🇨🇦 Sorry my friend. I won’t invest in anything that I don’t understand. I’ve seriously tried to understand blockchain technology. I’ve got a BComm from the University of Toronto, which required 5 math courses at various levels. And I love math. But maybe I’ve become stupid in my old age. I don’t…
…get it at all. I tried Ted Talks, YouTube videos, articles, podcasts…I really wanted to understand this thing. But it’s still just a black box for me. Money goes in. Stuff happens. I’m supposed to get more money out. I have to stick to mutual funds, GIC’s, etc. I’m risk averse anyhow. But, because…
…I started it many years ago, one of the mutual funds I’m in has a $25k buy in. Averaged almost 14% over the last 18 years. Mostly boring stuff other than that one. I like boring. It’s safe. BTW. Not to blow my own horn. But I got straight A’s in my university math courses. I think few really…
…understand blockchain. It reminds me of quantum mechanics. Which I find fascinating actually. But there’s an old quote from Richard Feynman “If you think you understand quantum mechanics, you don’t understand quantum mechanics.” Seems similar with blockchain.
Yes! And even experts on investments don't know for sure and get it wrong sometimes. E.g., bank guy had me buy = amounts of Apple and BlackBerry as = risk & likely gain. Très différent! Figure don't invest in risky if you can't afford to lose it, even if you think you understand it. R Feynman 👍🏻!
No worries, the landscape really couldn’t be more confusing, did you study blockchain or Bitcoin? I’m not asking for anyone to invest, I’m here to educate.
Actually, now that I think about it, I looked at Bitcoin as well. On its own.
Blockchain. But they all use blockchain technology. Now you’re getting some “crypto” currencies that are backed by some currency. Usually the US dollar. Doesn’t that defeat the whole purpose of crypto? Some are even literally assets. They market crap like Trump coins (I know he also has crypto) as…
…though they ARE crypto somehow. They’re not supposed to be regulated by ANY government. It’s part of their big attraction, no? I could be misunderstanding all of this as well. Who knows? 😜