u/savingstrainagain

Have around 700k in cash currently in a RH account that I grew gambling through options. (Taxes paid already) Thought I was some sort of trading genius but as time goes on I realize how much luck and conviction(belief)is Involved. I’m now trying to diversify this cash into actual buy and hold investments.

I have never bought crypto before but some retarded old guy once said buy low sell high.

Sentiment has got to be an all time low right now for this sector.. seems like a good time to hop in while everyone is shitting on this asset class.

What do you guys think about buying 25 eth for my portfolio. Not as a trade but a buy and hold 10+ years. I’m basically doing a world tour of block buys until my cash is all invested.

It’s either this or basically buy 1 BTC.

Is 50k too much?

Love to hear your thoughts.

I guess sidebar but any advice on the platform I should use to actually buy the eth too wouldn’t mind that either. Cheers.

Been reading/listening about all these LLMs being run aren’t giving out free unlimited subscriptions anymore and now the true costs of running these operations is being passed to the consumer who will have severely restricted access than they previously had. The costs are abnormal when paying per mile(tokens) compared to what we have been experiencing with flat sub fees. How many companies are gonna waste real money they burn through on a balance sheet when LLM’s actually cost bottom lines for the employees to use and it’s just not accurate/ stable enough yet(see all these companies pulling their ai agents/products like Starbucks or UBER to name two).

Theres also no tangible way to actually see if these apps and tools make your company make more money, however it’s incredibly easy to point out the ways it’s making problems or costing capital. Now that the free joy unlimited subscriptions rides are over how is open ai or entropic supposed to become profitable? These companies are IPO’ing at trillions and they make no money at all. They can’t do anything without massive venture capital flows due to their cash burn rate.

Any stalling of growth at all when these companies are projected to make hundreds of billions by 2030 yet there is already talk of customers being concerned with how much LLM’s actually take to run now that the free months/ coupon subs they were getting have run out.

They are rug pulling everyone even their own employees who ran up billions of total in wasted token usage because these companies were screaming at them to adopt it in anyway possible. This is all coming undone in the past few months as the true cost of LLM’s is being passed down instead of eaten by these companies who took massive losses to allow their product to be used with no restrictions.

It’s a classic business tactic actually you get everyone on your software for basically free or massively reduced price/deals. Then you bait and switch them with massive increased pricing with business model changes once you’re in the ecosystem.

People buying into these IPOS are going to lose money. These are companies that have never been profitable from inception and never will be profitable.

lots of comments from people acting like these companies make money. Not talking about the advancements of AI. Guys they don’t make any money at all! In fact they actively lose money. A lot of it! They are telling you they are projecting to make 350 billion by 2030 it’s pure delusion. How can they turn that profit when they are already advising customers how expensive their token usage will be if they expend at previous rates. It’s not profitable. And the only reason it’s been this widely adopted is because these companies were letting you pay 50$ for a product that really costs 5000$ a month but they were subsidizing this costs of their tokens by simply eating the balance they weren’t making you pay previously.