/biz/ - Business & Finance

>>22826257
you have to be 18 to post here

>>22826257
yes but its probably also easier to lose everything. Stocks have a 7% market shutdown stoploss, crypto does not, shit can and will go to 0 and no one will be there to bail it out.

Stock market is like poker. It takes a lot of reading your opponents and you can make plays off predicting what everyone as is going to do.

Crypto is like a slot machine. There's no fucking way of knowing if you'll win or not, no amount of learning will help your chances, even "solid" projects can be absolute rugpulling dogshit. There's no regulation so it's just pure luck. You can win a lot though, but only if you're fuckin lucky.

>>22826343
>Crypto is like a slot machine.
if you invest in pnd ponzi schemes, sure

Crypto=you win by investing a little into some small project that will go 10x on the next bullrun

Stock market=you win by waiting for big, well-known companies that never fail having dips in their stock prices and buying in so you can ride their upward momentum

No one is going to get rich from buying 1 BTC.

Is this just "fun money"? Or do you actually need it: for school, a house, bills . . .?

Investing in cryptocurrencies is basically a form of ForEx (foreign exchange) trading. You're exchanging one form of currency (US Dollars, British Pounds, Japanese Yen . . . ) for another, on the belief that the exchange rate between the two will change in your favor.

The danger with cryptocurrencies is that its unclear what - if anything - is supporting them. Americans will always need US dollars, for example, to pay their taxes. But will there always be a demand for a specific cryptocurrency?

No one knows, yet. And if you can't spend your bitcoin, or ethereum, or . . .then it doesn't matter how much you have.

Stocks, on the other hand, have been around for centuries. People know how they react to various stimuli: war, depression, famine . . . and they're supported by the assets of the company (although bonds have a better claim).

If you're just starting to invest, I'd go with an S&P 500 index fund. That's a mutual fund that owns the 500 "flagship" companies in the US, and index funds traditionally have very cheap management fees. On average, the S&P 500 has returned about 7% (after factoring in inflation) every year - although that's only an average (some years do much worse or better).

A side benefit is that almost every investor has SOME exposure to the S&P 500 - including some of the most wealthy and powerful people on the planet. That doesn't mean its perfectly safe, but it does guarantee that - if there are any shenanigans - you WILL get answers (and probably someone's head).

If you want to learn more, I'd recommend getting a couple of books on investing. Check your local library, or maybe look at eBay. Money is one of the great universal interests, so there are a TON of good books on how to get more.

>>22827444
Cringe

>>22827463
An S&P 500 index fund may not be glamorous, but its a good starting investment. And there's a reason its at the heart of so many retirement plans and investment portfolios - it offers instant diversification, into a lot of good companies, and routinely beats inflation.

>>22826257
fact is that stocks are the real pajeet scams, and you buy boomer bags

>>22827444
Checked. Honestly this is a really good post for this shitty board.