News for hackers. Stuff that matters.

A comment on Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies. Parent comment

Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by almost_usual on Thursday January 25, 2018 @05:04PM (#16235125)
There are plenty of ways to learn the market without spending money as a day trader on Robinhood.

Most financial events are cyclical. Trading really hasn’t changed much since the late 17th century so reading a history book on financial speculation and market cycles would teach you plenty.

Another alternative is simulating trades without allocating real liquid to it. Watch how those assets evolve over time.

[ Parent | on HN ]
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by ouid on Thursday January 25, 2018 @05:07PM (#16235147)
it's improper to be glib on HN, but did you really just call it "spending"?

Regardless, there's a lot to be said for putting actual money down on your beliefs, it has a non-negligible impact on the learning process.

[ Parent | on HN ]
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by almost_usual on Friday January 26, 2018 @12:33AM (#16237231)
If the goal is attaining wealth then “wasting money” is probably a more accurate statement.

How someone decides to use their money is up to them. If emotional reinforcement helps them remember something then I suppose day trading is an option.

I’m only suggesting there are frugal ways to learn if your ultimate goal is to build wealth.

[ Parent | on HN ]
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by ouid on Friday January 26, 2018 @01:26PM (#16241567)
If you are no more likely to lose money day trading than you are to make money, then it's not wasting money.
[ Parent | on HN ]