this post was submitted on 05 Jan 2024
714 points (94.5% liked)

Memes

45724 readers
584 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
714
Which pill do you choose? (i.imgur.com)
submitted 10 months ago by TehBamski@lemmy.world to c/memes@lemmy.ml
421 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] SpaceNoodle@lemmy.world 16 points 10 months ago (2 children)

Nobody with money to invest is going to listen to a manic six-year-old.

[–] foggy@lemmy.world 9 points 10 months ago* (last edited 10 months ago) (2 children)

I think you're mistaking how little would need to be invested.

I think my dad would start listening to his god-omen stock predicting son after a few missed billions.

"Dad listen, my college tuition? Fuck it. Put it down on Bitcoin in Jan of 2009 and sell on November 9th 2021 for ~$25T."

I'd have over 10 trillion cash after taxes. Literally would have more cash than anyone on earth.

[–] YtA4QCam2A9j7EfTgHrH@infosec.pub 11 points 10 months ago (1 children)

The problem with betting on illiquid securities is that it would guarantee a change in that securities future. I’d probably stick with a big ocean of money to invest in like blue chip stocks because you personally aren’t going to change the market and if you have foreknowledge you can still make billions.

[–] foggy@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

For something like trying to turn 300k into 25T on Bitcoin, yes, absolutely.

You could 100% become a trillionaire without significantly affecting market positions, though, even with just general knowledge and ~50 $100-$10,000 investments.

Compounding interest is a hell of a drug.

[–] dream_weasel@sh.itjust.works 9 points 10 months ago (1 children)

I mean yes if you could sell out. That transfer crashes the coin I bet and may have had negative consequences to your ability to cash out.

[–] psud@lemmy.world 1 points 10 months ago

He wouldn't get his terrabucks, but he'd get a gigabuck or two

[–] Neato@ttrpg.network 8 points 10 months ago (1 children)

A six year old that can predict major events? Besides. Just wait and invest in Bitcoin yourself or Google, Apple or MS in college depending on your age. The latter isn't as big of a jump but easily many multiples.

[–] SpaceNoodle@lemmy.world 4 points 10 months ago (1 children)

Yeah, I can start investing all none of the money I'd had in college

[–] explodicle@local106.com 1 points 10 months ago

Did you have a PC in 2010?