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The stock market has ALWAYS served the purpose of transferring wealth from the middle class to the rich who have better information, broader choices, faster platforms, etc.
buying index funds or large stable dividend-paying stocks
DASKAA saysQuitters!
True.... It's not Zero...... Yet...
That's a great benefit to the middle class, and if they don't churn, they will do fine
Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000,
Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened.
"I got too caught up in the fear of missing out and trying to make a quick buck," he said this week. "The losses have pretty much left me financially ruined."
Mr. Roberts, 28, has a lot of company. After the latest round of big price drops, many cryptocurrencies have given back all of the enormous gains they experienced last winter. The value of all outstanding digital tokens has fallen by about $600 billion, or 75 percent, since the peak in January, according to data from the website coinmarketcap.com.
On Reddit, a user in the United Arab Emirates posted a picture of the $100,000 loan he'd taken out in December to buy cryptocurrencies — and that he will now be paying back out of his salary for the next three years.
https://www.cnbc.com/2018/08/20/after-the-bitcoin-boom-hard-lessons-for-cryptocurrency-investors.html