could only last just 200 years? because people would forget the piece of memory as time past, when the last person who accept the fiat cease to existed in this world, that is also spell the end of the memory of the fiat money they hold.
"your wealth won't last more than two generations" hold very true, two generations also means just 200 years, when the last person cease to existed it is also spell the memory with the person would also be gone, just within 200 years, nobody can recall the memory from the 200 years ago, that also include they can't recall the money that is traded by the people from 200 years ago, the memory of them are all totally forgotten. look at the paper money from world war II, anyone care? zoomers try very hard to ignore every memory concerning the world wars, zoomers also do not want any paper money sourced from the world wars II? also the loss of memory of the paper money also result on nothing of value is loss to the future generation, your grand son do not need your obsoleted money and they would still live well in the future society. memory loss and money getting obsoleted might be the only reason warren buffett getting very pervasive on value investing, his approach although is questionable but he did successful in trapping a lot of young people with debt and loss money on investing, the youth who have debt would likely help keeping the money strong and never be forgotten and obsoleted within 200 years, the more debt the young people have, the stronger the money, the stronger the economy, and the less likely the money to be obsoleted.
warren buffett going insane on bitcoin is clear proof that he is insecure about the money (notably his money too) getting obsoleted, when youth all get out of debt and making insane profit out of bitcoin, it make his money getting less and less relevant, and eventually the money is totally obsoleted when all the youth pay off their debt with the profit coming from bitcoin.
gold, real estate, and the casino owner. only this three "property" is the house, and these house must always win. would i reconsider whether bitcoin could be a "house" too. it is complicated to me, bitcoin only existed in less than ten years, but gold and real estate and casino owner has been around for longest time ever, they are all time tested "house" and they are also time tested always win (they have win rate 100% in thousands years), human races has been visiting casino for gambling and living in real estate and trading gold for many thousands years. yes, all gold and real estate and casino owner can never loss, 100% win rate, even during world wars they still must win 100%! for over too many years, thousands years of civilization, they are still relevant today. i'm unable to decide whether bitcoin can be considered a house, it hardly existed more than ten years and hardly thousands years time tested, not to forget bitcoin need to run on top of a computer, without computer there is no need for bitcoin too. it is hard to decide, i would like to consider bitcoin, but it has a lot of counterparty risk such as electricity, mining, icann, internet, and computer, it is hard to justify bitcoin can be a house, just simply illogical to think so.
although i didn't consider bitcoin a "house", but it is indisputable bitcoin does successfully in changing my perception on "money", a hard money, a money that is as hard as a rock, for your knowledge, money is not time tested, every money during the civilization do not last more than 200 years, (a lot of paper money come and go and never get mentioned again today in the last thousands years, nobody care about the paper money that is traded during the world war II, no bank want to accept the old world war II paper money too), bitcoin can be considered a new form of money, which is in line with the mainstream news perception on "bitcoin is the evolution of money, bank has to adopt it or getting phase out." am i trying to assert the definition that bitcoin is a money and would not last more than 200 years? well i hope i can make it clear, i would hope bitcoin to last forever, but in my lifetime that won't be my concern, i won't be living 200 years in this world to see bitcoin still existed in the future society, but that is more than enough for me survive without having to worry too much on bitcoin getting obsoleted, my only concern now is fiat would face the same fate very soon and in 200 years fiat would die and it is very near to its dead, it is too near to be honest, i need to escape or i would die too, which make bitcoin much appealing, better alternative to fiat which is about to die, bitcoin could last another 190 years that is enough for me to feel safe since i would have likely died by the time bitcoin getting obsoleted in the next 190 years.
back to topic, "you are not the house, you cannot win", it stand very true, you can never dream of beating gold, real estate and casino, even though you risk your life to try, you would still loss, you simply stand no chance to beat them. many try to beat the house, many have failed, many have died trying to beat the house, do not believe me, a lot of gamblers commit suicide trying to beat the house, read the news and horror story, do not just believe me.
about why it has to be 200 years? in my opinion, money is a form of memory in our mindset, in other word a perception "fiat is money" that live rent free in our mindset, we spend time resource and energy (opm opt opr) to make a piece of paper money work, "buying a piece of memory" make a lot of sense, fiat has value on our hand, because the bank spend a lot of time resource and energy to combat the counterfeit fiat, it is said "visa spend more energy on running the fiat currency than bitcoin protocol," it is true, the vast amount of energy on visa transaction is spend on combating the counterfeit digital fiat money, visa did a lot of verifying in their computer system to ensure the digital money they received through the mechant is "valid and genuine", all the anti counterfeiting digital fiat procedure required a lot of computing energy that's also why visa is a very energy hungry money, (that sound like fiat is also a Proof of Work), when it come to oversea money remittance the energy used to combat counterfeit fiat get more tedious, and bitcoin protocol make a better alternative to visa in comparison, "bitcoin consume less energy than visa in the same hundreds of billions dollar transacted with POW" which is a very big milestone to the money transfer system, because the energy saving is jaw dropping! and why money could only last just 200 years? because people would forget the piece of memory as time past, when the last person who accept the fiat cease to existed in this world, that is also spell the end of the memory of the fiat money they hold.
"your wealth won't last more than two generations" hold very true, two generations also means just 200 years, when the last person cease to existed it is also spell the memory with the person would also be gone, just within 200 years, nobody can recall the memory from the 200 years ago, that also include they can't recall the money that is traded by the people from 200 years ago, the memory of them are all totally forgotten. look at the paper money from world war II, anyone care? zoomers try very hard to ignore every memory concerning the world wars, zoomers also do not want any paper money sourced from the world wars II? also the loss of memory of the paper money also result on nothing of value is loss to the future generation, your grand son do not need your obsoleted money and they would still live well in the future society. memory loss and money getting obsoleted might be the only reason warren buffett getting very pervasive on value investing, his approach although is questionable but he did successful in trapping a lot of young people with debt and loss money on investing, the youth who have debt would likely help keeping the money strong and never be forgotten and obsoleted within 200 years, the more debt the young people have, the stronger the money, the stronger the economy, and the less likely the money to be obsoleted.
warren buffett going insane on bitcoin is clear proof that he is insecure about the money (notably his money too) getting obsoleted, when youth all get out of debt and making insane profit out of bitcoin, it make his money getting less and less relevant, and eventually the money is totally obsoleted when all the youth pay off their debt with the profit coming from bitcoin.
now you challenge me to explain what is "being the house",
it is as simple as to be doing nothing, just be the house and always win. to be the house and always win, all you need to do is buy gold, buy a house and lastly be the casino owner. to be value investing, you do exactly the opposite, believe in you can beat the house, do not buy gold, do not buy house, do not be casino owner, but believe you stand a chance to beat the house, you think you are more powerful than a house and can beat the house alone and like the superhero who beat every villian in the video, and believe by sticking with value investing, looking at the value on the screen, the stock screener, you think you saw an opportunity to make a winning "the beat the house" bet and success, fat hope.
March 04, 2023, 06:56:47 PM
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life? they are good and decent people who follow rules obediently but they end up having to kill themselves? idk I didn't create this society, I am unable to change this world, but the very little I can do is try to educate people on what is absolutelt wrong about this world, and I try not to be keep all to myself, and share as much as I could, so some can be saved, although many would still fall victim.
at the end dust to dust return - we all will die one day leaving everything here
there is one thing for sure - energy wither - people worn out too. the pride break. At the end the only thing stand by you is good deed.
March 04, 2023, 04:39:53 PM
Don’t you think that having that kind of mindset in which you are blaming the young ones looking up to someone who has proven and shown credibility with his wealth is wrong?
I see it mostly negative with your view and you don’t even suggest anything else. There are also some people who have been successful with the following him, so I guess it has something to do with luck as well.
How can young people or even me and you be a house to win don’t you see something valuable and believe that it is like bitcoin and if you believe in that value in which bitcoin offers don’t you think that it is the same as the principle of the value investing?
If you stick to this negative mindset, then you will never be successful in any type of investment you want to venture. Remember that investments have their own risk and they cannot guarantee profit taking all the time, it’s a matter of winning and losing actually like how you win and lose from gambling. But you can always increase the chance of winning if you invest in those investments with high potentials to succeed and those who have been proven profitable by a lot of successful investor. And always understand what you are investing in the first place, so you will never fall on wrong decision making that will eventually lead to an investment failure. I see it mostly negative with your view and you don’t even suggest anything else. There are also some people who have been successful with the following him, so I guess it has something to do with luck as well.
How can young people or even me and you be a house to win don’t you see something valuable and believe that it is like bitcoin and if you believe in that value in which bitcoin offers don’t you think that it is the same as the principle of the value investing?
March 04, 2023, 04:30:07 PM
I don't understand how value investing is bad just because a lot of people end up going bust. Investing isn't something that has a 100% win rate in the first place; it was never something that has literally zero risk.
And don't even get me started with the "you are not the house, you cannot win" part.
Investments are not totally safe and profitable that’s why we should not entrust our life savings into it. But saying all investments would only end up at a loss, I have to say it’s only happening for those who only invest without risk awareness, without prior knowledge and skills about the investment, and with greed as their motivation to invest. Surely, investing this way will never be successful. However, if you invest in the right investments, if you know your investments well and you are doing the right thing, then you will have the advantage to win over the market. But if you invest like when you are gambling, then definitely you can never beat the house and win over it. And don't even get me started with the "you are not the house, you cannot win" part.
March 04, 2023, 10:23:15 AM
-cut-
but the gold is always unregulatable.
-cut-
Gold is highly regulated.but the gold is always unregulatable.
-cut-
Lastly why are the SEC now cracking down heavily on the cryptocurrency?
governent isn't cracking down "cryptocurrencies", they are cracking down centralized elements from it. For a longest time people have been saying why decentralization is the main thing in cryptos. This is the reason. Government can remove any centralized elements like fiat backed stablecoins. They can even remove fiat pairs from CEXes so you have seen nothing yet. After that we would go back to trading ALT/BTC pairs-cut-
it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
-cut-
I guess you need to explain what "being the house" means in this context. it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
-cut-
March 04, 2023, 04:02:29 AM
If you think in advance that you can't win, you certainly won't win...There are many ways to win ...the SEC that you criticise has done very well to consider it a commodity and not a security...
tbh many thing that is not even worth trying, include self harm and trying to kill oneself, but do we have a lot of people "trying" to do it despite knowing it is not worth trying at all? (kill yourselves, you want to argue it is worth killing yourselves, just for the sake of making profit and become instant internet celeb?)
investing is one of them not even worth trying. it make zero sense to try to enrich the owner of the conpany by buying and propping up their stock price. yeah you would likely say i can make money flipping his stock price, by any means you think it is worth trying for making profit for yourselves, that is really toiling too hard to me. you are not the house too.
now would you think about why it is always the professional, such as teacher engineer lawyer doctor accountant who often loss lifesaving on investing all over the news? i strongly convinced they are professional who dare to trying in life, since they enjoy trying the impossible, and it become their habit and they doesn't even grow suspicious on it, even though it would harm themselves by investing all of their life saving.
finally i begin to wonder whether go to school, get good grade, get a good paying job with benefit is even worth trying when the job security is totally uncommon in today competitive market where the company you worked for often go bust?
...Many lottery winners who take a fast track to wealth end up poor again, within a short span of time... The key to beating the house is having some degree of discipline...
many lottery winners, in fact i have seem lottery gambler making winning bet, they made some few thousands dollar of prizes money from their lucky numbers pairing, but they often failed to say they also has a lot of losing bet which sum up to a few thousands dollar of loss too. what about the prize they win after the occasional lucky bet? obviously they didn't stick to the old adage of "you should quit gambling as soon as you make some small profit in casino and never look back." a lot of untold horror stories from the gambling addict, obviously i would not even interest in listening to their rant. but that is the reality in life, nobody would listen to the poor and unimpressed, if you are rich and successful everybody would listen to you.
...I don't think topics relating to finance, politics and the economy are rocket science. Most people are intelligent enough to figure out everything about them...
to me, economy is pretty much a make believe, full stop. most people are intelligent enough do not apply to the netizen on the /biz, they sound totally like crack head to me, are people today intelligent enough to fix the money problem? i often head about very intelligent people today could not even fix a $200 money problem in life, they are often having endless problem when it come to $200 debt payment.
...the least motivated and the least knowledgeable believe that their key to salvation is the most motivated and most knowledgeable fighting for them. But this is not where the biggest gains can be made.
i believe you are trying to say making mistake is exactly how to improve vastly in life. i am completely vouch for making mistake in life, because every miracle in life obviously must come from people who willing to challenge the unknown, aeroplane didn't just magically appear in the wild, light bulb didn't existed naturally unless thomas edison experiment on it, nuclear energy is a work of mistake created by einstein, they are all unlike what warren buffett tout about his magically compouding value investing, he said it is just existed so you just believe on it and you do not ask why, or even trying contradict with his point of views.
You're forget if most of cryptocurrencies are centralized... it's good if SEC want to have a control over the centralized coins in order to minimize the scam coins exist on the exchanges...
...But even though SEC want to control Bitcoin, they can't 100% control it ... via P2P without need permission from the centralized party.
most crypto is centralized, that also include bitcoin itself, the segwit in the bitcoin itself is unironically highly centralized, to help lower the transaction fee. why is centralisation gaining traction, idk?
SEC would try to regulate, but before the SEC come in and trying to regulate, there is too many attempt to control the bitcoin, a lot of hackers try to control the code and they are all failed, i do not know what is SEC is capable of, i do not think they have a chance, the SEC can't even take down the bit torrent protocol.
...mindset in which you are blaming ...proven and shown credibility with his wealth is wrong?
...it is the same as the principle of the value investing?
...it is the same as the principle of the value investing?
warren buffett prove himself to be bailing out by the fed, with massive bailout in the expense of taxpayer money, that is a lot of courage and credibility to me, and he become the shiny example to the generation to come to emulate this success, by getting bailout when they screwed up trillion dollars in life, bravo, no wonder we have ftx, and lunatic today!
March 04, 2023, 02:54:41 AM
No one will control you unless you give him the opportunity to do so. Many people blame the financial systems because they are the causes of economic problems in their countries, but even countries where the average per capita income is high complain about the division of society into classes. It is true that the poor have rich people in other countries, but this is what happens. .
So education and more of it is the solution.
So education and more of it is the solution.
March 04, 2023, 01:18:22 AM
I don't understand how value investing is bad just because a lot of people end up going bust. Investing isn't something that has a 100% win rate in the first place; it was never something that has literally zero risk.
And don't even get me started with the "you are not the house, you cannot win" part.
And don't even get me started with the "you are not the house, you cannot win" part.
March 04, 2023, 12:20:16 AM
Don’t you think that having that kind of mindset in which you are blaming the young ones looking up to someone who has proven and shown credibility with his wealth is wrong?
I see it mostly negative with your view and you don’t even suggest anything else. There are also some people who have been successful with the following him, so I guess it has something to do with luck as well.
How can young people or even me and you be a house to win don’t you see something valuable and believe that it is like bitcoin and if you believe in that value in which bitcoin offers don’t you think that it is the same as the principle of the value investing?
I see it mostly negative with your view and you don’t even suggest anything else. There are also some people who have been successful with the following him, so I guess it has something to do with luck as well.
How can young people or even me and you be a house to win don’t you see something valuable and believe that it is like bitcoin and if you believe in that value in which bitcoin offers don’t you think that it is the same as the principle of the value investing?
March 04, 2023, 12:07:42 AM
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency, by being the house in cryptocurrency they can always win, there really isn't much lesson to be learnt, it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
You're forget if most of cryptocurrencies are centralized, without SEC have a control over the coins, the developer already have full control over his coins, so he can freeze, changing the protocol and manipulate the price. I actually think it's good if SEC want to have a control over the centralized coins in order to minimize the scam coins exist on the exchanges.But even though SEC want to control Bitcoin, they can't 100% control it because many people can send their coins via P2P without need permission from the centralized party.
March 03, 2023, 06:49:52 PM
There are many who beat the house on a consistent basis. I think the biggest opponent isn't the house. But rather people tend to be their own biggest opponents. Many lottery winners who take a fast track to wealth end up poor again, within a short span of time. They cannot control themselves and spend their way into debt, no matter how much money they have. Having self control and discipline is a super power that not everyone has. The key to beating the house is having some degree of discipline. Being able to avoid being impulsive and not making critical choices based on emotion. Many do not have this. They must beat themselves before they can beat the house.
I don't think topics relating to finance, politics and the economy are rocket science. Most people are intelligent enough to figure out everything about them. But choose not to. They see it as a burden and avoid it. If they see something about COVID-19 being a lab leak. They work extremely hard to forget what they saw so as not to be "burdened" by it. While this may be a sad precedent. It is the area in society where the biggest gains can be made.
The biggest gains for civilization cannot be made by the most motivated people being more motivated. It can be made by the least motivated trying harder. The biggest gains for society can't be made by the most knowledgeable gaining more knowledge. The biggest gains are found in the least knowledgeable people trying harder to learn.
We face a strange situation where the least motivated and the least knowledgeable believe that their key to salvation is the most motivated and most knowledgeable fighting for them. But this is not where the biggest gains can be made.
I don't think topics relating to finance, politics and the economy are rocket science. Most people are intelligent enough to figure out everything about them. But choose not to. They see it as a burden and avoid it. If they see something about COVID-19 being a lab leak. They work extremely hard to forget what they saw so as not to be "burdened" by it. While this may be a sad precedent. It is the area in society where the biggest gains can be made.
The biggest gains for civilization cannot be made by the most motivated people being more motivated. It can be made by the least motivated trying harder. The biggest gains for society can't be made by the most knowledgeable gaining more knowledge. The biggest gains are found in the least knowledgeable people trying harder to learn.
We face a strange situation where the least motivated and the least knowledgeable believe that their key to salvation is the most motivated and most knowledgeable fighting for them. But this is not where the biggest gains can be made.
March 03, 2023, 09:34:39 AM
I do not know, but if they want to control, they can easily create companies and invest about a trillion dollars,
who create this society? in my opinion, the control freak create this society, they are control freak because they can't allow anything that is out of order, they are like the pirate who control the sea, and the pirate own everything on the sea. As we all know pirate rule the sea, they are the house of the sea, and the pirate always win. they control everything on the sea, pirate can't allow anyone to be out of their sight and control, pirate demand anyone and any boat which sailing on their sea to pay tribute and protection money, the pirate is the control freak of the sea, the pirate is the house and the house always win. the pirate today is the control freak of the society, they are the house of this society, they can't allow anything to be out of order, they must always win.
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March 03, 2023, 09:13:20 AM
If you think in advance that you can't win, you certainly won't win. If you think otherwise, you may not win, but you try. There are many ways to win if we refer to investments that are not value investing, one of them is to buy bitcoin, and the SEC that you criticise has done very well to consider it a commodity and not a security like the thousands of shitty alts that exist and that do not stop being created.
What the SEC is trying to do is curtail unknown investments. If we see what happened with FTX, the way centralized exchanges are managed is very chaotic, and this includes a large part of altcoins and stablecoins.
This. As far as it goes, it makes sense.
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction.
I do not know, but if they want to control, they can easily create companies and invest about a trillion dollars, they will control a good percentage of the market and with the operation of more mining equipment, they will have an estimated percentage of the decentralization of the network.What the SEC is trying to do is curtail unknown investments. If we see what happened with FTX, the way centralized exchanges are managed is very chaotic, and this includes a large part of altcoins and stablecoins.
This. As far as it goes, it makes sense.
March 03, 2023, 07:50:15 AM
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction.
I do not know, but if they want to control, they can easily create companies and invest about a trillion dollars, they will control a good percentage of the market and with the operation of more mining equipment, they will have an estimated percentage of the decentralization of the network.What the SEC is trying to do is curtail unknown investments. If we see what happened with FTX, the way centralized exchanges are managed is very chaotic, and this includes a large part of altcoins and stablecoins.
For Bitcoin, as long as decentralized platforms develop, government control over the currency decreases.
March 03, 2023, 05:37:05 AM
if you are not the house, and have full control you cannot win. and you would also loss everything.
the 1933 incident tell me only one lesson, the reason president potus going full crack down on gold bars and gold certificate is all due to the government want to have control over the gold, by confiscating every gold bars they can have the control over the gold, also the control price of the gold, by having the control, the government can be the house of this gold market, price and the volume. Yes just three element they want to control to be the house, price, volume and the market, market is also called the buyer and seller, or called it bidder and asker market. Did the governemnt suceed in controlling the gold market to date? They seem to be having some success, but the gold is always unregulatable. Government confiscate gold bars is a certainty, unlike value investing which is a made up intellectual assumption and a lie.
what about the warren buffett always sing about his philosophy of value investing wherever he goes? A lot of young people on the /biz follow his books and some of them invest his life saving many of them even take out home loan to invest based on his value investing philosophy, some of the kill himself over the loss?
well in my opinion, warren buffett is a senile old man, and irresposible with his political views, he is politician in nature. For his value investing student, they become the victim of natural selection, by foolishly listen to a well known oracle of the omaha, they ended up commit a sin of crime without a victim but themselve to be blamed, they kill themselves over the loss and become part of a statistic to the eduacted one, despite many have been killed it would not changed the warren buffett opinion on his irresponsible advices.
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency, by being the house in cryptocurrency they can always win, there really isn't much lesson to be learnt, it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life? they are good and decent people who follow rules obediently but they end up having to kill themselves? idk I didn't create this society, I am unable to change this world, but the very little I can do is try to educate people on what is absolutelt wrong about this world, and I try not to be keep all to myself, and share as much as I could, so some can be saved, although many would still fall victim.
the 1933 incident tell me only one lesson, the reason president potus going full crack down on gold bars and gold certificate is all due to the government want to have control over the gold, by confiscating every gold bars they can have the control over the gold, also the control price of the gold, by having the control, the government can be the house of this gold market, price and the volume. Yes just three element they want to control to be the house, price, volume and the market, market is also called the buyer and seller, or called it bidder and asker market. Did the governemnt suceed in controlling the gold market to date? They seem to be having some success, but the gold is always unregulatable. Government confiscate gold bars is a certainty, unlike value investing which is a made up intellectual assumption and a lie.
what about the warren buffett always sing about his philosophy of value investing wherever he goes? A lot of young people on the /biz follow his books and some of them invest his life saving many of them even take out home loan to invest based on his value investing philosophy, some of the kill himself over the loss?
well in my opinion, warren buffett is a senile old man, and irresposible with his political views, he is politician in nature. For his value investing student, they become the victim of natural selection, by foolishly listen to a well known oracle of the omaha, they ended up commit a sin of crime without a victim but themselve to be blamed, they kill themselves over the loss and become part of a statistic to the eduacted one, despite many have been killed it would not changed the warren buffett opinion on his irresponsible advices.
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency, by being the house in cryptocurrency they can always win, there really isn't much lesson to be learnt, it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life? they are good and decent people who follow rules obediently but they end up having to kill themselves? idk I didn't create this society, I am unable to change this world, but the very little I can do is try to educate people on what is absolutelt wrong about this world, and I try not to be keep all to myself, and share as much as I could, so some can be saved, although many would still fall victim.
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