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<blockquote data-quote="TexasRancher" data-source="post: 1745535" data-attributes="member: 8359"><p>[USER=22091]@mtchick[/USER] , I don't know, in my world of investing there's no free lunch and if it sounds too good to be true ...everyone would want to do it and it absolutely can't work. For instance...you stated "Short term payout on one is 3.3% daily for 30 working days, and long term payout on the other for one of the lower priced contracts is 38% yearly paid out monthly for 2 years"...yeah , I think everyone would want to be onboard for long term 2 year... 38% on their money/year.</p><p>Problem is stuff like this doesn't exist without risk. Yeah, maybe the first year payout was 38% but that's not guaranteed every year. Too dangerous for me. I fallback to my comfort zone...where I actually believe I know a lot about cryptos....and they are a worthless hot potato where the remaining holders will be holding an invisible bag of electronic coins that can't buy anything and nobody wants them....and they're deemed illegal. I believe cryptos are and will be used as an inflation sink....destroy money...and you tame inflation quickly. I'm happy for you mtchick...but in my world at age 59, having dabbled in all forms of investments....I know there's no free lunch and following the herd or trend is dangerous. Cryptos have no P/E ratio they are not a company with any performance. Crypto try to act like money....but i cannot buy a burger with them. If cryptos are on the Forex exchange (i don't know, are they?)...then it's just another form of money which is good. If cryptos are not on the Forex exchange...then that is a big signal to me, and anyone, to stay out.</p></blockquote><p></p>
[QUOTE="TexasRancher, post: 1745535, member: 8359"] [USER=22091]@mtchick[/USER] , I don't know, in my world of investing there's no free lunch and if it sounds too good to be true ...everyone would want to do it and it absolutely can't work. For instance...you stated "Short term payout on one is 3.3% daily for 30 working days, and long term payout on the other for one of the lower priced contracts is 38% yearly paid out monthly for 2 years"...yeah , I think everyone would want to be onboard for long term 2 year... 38% on their money/year. Problem is stuff like this doesn't exist without risk. Yeah, maybe the first year payout was 38% but that's not guaranteed every year. Too dangerous for me. I fallback to my comfort zone...where I actually believe I know a lot about cryptos....and they are a worthless hot potato where the remaining holders will be holding an invisible bag of electronic coins that can't buy anything and nobody wants them....and they're deemed illegal. I believe cryptos are and will be used as an inflation sink....destroy money...and you tame inflation quickly. I'm happy for you mtchick...but in my world at age 59, having dabbled in all forms of investments....I know there's no free lunch and following the herd or trend is dangerous. Cryptos have no P/E ratio they are not a company with any performance. Crypto try to act like money....but i cannot buy a burger with them. If cryptos are on the Forex exchange (i don't know, are they?)...then it's just another form of money which is good. If cryptos are not on the Forex exchange...then that is a big signal to me, and anyone, to stay out. [/QUOTE]
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