Interesting actually. I SKETCHED out a proven method of creating wealth using the stock market. It was aimed at and would be useful for a neophyte young investor (such as a Villagers children or grandchildren that have the advantage of TIME. It is a SKETCH, not a fully formed Rembrandt. For me to cover each and every detail of investment theory such as how to deal with investments during a recession or market crash, I would have to write a BOOK. And that would not be helpful anyway because many good investment books have already been written.

Warren Buffet found his own mentor by reading a book titled, "The Intelligent Investor" by Ben Graham. There are also several books written about Warren Buffet and his investment philosophies. A Villager's children or grandchildren could START with my simple SKETCH and read their way into becoming their own investment Rembrandts.
..........Incidentally, a recession or "market crash" is a disaster for some, and a GREAT OPPORTUNITY for others! Everyone says, "buy low and sell high" but not everyone has the patience and mental toughness to actually SAVE money during the good times (high market) AND the guts to BUY during the bad times (recession and market crash). In general, that would fall under the heading of "market timing".

And I appreciate everyone that stuck around to read my "to be continued" post.

Many people had their Bitcoins on deposit at FTX because of the impossibly high interest rates they offered.

Just for clarity, are you talking about crypto currencies or the American dollar? The premise for both is the same. :shrug: Something for absolutely nothing.

Research who his family is...History repeats itself...2008---

I can't see this as a PUTDOWN of Mr. Buffet. It shows that he stuck to his investment principles for 30 years (note he is the world's greatest LONG TERM investor). He merely waited for Apple to get out of the dangerous high growth period for any company and become large and stable and diverse enough to meet his high standards. It is NOT like he was falling into poverty by not investing in Apple for 30 years. I believe his LIFETIME track record speaks for itself.

It also proves that he is FLEXIBLE enough to change to meet new conditions. Also not let his EGO get in the way!
Look at all the anguish that BitCoin investors are going through. Berkshire Hathaway investors can sleep more soundly at night than their counterparts, the cryptocurrency investors (gamblers)!

Anyone invested in the stock market or uninsured investment is a gambler.. no difference.

Several experts on the Fast Money shows were bullish on cryptocurrency as it 1st became popular. Maybe they got out in time. If the average person was an expert like those on Fast Money then MAYBE (?) they got out in time. If you are buying risky stocks then "timing the market" is essential. When investing in the short term, you must remember that for every winner, there must be a loser.

When I 1st started investing, I would watch Jim Cramer's show......he was boisterous and entertaining. But slowly I came to find out that his stock picks were wrong about 50% of the time. I felt more confident watching other shows like Fast Money on CNBC.

Or, trying to save face (due to his ego perhaps?)... Anyone with a pulse would have said that Apple was a great company in 2018...

I believe that I saw a show on TV that reported that the servers required to make all the cryptocurrency trades are located in HUGE WAREHOUSES that require LARGE amounts of electrical energy. I don't know any details about this, but if someone could write a post about this, it might be interesting to myself and others.

Thanks, I appreciate that. I see that the subject is VERY comprehensive and difficult to understand. It's nice to get information and different opinions about crypto on this forum. Now I wonder if Mr.Crypto SB-F will be required to testify before Congress like Mark Zuckerberg, who was able to outwit the Congress-people that did NOT understand how dangerous his computer software algorithms REALLY are at keeping people locked into his site. Facebook software pushes impressionable (usually young) alienated people through the emotion of hatred toward like-minded hateful people. For the average normal well-centered person Facebook is useful and non-dangerous. Most are NEVER aware of the danger to unstable individuals and even to society as a whole. An activist in Indonesia has written a BOOK that details the dangers to all countries......."How To Stand UP To A Dictator" by Maria Ressa.
SB-F will also likely outwit the Congress-people

I must have had a pulse years ago (not sure today) because I bought Apple (AAPL) at about $ 25 and sold it at around $ 50. I bragged to everyone about how smart I was. Then, it began doubling and I was no longer smart.

It's the mining that takes up all the energy. Not the trading. Once all of the bitcoins have been mined (about 120 years from now) most of that disappears. FYI, only 2 million more bitcoins will ever be mined. 19 million have already been mined.

El Salvador is working on mining bitcoins using thermal energy from volcanos. They are close to issuing Bitcoin backed bonds referred to as "volcano bonds".

More and more mining is done using excess energy that gets wasted otherwise. Flared gas from drilling, excess hydro power that can't be used, etc.

No doubt it uses a lot of energy though.

I started buying apple around 2005. Usually as it was running up. I then got to feel stupid as it dropped back down below my purchase price. That seemed to happen every time I bought more. But I held on and now I'm writing covered calls and cash secured puts when my shares get called away. Working great so far.