• PDFuego@lemmy.world
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    2 days ago

    What a terrible article. 4 people are mentioned, yet it only says how one of them is doing (51% ROI). The first guy is just making “profit” which doesn’t tell us anything, the second girl is investing 10x as much as she was 4 years ago, which doesn’t necessarily mean she’s making a significant amount, just that it’s been steady enough that she’s comfortable with it, then there isn’t any information at all about the last guy. I can’t say these “Serious Stock Market Gains” are very impressive if the author won’t even say what they are. The article barely mentions AI so the headline is bullshit too. The part about a 14 year old working at Taco Bell and “pouring” his paychecks into fucking Palantir is nice and horrifying though, so I’m not saying the article doesn’t fit here.

    • themachinestops@lemmy.dbzer0.comOP
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      2 days ago

      This is why I posted it not the ChatGPT part, but kids basically investing in the stock market. You are correct though the article is horribly written.

  • incogtino@lemmy.zip
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    2 days ago

    “Ryan Sorrell was just 8 years old when he made his first Bitcoin investment. Now 15, he’s bussin…”

    • themachinestops@lemmy.dbzer0.comOP
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      2 days ago

      The price of bitcoin 7 years ago was 9200, I doubt he had a lot of money when he was 8 years old, the question is how did he make an account to buy bitcoin?

      • Mearuu@kbin.melroy.org
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        2 days ago

        Bitcoin does not require an account. You just need a wallet address and the keys. You can make your own with available software.

        Maybe you meant how he funded the account. I would guess one of the following,

        1. Mine shitcoin then trade for bitcoin.

        2. Buy gift cards and trade them for bitcoin.

        3. Bitcoin ATM

        • themachinestops@lemmy.dbzer0.comOP
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          2 days ago

          I am aware you can create an address without any verification, but purchasing it is difficult in some countries. Maybe he used local bitcoin before it was shutdown.

            • themachinestops@lemmy.dbzer0.comOP
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              2 days ago

              Each country have their own regulations, in the past it was easier these days it is way harder to buy and believe me I know many exist that doesn’t make it easier for children to buy. Monero for example is very hard to buy, swapping with another crypto coin is easier than buying it from a crypto exchange.

      • Ediacarium
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        2 days ago

        Scammed a senior like everybody else?

  • SoftestSapphic@lemmy.world
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    2 days ago

    Probably as reliable as any other method.

    Even the biggest players aren’t any better at predicting the stock market better than a coin flip.

    • Homefry@infosec.pub
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      2 days ago

      Members of Congress (US) seem to be surprisingly good at investing. I wonder what their secret is lol