r/dankmemes • u/TaxPsychological2928 • 1d ago

No-brainer investing based on YouTube guides

Post image
904 Upvotes

98% Upvoted

14 comments sorted by

20

u/Lasilokas 23h ago

I did my own thing, no guides, no nothing 😎 now also no money

4

u/Sh0rtBr3ad 20h ago

I was lucky enough to get in at the start and left once it was becoming volatile.

I’m glad I made profit at least

11

u/InternationalLab812 23h ago

I prefer to lose my money the old fashioned way by gambling at the slot machines

4

u/MRoss279 11h ago

It's really more like gambling than investing

-15

u/gloop524 20h ago

i never understood how you can lose money on crypto or stocks. you buy it and it either gets more money or it doesn't. you already spent the money to buy it so how do you lose more money? it's like buying a lottery ticket. i spent $2. if i did not win, i am still only out the initial $2 investment. no loss beyond that.

4

u/dawatzerz gave me this flair 12h ago

Go put all your savings into crypto then mr.finance

-3

u/gloop524 11h ago

wow that is such a great explanation. it is so informative and insightful.

still doesn't tell me how you can lose more than you put in.

3

u/BlueByrdChen 7h ago

No one said you lose more money than you put in. You lose money when the value of an asset you purchase goes down. When you buy crypto, you either expect the value to go up or want to use it for shady purposes. If the value goes down, then you "lost" money on the investment.

0

u/gloop524 6h ago

so why do i keep hearing about people that lose their house on the stock market? that's what i don't understand.

2

u/dawatzerz gave me this flair 2h ago

Probably people taking out loans against their houses. If the stock tanks, they wont have enough to pay back the loan and the bank can foreclose.

2

u/ohlookahipster 2h ago

You buy an asset and the value goes down. Loses are only realized when you sell it, but the value can go down while still holding it.

Lottery tickets have a fixed strike price because there is no secondary market for buying/selling lottery tickets. Something like a share in a company has many variable affecting its strike price. You cannot sell a stock higher than it’s worth.