Programmer Humor

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i love ai in my offline foss softwares that are still in beta (lemmy.ml)

submitted 4 days ago* (last edited 4 days ago) by Unknown_0671@lemmy.blahaj.zone to c/programmerhumor@lemmy.ml

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[–] kameecoding@lemmy.world 4 points 4 days ago* (last edited 4 days ago) (1 children)

I am currently setting up my investment portfolio and considering putting like 5-10% into crypto etfs, I literally hate crypto, the only reason I would do it is to bet on people being stupid enough and keeping investing into crypto.

It would be literally a bet on the HL Mencken quote

No one in this world, so far as I know […] has ever lost money by underestimating the intelligence of the great masses of the plain people.

[–] darvit@lemmy.darvit.nl 1 points 4 days ago (1 children)

There is no investing in crypto; that's called speculation or gambling.

[–] kameecoding@lemmy.world 6 points 4 days ago

If you invest in an S&P500 ETF you are betting on the US economy continuing to grow, if you invest in Euro 6xx etf you are betting on Europe to grow,

If you invest in a world ETF like VWCE you are betting on the world economy continuing to grow, it's still fucking gambling it's just the playing the odds.

Me investing in a crypto ETF would be me betting that people are stupid enough to keep putting money into it.