- Joined
- Sep 15, 2014
- Messages
- 4,341
- Likes
- 8,855
- Degree
- 8
People invest in penny stocks and make money too. I see scams about them too.
There are winners in Forex as well, I assume people travel the world on their profits from Forex trading. But still 80% of Forex trades are losses. The vast majority of people loss money when they Forex trade.
Lets go to simple businesses, 70% of businesses fail within the first year of business (if they have employees - if zero employees the number goes up to near 95%). If you are the percentage that survive from then on every year you have an increased likelihood you will fail, up-to 99% for the next 4 years. Basically there is a very good chance you will be out of business in 5 years. If you somehow survive that you still have a high likelihood you will not be in the same business in 10 years.
Yet somehow there are business owners that make money and “fly around the world on their profits.”
There are winners in buttcoin. There are winners in stocks. There are winners in Forex. There are winners in business. But the vast majority of people who participated in these activities will lose, just based off of stats.
Conveniently you keep ignoring the argument that Buffet does not invest in buttcoin. There is not a single connection that the BOA investment has anything to do with crypto, yet you inferred it and doubled down on it.
I’m not making up this nonsense, it’s like all those Outbrain ADs at the bottom of news website articles: “This guy bought Amazon stock at $3, see what he recommends now!”
Instinctively you know in the back of your mind it is a scam. But people still click cause the will to want to succeed easily is greater than common sense.
Why would someone tell you what stocks are about to skyrocket? Cause of the goodness of his heart? Give me a break. He want to make money off of you, Period.
Here is a simple tweet about these Buffet buttcoin scam ADs:
Maybe I could have bought Amazon at $3 if I listened to the charlatan. What you are doing is playing on Fear Of Missing Out (FOMO).
You are also literally in it to make a quick buck on the uprise, you don’t give a shit if ZAP is going to save the world from an alien invasion or whatever it claims.
If you actually cared about cryptocurrency you would realize in order for a currency to work it has to stay stable, that goes against your profit motive.
The fact that the twitter crypto musk celebrity scam make $110k tells you that there indeed are suckers born every minute.
And to this date you still cannot point to a single source or DIRECT connection that Warren Buffet is investing in cryptocurrency.
He doesn’t even invest in tech stock.
People are tweeting about these Warren Buffet crypto scams... Come on. If you use Buffet, Musk, Gates, or anyone’s name as a reason it’s clearly to manipulate the masses with FOMO tactics, there is no other reason to invoke their names.
How are these not obvious pump and dump scams? How are these not get rich quick schemes?
There has to be a voice of dissent. Otherwise people will come to me on skype stating they bought crypto cause of BuSo recommendations- cause no one bothered stating “Hey this sounds like a scam.”
I almost got fooled into the XRP frenzy until I stepped back and remembered “these nerd-coins provide no value to the world.” It’s just speculation to make a quick buck. I deal with bankers, they aren’t smarter than anyone else, in fact I would say the opposite.
Tacit approval is you hear some bullshit, but don’t say anything. A portion of the audience will walk away thinking “Well since no one objected it must be true.” Then they go off and spread the word - misquoting stuff, and by the time it gets 10 levels deep it’s “CCarter and the BuSo gang said Warren Buffet is all in on buttcoin and we should mortgage our house to go all in.”
No.
If you hear bullshit call it out, otherwise we’ll continue getting this circus world we live in right now.
There are winners in Forex as well, I assume people travel the world on their profits from Forex trading. But still 80% of Forex trades are losses. The vast majority of people loss money when they Forex trade.
Lets go to simple businesses, 70% of businesses fail within the first year of business (if they have employees - if zero employees the number goes up to near 95%). If you are the percentage that survive from then on every year you have an increased likelihood you will fail, up-to 99% for the next 4 years. Basically there is a very good chance you will be out of business in 5 years. If you somehow survive that you still have a high likelihood you will not be in the same business in 10 years.
Yet somehow there are business owners that make money and “fly around the world on their profits.”
There are winners in buttcoin. There are winners in stocks. There are winners in Forex. There are winners in business. But the vast majority of people who participated in these activities will lose, just based off of stats.
Conveniently you keep ignoring the argument that Buffet does not invest in buttcoin. There is not a single connection that the BOA investment has anything to do with crypto, yet you inferred it and doubled down on it.
I’m not making up this nonsense, it’s like all those Outbrain ADs at the bottom of news website articles: “This guy bought Amazon stock at $3, see what he recommends now!”
Instinctively you know in the back of your mind it is a scam. But people still click cause the will to want to succeed easily is greater than common sense.
Why would someone tell you what stocks are about to skyrocket? Cause of the goodness of his heart? Give me a break. He want to make money off of you, Period.
Here is a simple tweet about these Buffet buttcoin scam ADs:
Maybe I could have bought Amazon at $3 if I listened to the charlatan. What you are doing is playing on Fear Of Missing Out (FOMO).
You are also literally in it to make a quick buck on the uprise, you don’t give a shit if ZAP is going to save the world from an alien invasion or whatever it claims.
If you actually cared about cryptocurrency you would realize in order for a currency to work it has to stay stable, that goes against your profit motive.
The fact that the twitter crypto musk celebrity scam make $110k tells you that there indeed are suckers born every minute.
And to this date you still cannot point to a single source or DIRECT connection that Warren Buffet is investing in cryptocurrency.
He doesn’t even invest in tech stock.
People are tweeting about these Warren Buffet crypto scams... Come on. If you use Buffet, Musk, Gates, or anyone’s name as a reason it’s clearly to manipulate the masses with FOMO tactics, there is no other reason to invoke their names.
How are these not obvious pump and dump scams? How are these not get rich quick schemes?
There has to be a voice of dissent. Otherwise people will come to me on skype stating they bought crypto cause of BuSo recommendations- cause no one bothered stating “Hey this sounds like a scam.”
I almost got fooled into the XRP frenzy until I stepped back and remembered “these nerd-coins provide no value to the world.” It’s just speculation to make a quick buck. I deal with bankers, they aren’t smarter than anyone else, in fact I would say the opposite.
Tacit approval is you hear some bullshit, but don’t say anything. A portion of the audience will walk away thinking “Well since no one objected it must be true.” Then they go off and spread the word - misquoting stuff, and by the time it gets 10 levels deep it’s “CCarter and the BuSo gang said Warren Buffet is all in on buttcoin and we should mortgage our house to go all in.”
No.
If you hear bullshit call it out, otherwise we’ll continue getting this circus world we live in right now.
