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This is the second stimulus check we have gotten in less than a year and each time the markets have really gone up after each stimulus check. People who invested these stimulus checks made a lot of money in stocks and Bitcoin. Many people are now saying we will get multiple stimulus checks this year alone. It seems like it would be a good idea to encourage people to invest their stimulus checks in stocks and in Bitcoin so they can make even more money with the markets doing so well.
The price of Bitcoin is falling so you don't buy when it's falling you buy when it's at rock bottom that way you make money.
Many people have bad debt, and the best investment to make is to pay that off. Something along the lines of 41% of people carry credit card debt, even if a very generous half of that was a zero percent intro rate, that is still a lot of people in regards to that debt alone.
The you have things like house or car repairs that been delayed, even dental work.
So yea, it sort of eats into "why does not everyone..."
Because it’s a scam. Very few small investors ever make money. Most people go through at least two major economic collapses in their lifetime which resets the game to no money made.
I don't know if you're serious, or just a Troll. I'm a "small investor" and done very well in the stock market in the 25 years I've been investing. That's even including some stupid moves when I was much younger. Longevity is key to successful investing. Even if you don't really know what you're doing and don't have a lot to invest, given time you can still do pretty well learning through trial and error. And yeah, I've lived though economic collapses and survived. So you don't really know what you're talking about.
Because it’s a scam. Very few small investors ever make money. Most people go through at least two major economic collapses in their lifetime which resets the game to no money made.
So why is it that everyone I know who has made money off bitcoin started as a small investor?
Right now I don't have enough to really invest in bitcoin. The gains just wouldn't be enough with a small investment.
Instead I've been seeking out other cryptocurrencies that have the potential for growth.
One of my requirements is that to be available on either Coinbase or Gemini.
Lately, I had been eyeing AMP, which runs on the Flexa network. It's trading at under 1 cent and looks like there is decent potential to go quite a bit higher. It's worth looking into. I put $600 into AMP on Gemini and setup recurring buys weekly of $20.
There are some others that to me look like they have potential for gains:
ETH
LTC
XLM
ADA
BAT
GRT
NANO
There are plenty of options for cryptos that don't have to be bitcoin.
As with all cryptocurrencies, it is basically gambling. Consider anything you invest as money that you burned.
It's highly volatile.
There are numerous ways of investing in the stock market. Some of those ways are very close to gambling while others are pretty different.
It depends on how an individual is approaching the stock market.
In my use of the word "investing," I'm referring to buying, owning, and holding a slice of public corporations for the long run, as distinct from "trading" and "speculating."
Investing $1200 can really make a difference?
Let's say it becomes $4800 in a year, so what? That can't even cover 3 months rent for my apartment.
I'd rather buy some nice furniture which I can live with for years.
(Just hypothetically. I didn't receive the check.)
Investment only makes sense if you can do that regularly for a long term, or if you can invest a lot at one time.
Let's say I give you a choice between:
a) $1200 right now
b) $4800 one year from now
Which would you take?
OK, how about:
c) $12,000 right now
d) $48,000 one year from now?
OK, how about:
e) $120,000 right now
d) $480,000 one year from now?
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