|>>|| No. 31722
>it's the dream that you can get rich by doing nothing just because you're clearly much smarter than everyone else and saw the potential where others didn't.
There's a saying on /r/wallstreetbets that in a bull market, everyone is a fucking genius.
I started investing in stocks after the 2008 global crash, circa in the spring of 2009, when for about two years, it was almost impossible not to make shedloads of profits, both realised and on paper, just by buying all the dips. And I felt like an absolute Warren Buffett.
But at some point, I think everybody realises that turning a consistent profit in the stock market, apart from a few lucky wins because you're riding a colossal bull market, is absolutely hard work. There's a reason why investment firms moving trillions of dollars around the globe employ hundreds, if not thousands of market analysts and other investment professionals, and don't rely on a handful of hobby-horsing retail investors like you and me in their investment decisions.
Theoretically, if you near-constantly buy and sell at just the right time, you could make absolute oodles of money trading bitcoin and other cryptos, and technically speaking, you'd become a millionaire just by making a few mouse clicks a week. But as anybody with even a passing understanding of risk-reward profiles will tell you, highly volatile assets like cryptocurrencies have a massive inherent risk of loss, while the probability of large gains is very small. It's a bit like a lottery ticket. Yes, somebody will probably win two or three million that weekend, but most people play all their lives never winning more than a few quid.