r/dankmemes • u/TaxPsychological2928 • 1d ago

No-brainer investing based on YouTube guides

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1.0k Upvotes

98% Upvoted

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-24

u/gloop524 1d 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.

6

u/dawatzerz gave me this flair 20h ago

Go put all your savings into crypto then mr.finance

-9

u/gloop524 19h 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 15h 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.

-2

u/gloop524 13h ago

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

3

u/dawatzerz gave me this flair 9h 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.

1

u/Scorpdelord 7h ago

same shit as people who lose on gambling to go beyond whats ever reasoable and lose it and now they pegged