/biz/ - Business & Finance

Hello

I’m your friendly neighbor from a different site and wanted to give a quick advice for you guys investing in crypto and other risky investments.

For the love of all that is good in this world sell everything and buy some S&P index funds and sit on it for 50 years.

You basically won the lottery. Congratulations. You will try to tell yourself you were smart and knew more than the market but that is a lie. I went through the same thing. I know someone who turned 200k into $2 million and then lost *all of it* and more (because he used margin). The entire market was flat to down and you are up almost 2000%. Think about how absurd that rate of return is. It isn't sustainable. 4k to 70k in a few months (or a year, or 5 years ,or even 10 years) is ludicrous.

If you keep going, it'll never be enough. What you are doing is gambling, and from this point onward you will forever be chasing that first high. Meanwhile, you will lose everything. If you want to buy a house, you have more than enough for a down payment on a damn nice place. If you do need more, then save up money your wages or your money from some other sustainable business practice. Make sure you have enough cash to pay the tax man at the end of the year.

Much love.

>>10486270
>new paradigm
i mean i get what you're saying but take a step back and really look at what you're saying
if there was ever a company I'd invest in when what you're saying happens, it wouldn't be AMZN it would be fucking NVIDIA or a microchip manufacturer

>>10486244
triple the investing in 2017, they still make a profit yearly; they have a plan either to cut out the human element to save money, improve their logistic system to justify even more profits from their prime membership revenue stream, or something else with their web services; no fucking clue what they got planned
they make money; but they made 5 billion in the last 3 years as a 865 billion dollar company
the only claim you can make is their reliability in making money, but not making a lot
I'm just staying out of it; I don't have the money or the time, but I think whenever retribution comes it will be blood fucking red with profit taking