ot2-the-original-pubsta

[mellow vector]

who hurt you

who told you this monstrosity

[zinc temple]

Pineapple on pizza hurt me

[mellow vector]

bro i have like 10 pencils at home but end up asking for pencils in school 💀

[zinc temple]

Studies show that people who eat pineapple on pizza always die within 120 years

[mellow vector]

damn fr?

bozo 😂

me eating my 5 meals 💪

[zinc temple]

Lol

[mellow vector]

"IM JuSt bUlKinG"

[zinc temple]

Idk how i eat so much and dont gain any weight lol

[mellow vector]

SAME

i have like 4-5 meals a day

im still 124 😐

[zinc temple]

Rip

[mellow vector]

fast metabolism

[zinc temple]

Once ate like 6/8 of a pizza and then an entire salad lol

[mellow vector]

cuz im hungry like every 3 hours 💀

[mellow vector]

i ate 7/8 and breadsticks 💀

[zinc temple]

Lol

[mellow vector]

bro i did not feel good after that

[zinc temple]

Mustve been there was pineapple on it

[mellow vector]

no it was very very good

i think parmesan cheese and tomato

sdiufsuirh7ugheridf stuffed tf out of myself

[zinc temple]

Lol

[mellow vector]

oh yeah also my favorite food is sushi and because of how easy they are to eat, i eat around like 15 or 20-30 if im hungry

[zinc temple]

I would, but theyre so expensive where i am ;-;

Best food tho is lobster

[mellow vector]

not even any cheap ones ;-;

[mellow vector]

i dont think i have ever had lobster

[zinc temple]

Its like $5 per roll lol

[mellow vector]

tf lmao

they must be putting caviar on that

[zinc temple]

Ive had it once like 5 years ago, its honestly one of my most vivid memories lol

[mellow vector]

hA its like the gas prices rn

[mellow vector]

you are missing out

like

alot

[zinc temple]

Nah im just hundreds of miles away from the sea lol

[mellow vector]

michigan so im kinda near it too \

[zinc temple]

You got some lakes tho right? Ig there isnt any sea food, but do u eat fish from there?

[mellow vector]

uhhh

i dont live near the sea but my dad used to fish

we once got a large one. it was like arm length

[zinc temple]

Ive been fishing a few times. Testes pretty good ngl

[zinc temple]

Dang

The sad part tho is when i had to kill the fish i caught lol

[mellow vector]

damn

at a younger age that sucks

[zinc temple]

Ikr

I even named it ;-;

[mellow vector]

thats what happened to my friend's duck

[zinc temple]

Redstone iirc

[zinc temple]

Wait he killed a duck?

[mellow vector]

no he named a duck before it was killed for food

he didnt kill it

[zinc temple]

Aw rip

Some charlottes web crap right there

[mellow vector]

well im going to hit the sack now

[zinc temple]

Alr

Gn

[mellow vector]

nice talking to you. hope we randomly meet again in the general chat

gn

[remote widget]

https://youtu.be/069Wmtg84s8
@cosmic cape 😂

[cosmic cape]

i saw that already lol

[remote widget]

Ah

[desert cave]

guys alongside python what langauge do you want to learn?

[echo fern]

wait, that was to you, too

lmao

[remote widget]

Lmao

[foggy flicker]

lol

[jade bolt]

Lol

[remote widget]

No

[jade bolt]

u broke the chain

[remote widget]

That's what I wanted to do

[jade bolt]

lmao

[remote widget]

https://tenor.com/view/we-dont-do-that-here-black-panther-tchalla-bruce-gif-16558003

[fluid plank]

swedish

@nova ember teach me or die

[desert cave]

black panther?

[desert cave]

programming language 😂

[remote widget]

Indeed

[fluid plank]

code in swedish language

:(

[digital bane]

Meatballs

[jade bolt]

silence is golden

:)

[nova ember]

"gurka" means "cucumber"

Done

[jade bolt]

O

[nova ember]

Hello, orange

[jade bolt]

free swedish class pls 🥺

[nova ember]

"gurkorna" means "the cucumbers"

Done

[fluid plank]

u already taught me thaat

[jade bolt]

wow

[nova ember]

"gurkigast" means "the most cucumbery" (technically not grammatically correct, I think, but people would probably understand)

Let's test it

@elfin vine what does "han är gurkigast" mean?

[elfin vine]

"gurka" is cucumber, which is a noun but here it's been transformed to an adjective

[nova ember]

Indeed

[elfin vine]

"ast" is basically "the most", so yes "gurkigast" means "the most cucumber-ish/y"

[jade bolt]

!d ast

[clever salmon]

ast

Source code: Lib/ast.py

The ast module helps Python applications to process trees of the Python abstract syntax grammar. The abstract syntax itself might change with each Python release; this module helps to find out programmatically what the current grammar looks like.

An abstract syntax tree can be generated by passing ast.PyCF_ONLY_AST as a flag to the compile() built-in function, or using the parse() helper provided in this module. The result will be a tree of objects whose classes all inherit from ast.AST. An abstract syntax tree can be compiled into a Python code object using the built-in compile() function.

[jade bolt]

hm

The most module

[nova ember]

My life is now complete

[fluid plank]

adjective? cucumber an adjective?

👀

[fluid plank]

nice now get a good night sleep

[nova ember]

No, but you can transform it into one

Kind of

[elfin vine]

Cucumber is a noun, but has been bent/transformed to an adjective. It's a noun, but used as an adjective

Like "a speed" being a noun, but "someone can be speedy"... it's now an adjective!

"A cucumber" becomes "cucumberly"

[jade bolt]

adj(gurka) hm

[jade bolt]

grammar becomes grammarly

[elfin vine]

lol

[fluid plank]

so bluey. so vestery

so sweedy

[jade bolt]

so ikeay

[fluid plank]

okay i will take swedish classes after i graduate so i can annoy vester

what a goal

[jade bolt]

can u annoy me 🥺

[nova ember]

>>> from swedish import Noun, Adjective
>>> gurka = Noun("Gurka")
>>> str(Adjective(gurka))
"Gurkig"

[jade bolt]

so gurky

[median blade]

3 edits and counting

[nova ember]

🥺

[fluid plank]

no

[jade bolt]

what an annoyance

more pls

🥵

[fluid plank]

🤔 damn smooth but i dont talk to kids

[nova ember]

Then stop talking to yourself

:burn:

[median blade]

r00d

[fluid plank]

:((

damn a younger person just burnt me

[jade bolt]

MORE

🥵

[nova ember]

We're talking mental age here

[fluid plank]

:((

[nova ember]

If you look sad when I roast you, I can't roast you. Then it just seems r00d lolol

[fluid plank]

my mental age degrades every time i have a breakdown 😔

[jade bolt]

🥶

[nova ember]

[fluid plank]

its summer here

smh

it is too hot

[nova ember]

Nice

[fluid plank]

i should go live somewhere i can freeze over

[jade bolt]

is sweed cold

[jade bolt]

:(

[fluid plank]

Vester is not sweet. he is not sweedened enough.

[jade bolt]

have you tasted him? 🥵

[fluid plank]

whut bonk

[jade bolt]

more bonk pls

[digital bane]

Strange goal

[digital bane]

I already spoil your evil plans lol

[jade bolt]

wat is it

[nova ember]

https://media.discordapp.net/attachments/793570459945926717/949674005940551680/bonk_611418694245154847_2022-03-05_14-25.gif

[jade bolt]

double bonk honestly!?

*triple?

[nova ember]

Lol

This isn't embedding for me

[jade bolt]

same

but more bonk pls

🥵

[nova ember]

Let's try to keep this SFW

[jade bolt]

ok :(

[jovial island]

I know the video is 4:20 long, it's a funny number lol

[fluid plank]

same

[remote widget]

https://media.discordapp.net/attachments/793570459945926717/949674005940551680/bonk_611418694245154847_2022-03-05_14-25.gif

@nova ember there

[jade bolt]

:(

[dusky cliff]

please don't advertise

[jovial island]

Somebody said you can advertise in off topic🥺

[dusky cliff]

well, you can't

[jade bolt]

but mods says no lmao

[jovial island]

Brush💀

I got tricks💀

[jade bolt]

sure you do, you can modmail, if they approve you can

[simple pecan]

Can I just declare how delicious pineapple is

it's juicy and sweet and just

the perfect gift from God

It's spikes and spokes, so elegant and beautiful

[limber pollen]

😳

[ionic elk]

i'm thinking about how to make emotional conscious AI again please send help

[simple pecan]

just

pineapple <3

[ionic elk]

I think i might have come up with a test for consciousness

[sinful sun]

Pineapple is pretty based

Pineapple and coconut tho

[simple pecan]

coconut is nice in theory

:/

mangooo thoughhh

mango hits diff

I'm a little upset I live so far away from the equator, so the only tropical fruits I get are crappy ones that have been in a refrigerated container for like weeks on end

[sinful sun]

Pineapple and coconut is like half way to a pina colada

I'd do mango in that too

I love pina colada mix

[sinful sun]

Whereabouts do you live

[simple pecan]

ireland

[sinful sun]

Oof yea it does suck

[simple pecan]

avocados are especially terrible

they are hard and taste like grass

they never get soft D:<

[sinful sun]

Got a mango for the gf yesterday, they were all green af

Tesco be like "perfectly ripened mango"

[simple pecan]

there was one time when i came home from school after a really long day

and i just devoured a mango

and it was delicious and perfect

blessed 🙏

[sinful sun]

Rarity

[simple pecan]

the thing about pineapple is it kind of stings my mouth

[sinful sun]

Took the gf back home a couple years ago in august and she tried some actually good tropical fruits

I ruined fruits for her

Not even sorry

[jade bolt]

🍌

best fruit imo

:)

[sinful sun]

Bananas are nice yea

[simple pecan]

boring

[sinful sun]

Theyre consistently good

The fruit with the highest peak in enjoyment for me is watermelon

[jade bolt]

well unless you eat them when they're green

[sinful sun]

Truly good watermelons are heaven

Unripe ones are disgusting

[remote widget]

same, there is a weird sensation whenever I bite it, too

[simple pecan]

same with kiwi

[sinful sun]

Its a compound in pineapple

[remote widget]

Not with Kiwi, but with Pineapple, I just feel like weird. Cannot really explain it tbh

[sinful sun]

But you know what they say

No pain no gain

[remote widget]

Like, it isn't pain

[sinful sun]

Its literally your skin and tongue mucus thing being corroded

[remote widget]

Yea smth like that

[sinful sun]

Hardcore

[carmine herald]

yeah i read that out of context, bruh

[jade bolt]

uhhh like the tongue feel bad?

ooh whops, why do I not read newer message

[remote widget]

WHYYYYYYYYY I KNEW SOMEONE WAS GONNA SAY THAT

[jade bolt]

my brain is just working weird

[remote widget]

Happens with me too

I am just too eager to comment lol

[jade bolt]

hm

[digital bane]

Dragon Fruit because Dragon lol

[jade bolt]

🐲 🗡️

[digital bane]

Ate my first Dragon Fruit in Taiwan while on a week long trip there

Strange thou this is the second fruit in my discords had another one on another server a day ago and mentioned Dragon Fruit too

[jovial island]

@jovial island uh mind accepting my friend req, my main account is gone now welp

[jovial island]

ah sure

(:

[fresh yarrow]

What happened

[jovial island]

account hacked lol

[sinful sun]

How do yall get your accounts hacked

[fresh yarrow]

Oh I’ve never been hacked

I never click on links my friends send me that contain a weird domain

Or anybody for that matter

[fluid plank]

yes keep on clicking phishing links uwu

🥺

[carmine herald]

free dicsord niitr0

gotta click 😔

[jovial island]

wish I knew

[jovial island]

huh, imagine not clicking any phishing link, not connecting an external app to my account, not filling out my creds on apps 😔

[remote widget]

Imagine not turning on F2A

[jovial island]

2FA would be better 😔

[remote widget]

For some reason, I search for the 2FA button first on any website before registering lmao

[jovial island]

smh hunter

[jade bolt]

imagine not clicking phishing github links

Try my game:

[jovial island]

lmao

[jovial island]

thats not really good looking? add some more stuff with asterisks and exclamation marks (:

[remote widget]

Try this website: totallynotasuswebsite.notsus

[jovial island]

lmao

[jade bolt]

lmao

[jade bolt]

hey take a look at my web!!!
https://192.168.69.69:6969

[jovial island]

lmao

[remote widget]

Uh I'mma pass

[jovial island]

dont even know what that is yourself and just wrote web instead 😔

[remote widget]

BTW @jovial island u gonna go back to dpy?

[jovial island]

ew no, discord bots are boring in general
i've moved on to web and stuff, wont do anything else as of what I have planned

[remote widget]

Lmao

[digital bane]

Evil plan ?

[remote widget]

Lmao

[remote cave]

lol

[carmine herald]

implicit facts dont care about your #ot2-the-original-pubsta :^)

[digital bane]

Lol we are exposing each other making stuff explicit

[remote widget]

Indeed

[zealous hazel]

there's a distinct feeling when you get your code right on first try even if its minor

@digital bane

[remote widget]

Lmao

"loyal"

[zealous hazel]

yes

[digital bane]

Thanks monke

[zealous hazel]

youre welcome my brother

for the first time i was actually coding those 2 hours

[digital bane]

Busy monke...nice

[zealous hazel]

yes..

and no, this is not banana simulator im working on

although that idea sounds cool, might work on it later

[digital bane]

Banana very useful see https://en.m.wikipedia.org/wiki/Banana_ketchup

[remote widget]

Ayo what the

[foggy flicker]

.wiki banana ketchup

[rustic harbor]

Wikipedia Search Results

Banana ketchup
Banana ketchup (or banana sauce) is a popular Philippine fruit ketchup condiment made from banana, sugar, vinegar and spices. Its natural color is brownish-yellow

List of banana dishes
Alloco Banana boat Banana bread Banoffee pie Banana cake Banana chip Banana cue Banana flour Banana fritters Banana ketchup Banana pancakes Banana pasta

Page 1/5 · Mar 6, 2022, 6:25 AM

[fresh yarrow]

ok

[crisp cedar]

okay a banana cost .1 bitcoin

.1 bitcoin is a lot of money

[stuck talon]

If the amount of bitcoin that it takes to buy 10 bananas doesn't go up, but the amount of every other currency that it takes to buy 10 bananas does, then clearly whatever bitcoin is pricing in isn't value.
you could counteract that by taking currency out of the system - so as the cost of goods goes up the money supply goes down

[crisp cedar]

bitcoin is now suddently twice value

banana is twice the value

because you need double the bitcoin to buy the banana

very simple

inflation has corrupted your mind because it fake

just like the money you use everyday

[stuck talon]

how or why does BTC become twice the value? Is money draining out of the system?

[crisp cedar]

money going in the system

people bought bitcoin valuing it more

because unlike usd they dont print the shit out of the ass

supply demand biggest economic factor

your usds are constantly coming in at a higher rate then they should..

crypto doesnt do this shit

[wicked hollow]

OK, so demand for bitcoin drives the price of bitcoin up. Why is there demand?

[crisp cedar]

supply

same reason demand for anything

[wicked hollow]

supply doesn't create demand...

[crisp cedar]

lol..

im out

after im done homework we can continue

[wicked hollow]

If supply created demand, I'd be selling my toenail clippings for big money

[crisp cedar]

i love providing education and receiving

my mind is always open

[wicked hollow]

they keep growing back, I've got an infinite supply!

[crisp cedar]

nobody has demand for your toenails

[daring jay]

please don't.

[crisp cedar]

if you had the only toe nail in the world

id buy it

[stuck talon]

when do you start providing it?

[crisp cedar]

your thinking of increasing supply

decrease buddy this is crypto

[crisp cedar]

if you had a brain youd already have it

[wicked hollow]

so how is bitcoin different from toenails? Why is there demand for bitcoin?

[crisp cedar]

because it used to be 12 cents now its 50 thousand dollars

or was

you tell me

miss out or get on board

not my loss same thing i told the last kids

[stuck talon]

Have you ever heard of a man named Charles Ponzi?

[wicked hollow]

I did - that's speculation. People are buying it because they expect to be able to sell it at a higher price to some other sucker.

[daring jay]

Five hundred years ago, I could give you 100k and you'd be the richest person alive. Now, with the same number of dollars, you're not. What else is that?

[crisp cedar]

go look at the money flowing through bitcoin

[crisp cedar]

thanks for proving my point ❤️

[daring jay]

...I didn't though?

[crisp cedar]

no they are buying it because its a technology

and the first of its kind to do so

ushering in many of others that will be the future of the world youll forever live in

[wicked hollow]

something being "a technology" doesn't make it valuable.

[crisp cedar]

lolllll

[stuck talon]

no it's not - the gold standard did the same thing back in the late 19th and early 20th centuries

[crisp cedar]

are you guys reading your messages before sending them

or better yet thinking about them

[wicked hollow]

and if there are other similar technologies in the future, wouldn't those decrease the value of bitcoin, not increase it?

[crisp cedar]

now your asking good questions

yes and no

[daring jay]

and how did I do that? Is that not proof that inflation is not fake?

[crisp cedar]

bitcoin is #1 has the most money flowing through is

these newer coins are crazy you guys would shit if i explaiend it

bitcoin has a hard time processing 12 transactions a second

[daring jay]

at that point, we're at

.randomcase money is a social construct

[rustic harbor]

money iS a sOcIaL COnsTRUCt

[crisp cedar]

these newer coins can do 3000 transactions a second

[wicked hollow]

that's still really, really low 😄

[crisp cedar]

compared?

[wicked hollow]

to, say, dollars.

[crisp cedar]

guys love being devils advocate

but can't understand simple concepts

i'm talking about transactions

not dollars

if i used dollars youd see the $ sign

[wicked hollow]

heh

you've misunderstood me.

[daring jay]

you make transactions with dollars, though, don't you?

[crisp cedar]

a single transaction can contains millions or billions of dollars

[daring jay]

you can make millions of transactions a second if USD is your currency

[crisp cedar]

yeah usd

its not my currency

LOL

are you guys listening

I dont use that shit

more for you guys

[daring jay]

that was naught but an example

[crisp cedar]

yes usd is shit i dont need example

[wicked hollow]

You can make 3000 transactions per second. There are 86,400 seconds per day, so it's capped at 259,200,000 - a quarter of a billion transactions per day. How many US-dollar denominated transactions do you think take place in a day?

[crisp cedar]

well not sure the exact stats, but good question

[stuck talon]

https://www.cardrates.com/advice/number-of-credit-card-transactions-per-day-year/

There are 12896 transactions made on credit/debit cards in USD in the US every single second assuming a uniform distribution (which is a bad assumption)

[wicked hollow]

well, let's put it this way: there are more than 259,200,000 Americans, so if every American bought exactly one thing - a morning coffee, let's say - in a given day, it would go over that limit.

[crisp cedar]

Id assume youd know more about this then me

i don't think it all interacts with like a singular usd server

yes very low in comparison tho

Thats the cost of true decentralization

again a technology

so when that number surpasses usd what will you say then?

[daring jay]

I still don't get how this invalidates inflation.

[crisp cedar]

validate inflation for me

theres your answer

[daring jay]

^

it's happened

[crisp cedar]

yeah thats not a good hting

you understand that right...

thats called inflation

your savings are never savings because you're constantly losing year by year

[daring jay]

...that's exactly what I'm saying

[crisp cedar]

yeah crypto doesnt do this

sorry

[stuck talon]

you don't have a good enough grasp on economics to talk about inflation.

[crisp cedar]

lol says you bringing nothing to the table

the usual

love prepubescents

[wicked hollow]

The company harvesting the bananas needed to pay more to ship them to the US, because the price of diesel for the container ships has risen, because outflows of oil from Russia have been cut off, reducing the supply.

[wicked hollow]

and crypto not doing that is proof that it's not real money. Because real currencies do experience inflation.

[crisp cedar]

crypto increases when reducing supply

again..

and not for no random as war related reason

[wicked hollow]

exactly.

[crisp cedar]

printing money

is what you guys need to think about

and how much is printed

[wicked hollow]

printing money is unrelated.

[crisp cedar]

lmao

thought you were arguing supply

printing is usd supply

[wicked hollow]

inflation isn't caused by money being printed, it's caused by people charging more for the same services.

[stuck talon]

assuming all 21m BTC in the world are mined - and the only currency was BTC - we would almost certainly experience inflation due to decreases in supply*/increases in demand

[crisp cedar]

they don't burn a significant amount

[crisp cedar]

printing is supply

[wicked hollow]

sure, oil supply. The price of bananas went up because there's less oil supply, so shipping bananas costs more.

[crisp cedar]

demand for bitcoin isn't going down anytime soon sorry for you and whoever told you that

[crisp cedar]

so my bananas are expensive for no reason? yeah no thanks

[stuck talon]

clariffied what I meant

[crisp cedar]

you can have all the extra tax's and fees like i said again

more for you guys

[stuck talon]

supply and demand fluctuate regardless of the amount of currency

and that's what drives inflation

[wicked hollow]

no, they're expensive because it costs more to get them to you, because the supply of oil has dropped.

[crisp cedar]

yeah.. crypto doesn't do this

are you guys listening for the 100th time

[wicked hollow]

and that's proof it's not real money.

[crisp cedar]

lol

[stuck talon]

you are not listening - inflation is dirven by the fact that that more people are trying to buy the same bread

there's only so much bread to go around

[crisp cedar]

and printing

Printing new money tends to create inflation unless excess money is removed from circulation by higher taxes.Nov 25, 2021

have fun with your inflation and higher taxes

[wicked hollow]

once the cost of bananas goes up, and people become comfortable spending that new amount, the price of bananas never really goes back down. If someone was able to successfully sell their bananas for $0.12 when the price of oil to ship one banana went up by $0.02, then if the price of oil for shipping one banana drops by $0.01 in the future, the banana guy won't charge less for his bananas - he knows there is demand at $0.12, so he keeps selling them at $0.12, and pockets the extra $0.01 per banana as profit.

[stuck talon]

printing money is only one way which inflation is causes

a war in ukraine decreasing wheat supply is another

[crisp cedar]

you wouldn't because theres no reason

the price drives the price

you don't do shit with your .01 btc

Lool

you guys dont get it its okay I applaud you 100 times for even trying to

[stuck talon]

this is what drives inflation

[crisp cedar]

not an easy concept

[daring jay]

there is a reason. getting the banana to you becomes more expensive because I have to fly around the war zone rather than through it, so I'm using more gas, for example.

[crisp cedar]

yeah not my problem...

[wicked hollow]

there is a reason. Getting the banana to you costs more than it used to, because shipping is more expensive, because oil is harder to come by.

[daring jay]

yes, but it's your seller's problem

and they drive the price

[wicked hollow]

they won't sell for an amount that isn't profitable.

[daring jay]

and no one will /ever/ make themselves get less profit then before

[wicked hollow]

in fact, as a general rule, they won't sell for an amount that reduces their profit, if they can avoid it.

[crisp cedar]

looool

you guys are happily taking less profit

are you speakin for yourself or others

[wicked hollow]

have you ever taken an econ class?

[crisp cedar]

it took me 30 mins to learn supply demand have you?

[wicked hollow]

so... that's a no?

[crisp cedar]

you guys aren't teaching me much about economy if you're so proud of your course

[wicked hollow]

I have, yeah - a full year in fact, college required one semester that was macroeconomics and one that was microeconomics.

[crisp cedar]

your right

[crisp cedar]

and they tought you btc was bad?

why dont you guys go look how much money is in btc right now

[wicked hollow]

btc didn't exist yet.

[crisp cedar]

doubt it

[wicked hollow]

I remember when btc came out 😛

[crisp cedar]

well that explains it

you're just a old head

and will be balls deep in crypto in the next coupe years

[wicked hollow]

and you're a child who hasn't learned anything yet.

[crisp cedar]

you're right

learning right now

[daring jay]

I very much doubt that.

[crisp cedar]

😄

[crisp cedar]

hehe if not feel bad

< worth 500 bones almost

[wicked hollow]

anyway, the price for a good is fixed where the supply curve and demand curve meet.

[crisp cedar]

correct

[wicked hollow]

once the price for a good has reached a certain point, more suppliers are going to charge that price for it

[crisp cedar]

confused on how any of this proves crypto to not be a currency

[daring jay]

could you explain?

[crisp cedar]

you love inflation right..?

[wicked hollow]

if I sell bananas, and Jim sells bananas, and Jim is selling his for $0.12 a piece, but I've been charging $0.10 a piece, then I'll raise my price to $0.11 a piece, so they're still cheaper than Jim's, but I'm making more profit.

sound reasonable?

[crisp cedar]

yup

[pallid wagon]

This conversation is 🤌🤌🤌

[crisp cedar]

it is

trying to understand why usd is a currency and crypto is not

[daring jay]

I don't want my money to be worth less. But it's a fact of reality.

[crisp cedar]

possibly because thats all weve been taught just maybe?

[pallid wagon]

No because it is lol

[wicked hollow]

cool. Now, when oil drops down to the price that it used to be when Jim sold his bananas for $0.10, does Jim drop his price back down to $0.10, or does he drop it to $0.11, or does he keep it at $0.12?

[crisp cedar]

exactly!! we are getting somewhere, okay now imagine crypto, where it inflation doesnt have to be real

in fact the opposite they burn supply

and your shits worth more!

how crazy

[daring jay]

inflation is literally a product of human nature

[wicked hollow]

right.

[crisp cedar]

not making sense guys

[wicked hollow]

inflation is caused more by psychology than by money printing.

[wicked hollow]

Evo, answer this

[pallid wagon]

Have you studied any economics concepts?

[crisp cedar]

true but printing def has something to do when you know the amount especially

[crisp cedar]

jim buys crypto

do you see

that simple

lol

[wicked hollow]

Yes, printing more money dilutes the value of the existing supply of money, which does cause inflation. It's not the only cause of inflation, though, or the primary one.

[crisp cedar]

reasons for inflation don't bother me, inflation bothers me

[daring jay]

seller is selling bananas for x money.
seller wants more money, because who doesn't.
seller increases price to y money.
now currency z is able to buy less bananas then when it was at y price.
hence, currency z is less valuable.

[crisp cedar]

yeah

[wicked hollow]

prices rise over time because people charge more for their product over time.

[crisp cedar]

you guys aren't proving much i hope you realize this soon

need to see what im writing instead of what you think your writing

[wicked hollow]

we're proving that inflation occurs even when currency supply holds steady - right?

[crisp cedar]

because even if it made sense, it's not the point

[mental idol]

You like to attack instead of explain.

[crisp cedar]

No attacks here i'm trying to not loop

around and around

[pallid wagon]

This is the case with a lot of cryptobros

[crisp cedar]

because its tiresome

explaining something we learned 6 hyears ago

LOL

[pallid wagon]

It's easier to attack an argument than to make a coherent one

[daring jay]

so, you're suggesting that crypto is not subject to human nature?

[crisp cedar]

my argument is clear if you're paying attention

[daring jay]

that simply can't be true

[crisp cedar]

I'm saying it is

[crisp cedar]

Crypto is subject to much less government manipulation and censoring

[wicked hollow]

So have we proven to you that inflation occurs even when currency supply holds steady?

[crisp cedar]

does that already not sound like a win?

[crisp cedar]

again, don't care about why inflation happens i already know

[wicked hollow]

it doesn't seem like you do, which is why I'm still trying to explain.

Do you accept that inflation occurs even when currency supply holds steady?

[crisp cedar]

it can

not for crypto lol

do you understand?

[wicked hollow]

cool, perfect

and that is the proof that crypto isn't a real currency.

[crisp cedar]

LOL

okay obviously done here i guess

you're points are just that good

convinced me man what can i say

Currency is a medium of exchange for goods and services. In short, it's money, in the form of paper or coins, usually issued by a government and generally accepted at its face value as a method of payment.

[wicked hollow]

if the seller is charging more for their product, but the price of that product in btc hasn't increased, then the price of that product in btc isn't related to the cost of that product. Which would mean that btc isn't influenced by supply and demand. Which would mean that it's not trading according to the principles of economics.

[crisp cedar]

since we seem to forget basic definition and add our own

ill give you the proper one

[pallid wagon]

This will be good 🌝

[crisp cedar]

the price in btc has increased

where do you get it hasnt

[wicked hollow]

... then there was inflation

[crisp cedar]

for crypto

yes

[daring jay]

you're contradicting yourself

[crisp cedar]

same thing ive been saying

for hours now

[daring jay]

that /is/ inflation, which you've been claiming btc doesn't experience

[wicked hollow]

You said this

[crisp cedar]

okay so for the many reasons for inflation

btc doesnt inflate when printed or any of that war shit happens

explain that

it's based on supply mostly and demand

like it should

right?

because its the REAL currency

[wicked hollow]

You said

[crisp cedar]

inflation from printing money or oil shortages

price inflation is good

i want my btc to be worth more

[wicked hollow]

but of course oil shortages increase the cost of everything

[crisp cedar]

I dont want it to be worth more because somebody said they were short something

not bitcoin

lol....

are we getting anywhere

[wicked hollow]

but that's how supply chains work...

[crisp cedar]

when we are talking electricity i guess not as much

i'm not sure

[wicked hollow]

literally even bitcoin. It costs more to mine a coin when oil is scarcer.

[crisp cedar]

well thats debatable

[wicked hollow]

how so? If the supply of oil goes down, the cost of electricity goes up

[crisp cedar]

I see thats what you mean

well in that case yes

I'm not sure id be nearly as drastic

because mining isn't dependent on price

it's depended on reward

[wicked hollow]

specifically on the cost vs reward balance

[crisp cedar]

effects supply a little

thats the best part you cant go mine usd

[pallid wagon]

Energy isn't free 👍

[crisp cedar]

and since its a technology constantly evolving so yeah mining unhealthy for the planet whatever

boom theres staking

now it secures the network by staking and earning interest

much more than your bank which will give you .01% a year if you're lucky

you can earn 10% on usd stable coin which doesn't move in price at all

[wicked hollow]

if I have to pay more for electricity to mine the same reward in btc, then the value of mining a coin has dropped. Which means that, in order to incentivize mining to the same degree as it was previously incentivized, the price of btc would need to go up.

[crisp cedar]

I don't believe oil effects as much as you believe

but i believe you to be correct

[mental idol]

How do you formulate the idea that anything can be stable on a currency that is not stable?

[crisp cedar]

stable coins

these coins are specifically stable

[wicked hollow]

Regardless, the stock market gives on average 10% as well 🤷

[pallid wagon]

And to what are they stable to :)

[crisp cedar]

and don't change in price, i'm still learning myself to be honest but at some point you don't question like how your car runs you just know it runs

and runs well

the usd

[pallid wagon]

Do you not see what we're saying

Lol

[crisp cedar]

no you dont see what you're saying

i'm tlaking about btc not a stable coin

stable coins are good for interest 10% a year youd be lying if you said wasn't good

[wicked hollow]

yeah, like when the snake oil salesman comes to town and says it'll cure all your ailments, you don't ask how, you just buy the snake oil.

[crisp cedar]

how is making money snake oil

explain that

[mental idol]

So, a coin that is "stable" which has no value until two parties agree upon its value at the moment of trade, is backed by an unstable currency with a stable value? oof. That's a lot.

[crisp cedar]

sounds like yall never bought a coin in yoru life and are experts

[wicked hollow]

it's speculation. You're making money based on the proposition that the value of btc will continue to rise over time.

[crisp cedar]

yeah thats usd for you

same fucking thing

[crisp cedar]

yes a technology known to go up in value , will continue

[wicked hollow]

at some point that bubble bursts, and many people lose lots of money.

[wicked hollow]

why?

[crisp cedar]

supply demand

welcome to 3 hours ago

loop this all over again

[wicked hollow]

ok - so what happens when demand disappears?

[crisp cedar]

thats where you are sadly mistaken

you guys are the ones outside of the box right now

get inside the box before you say that

youd understand in our community this doesnt happen

we drool over btc because its done right

[mental idol]

do... you know how much money others have lost in your "this doesn't happen" community?

[crisp cedar]

10% have lost their money sorry for them

[crisp cedar]

do you know how many have changed their lifes in this "happens" community?

[wicked hollow]

you're assuming people will always want to buy bitcoin - why do they want that? Because bitcoin goes up in value. Why does bitcoin go up in value? Because people want to buy it. Why do people want to buy it? Because bitcoin goes up in value. But why does bitcoin go up in value? Because people want to buy it.

[crisp cedar]

alot of words with a lot of nothing, I provide at least a half ass example

[mental idol]

Sounds like it happens then.

[crisp cedar]

maybe you guys are at the point where you should youtube a few videos

and actually get an hour of 2 of pure understanding

[crisp cedar]

speaking for a group you're not in

[pallid wagon]

I still can't tell if this is elaborate messing with someone or what

[jovial island]

Hmm

[wicked hollow]

I've worked in finance for the better part of two decades. I have a better understanding of market economics than you'd like to believe. 😛

[crisp cedar]

nobody is messing with anybody

[mental idol]

Just mirroring your own words and assuming you are in that group bb.

[crisp cedar]

that's good, then you should understand this easily

[wicked hollow]

indeed

[crisp cedar]

yes i've profitted if thats what your asking

you guys are scared to lose your 100$

thats where you already fucked up

because next year your 100$ might be 50

[mental idol]

I wasn't asking anything. I was repeating that the thing you said doesn't happen (devalued coin) does happen.

[crisp cedar]

couple years ago whole 2 carts of groceries for a couple hundreds bucks im leaving the store now with laundry detergent and snacks

[wicked hollow]

you've said that demand for bitcoin will always rise, and I asked why, and you didn't answer me. Why will demand for btc never fall?

[radiant socket]

if the USD experiences 50% inflation, we're probably post-nuclear war anyway

[crisp cedar]

community, and technology, decantralization, no printing!!!

is that enough for you

community yeah is that hard to believe a community is what makes something

[wicked hollow]

no - you mentioned proof of stake coins as better for the environment - won't people eventually switch to one of those?

[crisp cedar]

the technology behind it ever changing

[crisp cedar]

they are...

[wicked hollow]

so... won't demand for btc fall?

[crisp cedar]

it's a very good question, i never claimed to be a professional

I know btc under 100k is a steal

thats what i do know

and by judging that nobody in the last 2 discords even understood half of what im saying shows how early

what happens when your house deed are nfts all the sudden

[jovial island]

Hmm

[crisp cedar]

and don't say it don't happen because it takes a quick google

to understand whats really about to happen

i dont want good people to miss out

[wicked hollow]

so... eventually people will switch from btc to a proof of stake coin, which means that people will sell btc and buy the proof of stake coin, which means demand for btc will fall, which means the price will fall... Right?

[crisp cedar]

the thing thats special about bitcoin is

it's rank #1 because it was the first

[wicked hollow]

why would they be? What would the advantage of NFTs be over traditional signed and notarized deeds?

[crisp cedar]

the technology is behind the newer ones

but all the other coins move with bitcoin

if thats answers anything

everything is almost pegged to bitcoin in a way

with rumors that there will be an event of delinking

[wicked hollow]

it's further proof that economics don't apply to bitcoin, which is further proof that it's a bubble.

[crisp cedar]

if you were to side by side a coin and bitcoin you notice the chart looks the same but the price isn't

[crisp cedar]

economics do apply to bitcoin weve been over this probably 50 times now

inflation doesn't get over it, you don't want it

[wicked hollow]

but you keep naming ways in which they don't.

[crisp cedar]

supply shocks do

they are important and always will be

they dont and do

bitcoin is an anomoly

[wicked hollow]

if other coins become more desirable than btc, the demand for btc should fall.

[crisp cedar]

yes and no...

[wicked hollow]

if it doesn't, then bitcoin isn't following supply and demand.

[crisp cedar]

look at the chart youl understand

[wicked hollow]

take an econ class and get back to me. 🤷

[crisp cedar]

we don't go up 10 thousands dollars at a time

[crisp cedar]

buy a coin and get back to me

[radiant socket]

i think that should just end the discussion

the econ class i'm taking rn is fun though

[wicked hollow]

does it cover micro or macro?

[radiant socket]

both

[wicked hollow]

nice.

[radiant socket]

well, technically it's 2 classes, macro and micro

1 semester each

[wicked hollow]

yeah, it's usually taught as two - too much material for one.

[radiant socket]

there is a little overlap between the two, so that's nice

[wicked hollow]

it's actually quite interesting to see the places where macro and micro differ - and how much human psychology plays into prices

did you know that rainy days are more likely to be down days for the stock market, and sunny days are more likely to be up days?

Or that Wednesdays are more likely to be up days, and Mondays are more likely to be down days?

[crisp cedar]

are you more inclined to buy a stock

[wicked hollow]

than what?

[crisp cedar]

fake currency

[mental idol]

I've not taken many econ courses. I entered FinTech from a retail perspective.
However, a lesson my father taught me decades ago seems to hold tried and true; Young me held up a Tops baseball card of manager Pete Rose with a misprint. "This is worth 200 dollars!", I exclaimed to my father.
"No", he said calmly, "it's worth what someone will pay you for it."

[wicked hollow]

I own quite a lot of stock, in the form of index-tracking funds.

[crisp cedar]

cards will always be awesome if you had an 1900's card right now youd be sitting on a nice chunk

[crisp cedar]

so stocks that don't go down in value?

[radiant socket]

my econ teacher and mom and brother and ... and ... extolled the virtues of compound interest

[mental idol]

No, you'd be sitting on a 1900's card. It's valueless until someone decides to pay you for it.

[crisp cedar]

true, but go check ebay

you could walk into any pawn shop with a brain and get a check

[mental idol]

Still remains just a card.

[crisp cedar]

I know because i had a bunch of them 😄

[wicked hollow]

the individual stocks in the fund may gain or lose value over time, but the fund is sufficiently diversified that on average it is likely to gain substantial value over time.

[crisp cedar]

2k cheapest

[jovial island]

I'm wondering, there's this talk of one currency being "fake" and another being "real", but is there a chance that they are both "fake"?

[crisp cedar]

i was researching something about an index and how they don't go down

[wicked hollow]

once you have substantial savings, compounding interest is incredible.

[mental idol]

You're overlooking the point, but that's okay.

[crisp cedar]

what im sayinnnn bro

[crisp cedar]

finally omg you made my day

shits all a joke guys

[radiant socket]

even if there's no inherent value in the USD, it works as a currency because people think it's a currency

[crisp cedar]

get what makes you money

right?

all usd ever did for me was make me spend it

everytime you leave your door yourspending at least 100$

[radiant socket]

🤔

[crisp cedar]

why youll never see me out there

😄

[wicked hollow]

everything can go down. Index tracking funds are a risk mitigation strategy - compared to buying individual stocks, the index tracking fund will be less volatile, meaning the price swings will be less drastic. In a typical year, it will be somewhere between -5% and +15%.

[radiant socket]

this year has been a bit 📉 🥴

[wicked hollow]

yeah.. Good time to buy, heh

[crisp cedar]

i feel so much more nervous buying stocks than crypto tbh

unless you're buying the right one you're screwed

[wicked hollow]

you absolutely should feel safer buying an index-tracking fund than a coin.

[radiant socket]

that's why you don't buy individual stocks unless you actually know what you're doing

[crisp cedar]

company with huge revenues only

ive bought stocks before profits just not there

not looking for 10%

and not into options yet

[wicked hollow]

if you buy individual stocks, you should treat it like gambling. It shouldn't be your retirement plan, but it's an OK thing to do with excess money.

[crisp cedar]

true

[wicked hollow]

unless you have some insider knowledge, anyway. If you're in congress, suddenly buying individual stocks is a very good strategy.

[crisp cedar]

price action, earnings, revenue are good indicators for stocks

i didnt mean to put revenue im baked

that is earnings

[mental idol]

ha! this needs to be said more often. :(

[wicked hollow]

yeah. 😕

[crisp cedar]

could build a sentiment scanner

find what stock is being typed most

[jovial island]

Hmm, to be fair, I realized I'm not sure on what "real" and "fake" means when it comes to currencies or whether that's a good distinction at all, so I'll just leave now 😅

[crisp cedar]

it means nothing its all fake

[radiant socket]

companies are way ahead of you there, heh

[wicked hollow]

sure, but then you just know what other people know. That's not enough - you need to know something other people don't know to have a reasonable assurance of profit.

[crisp cedar]

right, but i mean globaly scan all stock sites via api's whatnot

[crisp cedar]

well if you know what everyone talking about

[wicked hollow]

yeah, that's another very good point - retail investors cannot be institutional investors. The game is rigged against retail investors.

[crisp cedar]

buy at a cheap price i almost guarantee a return

thats why crypto is the shit

you're not buying stock iso

ipos

whatever its called

stock market caps by the time you see them are millions

you are making other people rich

[radiant socket]

the whole point of a stock is you have a tiny piece of a company. if the company does well you earn money 🤔. it's not like there's no benefit from buying stocks

[crisp cedar]

i hear you but think of your profits

now half

because you didnt buy early

unless you don't care about money yes i already know

[radiant socket]

ok? hindsight is 20/20

[crisp cedar]

but investing name of game is buy low sell high

ive gotten fucked 100% of the time buying green

there is no reason

this is called Fear of missing out (FOMO)

when you buy in markets like this where everything is down 60% and the next cycle runs

all of that in your pocket

and if were talking about crypto.. I personally have hit 700% runners

that can change your portfolio real quick if you have enough money in there

[wicked hollow]

index tracking funds are the right choice if you're saving money to retire. Somewhere around 80% stock and 20% bond is a good choice while you're young. It won't make you the most money, but it has a very, very good chance of not losing you money, no matter how long you take to sell.

[radiant socket]

roth IRAs 😩

[crisp cedar]

yes undeniably a good way to save

[crisp cedar]

these not so much

you will be happy when you are 60 yes if you're still alive

[wicked hollow]

IRAs are a type of account. You can use that account to buy index tracking funds.

[crisp cedar]

if you have an emergency and want to sell early plan for 50% tax

[radiant socket]

you can only contribute 6k a year into an IRA anyways, you can have other savings accounts

[crisp cedar]

not to mention you're funding corruption, I don't want my money flowing through traditional means for many reasons

[crisp cedar]

lame

[wicked hollow]

If you have an emergency and want to sell, it's a 10% penalty on top of your normal income tax rate. It's actually not always a bad idea to sell out of a retirement account.

[crisp cedar]

well my 1000$ was like 600 when i got it

so much more than 10%

[wicked hollow]

then your income tax rate is ~33%

[crisp cedar]

don't see how that's possiblwe

i'm a student

[wicked hollow]

well - how much did you earn that year?

[crisp cedar]

like 20k

at most

[wicked hollow]

and was it roth IRA or traditional?

[crisp cedar]

ira

[radiant socket]

traditional is a type of IRA

[wicked hollow]

roth IRA or traditional IRA?

[crisp cedar]

roth i think

[wicked hollow]

hm - with a roth IRA you pay the income tax before investing the money, not after withdrawing

[blissful coral]

Why don't you go all in on riskier stocks

[crisp cedar]

thats weird...

[crisp cedar]

i do 😄

[blissful coral]

any recommendations? haha

[wicked hollow]

because I prefer safer investments?

[crisp cedar]

catgirl

[blissful coral]

(as long as they aren't from WSB)

[crisp cedar]

#1 most visited on cmc

huge crash right now

11 million dollar buy in few months ago

bout to blow

[blissful coral]

whats cmc? 🤔

[crisp cedar]

coin market cap

.com

[wicked hollow]

penny stocks or the like have a ~100% chance of losing whatever you invest. Broad market index tracking funds have a ~0% chance of losing your investment.

[crisp cedar]

very true

[radiant socket]

it means that when you do withdraw, you have no tax

[crisp cedar]

have to have steal nuts risky investing

[crisp cedar]

it seems i did tho..

[radiant socket]

which is why godlygeek is confused

[crisp cedar]

same lol

i could be wrong about which ira but are they both the same

pretty sure it was roth and had at least 1000$ to 900$

very dissapointed

considering it was somewhat emergench

[pallid wagon]

Sad!

[crisp cedar]

and i would have made another 6k of shib

-_-

[blissful coral]

I am not even suprised theres a coin like that

[crisp cedar]

like what

[wicked hollow]

they are not the same. Both have the 10% penalty, but withdrawals from a roth IRA would have only the 10% penalty, withdrawals from a traditional IRA would also force you to pay income tax on the withdrawn amount.

[blissful coral]

I'd prolly have better chance pumping and dumping than """investing"" in catgirl lol

[crisp cedar]

i dont get it

[crisp cedar]

well same thing if you ask me...

[blissful coral]

metaverse coins seem to be gaining populatiry tho

[crisp cedar]

and yes its a meta coin..

[blissful coral]

well no. Higher change for return

[crisp cedar]

nfts are sexy also season 2 coming

[crisp cedar]

wym higher change for return

[blissful coral]

nfts are dumb AF change my mind

[pallid wagon]

@crisp cedar what if I was Satoshi 😳

Wwyd

[crisp cedar]

they are questionable

[blissful coral]

very

[crisp cedar]

you would already have made it clear

satoshi wouldn't have been silent in here for hours

😄

[crisp cedar]

but my nfts give me free nfts

< and that one is almost worth 500 bucks

so you tell me

[blissful coral]

my recommendation is to sell it before it comes crashing down

[pallid wagon]

What if I did that to not bait my existence

[crisp cedar]

free did you miss that part

[crisp cedar]

it would be really funny honestly

[blissful coral]

"free" oh yea, ignoring the hefty fees

[crisp cedar]

I'm not convinced satoshi is alive or even human at this point

[crisp cedar]

no fees

[blissful coral]

last time I checked, it was like 100 bucks

[crisp cedar]

i dont use ethereum

[wicked hollow]

with a traditional IRA, you put in money that hasn't been taxed (subtracting that money from your yearly taxable income), you don't pay anything for earnings that the money has while in the account, but when withdrawing money you pay income taxes on the amount you've withdrawn (which could be more than the amount that you put in, since the balance is expected to grow over time).

With a roth IRA, you put in money that has already been taxed (so it was included in your yearly taxable income). You still don't pay anything for earnings that the money has while in the account, and you don't pay taxes when withdrawing money from the account (even though it could be more than the amount that you originally put in).

[blissful coral]

well

[crisp cedar]

yeah well you must have checked years ago thats old news

[blissful coral]

then its value is even less

[pallid wagon]

What do you think of me tho 🧐

[crisp cedar]

maybe i was taxed 33%

[blissful coral]

nah man, Id rather take the dumb startup route while investing side by side

[pallid wagon]

You could be talking to Satoshi and never know

[crisp cedar]

satoshi wouldn't be here..

[pallid wagon]

Do you know them? Why wouldn't they be

[crisp cedar]

what english please

[pallid wagon]

Maybe they're so rich they can do anything they want

[crisp cedar]

my intuition is strong

[blissful coral]

wdym?

[crisp cedar]

whats dumb startup route

[pallid wagon]

Hmm I'm not convinced

[blissful coral]

oh, join a startup, options yadda yadda, become millionaire if lucky

[crisp cedar]

you're not convinced i'm not convinced you're satoshi? ahaha you kids are funny

[crisp cedar]

yeah have fun with that man

[wicked hollow]

Just remember that 90% of startups fail within 5 years.

[crisp cedar]

:x

[blissful coral]

ikr

but its better than solely investing

[crisp cedar]

no

its not

[blissful coral]

aaand I've got some pretty good ideas which ones might just suceeed

[crisp cedar]

have to make the ideas and be able to build them

[radiant socket]

maybe if you invest in penny stocks , but not if you invest into index funds

[wicked hollow]

Well - that depends...

[crisp cedar]

and market them..

[blissful coral]

more likely to get ripped off due to low volume

[crisp cedar]

some penny stocks are big companies

find them

[wicked hollow]

The expected value of investing is a modest gain.
The expected value of starting a company is a loss, but the best case scenario is a massive gain.

[crisp cedar]

id say same with investing

[wicked hollow]

you would be wrong.

[crisp cedar]

if you really understand all the concepts you're unstoppable

[blissful coral]

yep. and the smartest strategy is to do both for maximizing probability

[crisp cedar]

me never? ever heard of leverage

[blissful coral]

unless one believes in playing the lotto

[radiant socket]

conservative investments get 5% every year, more aggressive ones could get 10+%

[pallid wagon]

Yeah you're not really selling me on it mate

[crisp cedar]

asians in their 1ft by 1ft apartment turn 1000$ into 100 million with options

[blissful coral]

more like 30%+

[crisp cedar]

less than a year

[blissful coral]

aggressive ones I mean

[wicked hollow]

we're talking about hedged investments.

[blissful coral]

ahh

[wicked hollow]

if you're not hedging, 30% gains are reasonable, but so are 100% losses.

if you're hedging, you're unlikely to make much over 10%, but you're also unlikely to lose much more than 5%.

[crisp cedar]

yep

lets also not forget about maths

you lose 50% of your portfolio

what do you need to get back to what you were at?

[radiant socket]

you keep saying this "you lose 50%" thing, are you talking about inflation?

[blissful coral]

well, I don't intend to invest in stuff so risky to hedge

[crisp cedar]

no answer the question im down 50%

how do i get back my money

[wicked hollow]

for hedged investments? Generally nothing. You just wait until the prices go back up.

[blissful coral]

crypto out, well performing undervalued companies in

[crisp cedar]

how much %

sorry

do i need

[blissful coral]

Atleast in Asian markets, I got 40%+ profit

[crisp cedar]

nice!

[blissful coral]

though I didn;t invest as much as I should have

[crisp cedar]

trading other markets is genius

[blissful coral]

and they're down due to the Russian-Ukraini conflict

[wicked hollow]

on average, the S&P 500 gains 10% per year. Some years it might be down 30%, but other years it's up 50%. So, if all you do is buy into a fund that tracks the S&P 500, on average your money will have grown by 10% each year, even though in some individual year you may have lost money.

[crisp cedar]

well you guys took a long time so the answer was 100%

[blissful coral]

but Im confident they'r profits can hold - none of them have strong reliance on Russian instruments

[crisp cedar]

i need 100% of my money back

to break even

that concept took me a while to learn believe it or not

don't underestimate taking profits

[radiant socket]

it's not that hard to believe

[crisp cedar]

basically moral of story

[crisp cedar]

says you

[blissful coral]

what

[radiant socket]

what

[crisp cedar]

how old are you homie

[radiant socket]

18

[crisp cedar]

explains it

[blissful coral]

isn't that basic common sense? or maybe I'm too much of a Genius

[radiant socket]

let me guess, you're 23

[pallid wagon]

That's rude

[crisp cedar]

defining age

[crisp cedar]

good guess

[wicked hollow]

I don't understand - it took you a while to understand that, if your investment's value is cut in half, it needs to double to be back where you started?

[crisp cedar]

i guess so.. unless my maths wrong

[wicked hollow]

your math is right, but that seems obvious to me

X = X / 2 * 2

[crisp cedar]

well I took middle school math

in college so

that looks alien to me

[blissful coral]

looks like that 😂

def

[crisp cedar]

LOL

looks more familiar now i started coding

[mental idol]

This, at least, helps put a few things into perspective.

[crisp cedar]

what

[wicked hollow]

in any event, the expected value for index tracking funds is around a 10% gain, so in an average year your X money will grow to 1.1 * X

[crisp cedar]

10% a year

so bad...

[wicked hollow]

quite good for a safe investment.

[crisp cedar]

well yes..

[radiant socket]

right, until you make 10% on that 10%, and 10% on that 10%...

[blissful coral]

10% is abysmally bad IMO.