Cryptocurrencies

[OngBonga]

Your bank savings are insured up to £85k by FSCS in the UK at least, and probably for similar amounts in other civilized countries. So no, it's not a gamble unless you put more than £85k into one bank.

I don't think it will be long before people can actually insure their crypto assets. Once insurers are confident in it, they'll rake it in.

I mean all investments are gambles

Yeah of course, but we're pretty much at the point now, imo, where crypto is no more gambling than poker is. It depends on your skill, not your luck. You remove luck by having a diverse portfolio... investing in lots of coins at the same time.

What you're saying here is kind of like saying people were dumb for not investing in microsoft when it was 2cents a share or whatever.

Kind of. The difference is, nobody knew what the fuck Microsoft was when it was valued at 2c a share. I remember BTC getting to $100 and thinking I had missed the boat. It's taken me until 2021 to realise there's always a boat waiting in this market.

It's nice to tell yourself there's really some angle involved and you can oustmart the pros

This isn't what I'm trying to do. I'm not competing with anyone here. I'm trying to identify good opportunities for growth. At the very least, I hope I improve at this over time.

[Poopadoop]

This isn't what I'm trying to do. I'm not competing with anyone here. I'm trying to identify good opportunities for growth. At the very least, I hope I improve at this over time.

You're implying there's skill involved because you noticed a trend and jumped on the curve. The problem is the trend is very sensitive to variance as the graph I posted showed, and past performance is a very poor predictor of future performance for these types of investments.

I mean it's just your weed money or w/e so not that big a deal, but the idea that you or anyone else has a good idea where this rollercoaster is going is a bit fantastic to me, sorry.