Any intermediary of exchange for barter that does not have value separate from its use for that purpose is worthless.
I don't know anything about MyCoin, but it if doesn't have intrinsic value, i.e. if isn't backed by stock in his company, or pillows or something, then its a worthless electron on someone's computer, nothing more.
That's not true at all. Investing in stocks may be nothing more than a gamble, but stocks themselves are real ownership of a company. The problem with stocks is not "stocks" but the Stock Market.
The idea of a stock is just a separation of ownership of a company into smaller pieces so that many people can own a single production shop. For example, if a person and their spouse own a business, and they own it equally, they are considered to own equal number of shares in the company; even if there are only two shares.
The way it is set up now is all sorts of fucked up. It has been turned into a gambling casino because the house always wins at a gambling casino. But just because it has been perverted, just like all the other shit we have that has been perverted, that doesn't make the idea bad.
I'm referring to the Ponzi scheme called the stock market, which tends to be intrinsically connected to the stock market. Buying stocks is all too often like buying life insurance. To the lowly individual buying it, it's a total rip off. Unless you're in a position to benefit from the collective pool of money that it takes in it is another stock market. A slot machine is gambling that provides a return if your lucky. So, yes stocks is indeed ownership of a tiny piece of a company. And that is the idealistic part of it, the rest of the machinery (i.e. stock market) is corrupt as hell, just as you state the casinos are in Las Vegas. If anyone wants to invest their money, its better to buy land, precious minerals, especially gold and silver.
If anyone wants to invest their money, its better to buy land, precious minerals, especially gold and silver.
While I agree wholeheartedly in these as valuable investments, I assert that investing in a company you believe has real value is also a worthwhile venture.
In my case, in addition to what you have listed, I am invested in GME and DWAC (TMTG) because I believe those stocks have real value. I don't give a fuck what they are valued at in terms of Federal Reserve Notes. Those will be going bye bye real soon. But I am happy with my not insubstantial investment in those companies. I will be holding onto them until such time as I find it beneficial to trade them for something else of real value (not FRNs).
Yes. I would open an account immediately as well.
Any intermediary of exchange for barter that does not have value separate from its use for that purpose is worthless.
I don't know anything about MyCoin, but it if doesn't have intrinsic value, i.e. if isn't backed by stock in his company, or pillows or something, then its a worthless electron on someone's computer, nothing more.
Psss..... "stocks" are nothing more than a slot machine.
That's not true at all. Investing in stocks may be nothing more than a gamble, but stocks themselves are real ownership of a company. The problem with stocks is not "stocks" but the Stock Market.
The idea of a stock is just a separation of ownership of a company into smaller pieces so that many people can own a single production shop. For example, if a person and their spouse own a business, and they own it equally, they are considered to own equal number of shares in the company; even if there are only two shares.
The way it is set up now is all sorts of fucked up. It has been turned into a gambling casino because the house always wins at a gambling casino. But just because it has been perverted, just like all the other shit we have that has been perverted, that doesn't make the idea bad.
I'm referring to the Ponzi scheme called the stock market, which tends to be intrinsically connected to the stock market. Buying stocks is all too often like buying life insurance. To the lowly individual buying it, it's a total rip off. Unless you're in a position to benefit from the collective pool of money that it takes in it is another stock market. A slot machine is gambling that provides a return if your lucky. So, yes stocks is indeed ownership of a tiny piece of a company. And that is the idealistic part of it, the rest of the machinery (i.e. stock market) is corrupt as hell, just as you state the casinos are in Las Vegas. If anyone wants to invest their money, its better to buy land, precious minerals, especially gold and silver.
While I agree wholeheartedly in these as valuable investments, I assert that investing in a company you believe has real value is also a worthwhile venture.
In my case, in addition to what you have listed, I am invested in GME and DWAC (TMTG) because I believe those stocks have real value. I don't give a fuck what they are valued at in terms of Federal Reserve Notes. Those will be going bye bye real soon. But I am happy with my not insubstantial investment in those companies. I will be holding onto them until such time as I find it beneficial to trade them for something else of real value (not FRNs).