Hey anons, I'm new to stocks and investing. I'm reading Benjamin Graham's "The Intelligent Investor" and am wondering how is "investing" in Crypto not speculative? How do you determine the value of a cryptocurrency so you know what price you're willing to pay for it?
Cryptocurrency and Intelligent Investing
Joshua Anderson
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Leo Cox
Stop reading that fucking garbage book
Dylan Turner
Why?
Graham is an alumni of my uni :D
Parker Cox
There are a lot of different ways you can invest, the method outlined in that book is dated due to advancements in technology. Not to say you won't make some money with that method but simply speculating what the future will look like will have a much higher return.
Parker Fisher
>simply speculating what the future will look like will have a much higher return
Isn't this only in the short run and never works in long run? Can you BTFO Graham's points against speculating?
Also, how are the methods dated? People were saying they were dated when the Dot com bubble happened and then everything crashed and Graham came out on top again
Noah Robinson
Investing in stock that doesn't pay dividends and isn't a new issue is also speculative. You aren't funding any capital expenditures and are just hoping that someone will take the equity off your hands eventually at a higher price.
Joshua Moore
>just hoping that someone will take the equity off your hands eventually at a higher price.
That's if you're speculating. Graham says that if you thoroughly research the company's financials and find it undervalued at what price it should be going for, then eventually the price will reflect what it should be properly evaluated at. That's not speculating
Wyatt Brown
8/8
Nolan Long
How about answering OPs initial question. How to forecast good entry points for crypto? What is the trick? Is it as simple as buy when down, sell when it's going up? Where does technical analysis come into play for crypto? I've used graham's method generally to great return. Dividends are awesome and I can generally value companies and determine valuations and acceptable entry prices. How does one do this in crypto? What are some basic principles we can all utilize?
Jaxon Young
Its completely speculative. This is an entire board of NEETs in denial.