If the socialists had their way, Elon would have had his paypal profits taken and redistributed for the greater good.
The world would never have seen Tesla, nor SpaceX.
And the world wouldn't know it, because they were uncreated, and thus unseen.
Imagine the companies that don't exist, because Washington destroyed them before they were born.
@OGshoots Id follow horse advice generally, he’s a good one here, but something else to consider is to follow @Innerdevcrypto, and learn to separate from ur ego, self and get a little grounded. Becomes easier to see through the noise, gain intuition and identify signal
I would highly recommend using this time to identify who’s a larp/ seeking attention and who you should be following in future bull environments. Easy to cull the time line.
@PathOfMen_ Sit down and read Jed McKenna’s, spiritual enlightenment trilogy straight through. Take a couple weeks to really think about what they mean, and look inside. Move forward as you’ll never be the same person again
Some random weekend thoughts about AI, crypto and equities:
The stock market is in a bubble because of too much liquidity, but only for non-AI stocks. There might be a crash eventually, but mostly for the 95% of stocks that don’t make >10% returns per year (the ‘zombie’ stocks as I call them). Do not invest in consumer goods or traditional companies, get out of stock index funds, and fully allocate to AI and crypto.
Keep 20% cash if you are worried about overvaluations (I’m not), so you can buy in if a crash should happen but still generate wealth with the remaining 80%.
AI is not in a bubble! People saying that simply don’t use it enough and don’t see where the world is headed. This is not like the Internet bubble 25 years ago. Yes, crazy money is being invested in AI chips and data centers, but most companies using AI in their operations are making a return on their investment already. And there is literally unlimited money available because of M2 growth, this won’t stop until the fiat system blows up.
Not all AI companies will survive, so don’t put all your eggs in one basket (my AI basket is mostly Tesla and Galaxy Digital).
Bitcoin will also keep doing well. Lots of whales have been selling over the past months, keeping BTC in its current range. But the selling will stop at some point. And keep in mind that all these coins have been bought up by the market without the price dropping below $100K, and the demand for BTC will only go up over time.
Don’t be greedy, just buy spot and don’t use leverage. It may seem boring, but you’ll still make a 10X over a few years and your position won’t blow up.
I am still skeptical about Ethereum, I feel that without Tom Lee the price would be much lower right now. He is taking all supply off the table, does the market not see that? Maybe he is right that ETH will be the crypto of choice for Wall Street, but I don’t see it (yet). I don’t have a position in it and will only do it when I see evidence of financial markets starting to actively use it.
I believe Solana is much better (much faster, cheaper, more revenue on its L1) and still very undervalued, it’s just less well known yet outside of crypto circles. But that may change after the very successful launch of the first SOL staking ETFs last week.
I remain convinced most people will lose their jobs in the coming years because of AI. The process of lay offs has already started at the big tech companies (where it is most visible now) and it’s harder and harder for fresh graduates to find jobs. There is no incentive for CEOs or politicians to talk about this, so they just try to keep the masses calm by advising them to reschool or retrain themselves. In my opinion that will just postpone the inevitable a bit, if it even helps at all.
My advice: Save as much money now, invest whatever you can and prepare for a simpler, less costly life. If I would be in a position where I could lose my job in a few years I’d sell my house now and live in a smaller, cheaper place without a mortgage. Maybe I’d even live on a boat or so. Just be prepared for what could happen to you.
Eventually there will be an age of abundance, likely with a universal high income. Just make sure you can get there without too many financial scars.
Don’t panic, but be realistic about the future. Don’t only focus on money, but think about your health as well and don’t forget to spend time with your loved ones.
Happy weekend!
@Innerdevcrypto Ngl, first half is so hard to get thru. But last sections are great. Don’t love the way it’s put together but the messaging as a whole is great.