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RE: HODLERs can be uninformed Morons. Do you understand you are NOT buying lottery tickets??
Not to disagree with you but if you are going to quote Buffett on that, then it appears you are in the wrong arena;
https://www.cnbc.com/2018/01/10/buffett-says-cyrptocurrencies-will-almost-certainly-end-badly.html
In that article he says he isn't shorting anything and admits: "Why in the world should I take a long or short position in something I don't know anything about." That's his other advice, to only invest in what you understand. It is his guy feeling that it will go bad but he doesn't trade on gut feelings. That's why he is the richest investor.
You do get my upvote for this, however.
He has been straying off what he knows in recent years. And is paying a price. Look at what has happened with Warren's jump into tech stocks with IBM. Very ugly. Sure, he recovered with Apple, but I think it was a lieutenant of BRK that got BRK into Apple.
Well then, by his own logic he should fail. I also have no idea why he is making any crypto predictions when he admits he knows nothing.
Anyway, S&P500 beats over 90% of managed funds so I just go with them. Index funds don't get emotional and make bad decisions.
Makes sense. I agree. Lets take Nasdaq as another example.
Do you think QQQ is a decent index ETF to invest in?
If QQQ is good, is TQQQ better?
TQQQ is a leveraged ETF and those make me uncomfortable. I like simple equity plays. QQQ gives you a nice stable-ish basket of stocks while TQQQ is more of a short term play, in my amateur opinion.
The leveraged ETFs are devils in disguise. All sorts of issues with backwardation and contango that mean the leveraged ETFs are not meant to be held long term.
They are short term only.
And are potential weapons of mass destruction - Warren would never touch a leveraged ETF
I'm not saying I like trading on SMA's but the SMA is a fact. You can argue how to interpret it but you can't argue that a moving average isn't real. I'm done with all of this talk of waves and triangles and cups. That's no more real than the constellations in the stars.