cross-posted from: https://lemmus.org/post/167976
Do you think that the AI bubble will pop? Is entering the stock market dangerous right now?
The AI bubble will pop just like the blockchain bubble.
However the best time to buy SPY was yesterday, the next best time is today.
The distinction between blockchain and AI lies in their respective applications.
While blockchain companies has been associated only with money laundering operations, it is important to note that AI has a much broader range (complete) of uses across various domains involving data.
I wonder how many other crashes he predicted besides those two. It’s kinda like Michael Burry, that dude seems to predicting a collapse every week. My plan of “just keep buying and don’t worry much about it” seems to be working, and if it crashes 64% then cool, stuff will be on sale when I’m buying.
The stock market is literally the only game in town. Bonds will retreat now inflation is reigned in so you can either make money on the stock market, or do nothing.
What about crypto?
Crypto has no value…it’s pure speculation and hype. Coming from someone who owns bitcoin, eth, and others.
It had value for a time as an instant transfer system, but this prompted the banks to catch up with PayID, Osko etc. It still has a possible value the same as gold or any other verifiably scarce item does, as a medium of transfer. An energy inefficient one in some cases.
You’re allowed to speculate on crypto if you’ve maxed out your retirement savings options, have stable housing, and don’t carry credit card debt…those are the rules.
nice, i will continue buying stocks every week.
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