“So you bought Fartcoin with 100x leverage?”
“That’s right.”
“Because someone on X posted a screenshot of their profits?”
“Yeah.”
“And you lost your entire net worth in 12 seconds?”
“That’s correct, Dave.”
@SantiagoAuFund@TXMCtrades Fair enough, I was just trying to make the point that gold has been a better long-term investment. I don’t think anyone has made anywhere near 100x in dollar terms since 1970 by keeping their cash in a bank account.
@SantiagoAuFund@TXMCtrades So you’re saying the benefit to keeping dollars in the bank against holding physical gold would be the guaranteed interest opposed to the speculation that physical gold would increase in value faster?
@SantiagoAuFund@TXMCtrades Your point is assuming that holding dollars equates to holding treasuries and reinvesting interest earned though, right? That may be the smart way to do it, but that’s not the same as holding physical dollars