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/biz/ - Business & Finance

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1142652 No.1142652 [Reply] [Original]

>Stock/ETF returns so far this month: -4%
>Cryptocurrency returns so far this month: 37%

I'm seriously considering moving half of my equity investments (approx. $13k) into cryptocurrencies. Tell me why I shouldn't.

>> No.1142686

>>1142652

Because you're on this board. You shouldn't invest in shit if you come here for advice

>> No.1143003

>>1142652

How do you lose 4% in the stock market?

>> No.1143202

>>1143003
Go long Chipotle?

>> No.1143240

>>1142652
the only crypto word something is bitcoin. dont fall for the ethereum band waggon, that shit will hit the floor and never recover after the bubble. its a seen pattern for like 40 different "promising" currencies

>> No.1143258
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1143258

>>1142652
The fact that cryptocurrencies are up 37% means you already missed the bubble. But if you jump in now you'll be just in time for the inevitable pop.

>> No.1143404

Cryptos are notoriously volatile, if that's the environment you thrive in, go for it.

7x return for me (mostly eth)

>> No.1143415

>>1143240
Eth will realistically hit 70 - 80 before stabilizing at 50 - 60. It actually does something useful and is backed by bigger tech companies

>> No.1143434

Have any of you guys realized any gains or do you just have x times the value of the coins you started with?

>> No.1144925

>>1143434
*crickets* lmao

>> No.1145078

>>1143434
some lucky bastards probably cashed out
some greedy bastards probably still hold.
but I bet that most of those who multiplied their investment, started with an insignificant amount anyway and so aren't precisely rich now. I had over 2000% gains but since my initial investment was like 5 bucks it didn't mean anything.

>> No.1145106

Op clearly has no concept of volume. It doesn't matter how much the value goes up by, if you can't sell it.

>> No.1145412

>>1145078
>but I bet that most of those who multiplied their investment, started with an insignificant amount anyway and so aren't precisely rich now. I had over 2000% gains but since my initial investment was like 5 bucks it didn't mean anything.

This is probably true.

I didn't buy in until it was 0.022 BTC, but i bought 90,000 USD worth.

Sold at 0.032 for a healthy 40,000 profit.

>> No.1145415

>>1145412
proof or you're lying.

>> No.1145666

>>1145412
>i bought 90,000 USD worth
Yeah, me too.

>> No.1146305

buy syscoin you fag

>> No.1147323
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1147323

Where can I exchange USD for BTC instantly? I've been waiting on my transfer from Circle for FOUR fucking days

Can you believe that shit?